Gary Marcus cites Apollo economist: zero AI financial payoff outside tech
GaryMarcus · x · 2026-10-25
Gary Marcus amplifies the bear case on AI, quoting Apollo chief economist Torsten Slok: despite massive investment and hype, AI has delivered zero financial payoff to corporate America outside of tech — revenue per worker and profit margins are flat for the S&P 493, with no measurable productivity boost. Mainstream companies are pulling back and treating token spending as a cost center. Marcus adds that even Altman admits the problems are very serious with no obvious solution, and RTs a post framing AI as a plutocratic wealth-extraction scheme.
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