Here’s the ‘core economic flaw’ in the AI bull case as stock and bond trades unravel, according to a top economist

Apollo Chief Economic Torsten Slok was on a warpath this past week, issuing a series of warnings about the AI boom as Wall Street retreated from the sector. On Tuesday, he pointed to the recent slowdown in token spending growth , saying the demand curve for compute is flat and highly sensitive to price changes. Meanwhile, most companies that are investing in the technology have yet to see significant productivity returns, Slok added, with AI now looking more like a cost center than a growth driver.

Source: Fortune Crypto