Torsten Slok
Role at the time: Apollo chief economist writing under his own name
Defended or excused
Statement summary
Slok says AI has produced no financial payoff outside the technology sector.
“the technology has delivered zero financial payoff to corporate America outside of tech.”
Open source (opens in a new tab)No Signs of AI Payoff Outside the Tech SectorOpening paragraph, chart descriptions and final paragraph
Slok interprets revenue, margin and productivity data as showing no financial payoff outside tech. His comparison uses the Magnificent Seven and other S&P 500 members.
Archived copy (opens in a new tab)Why we used this label
The case scrutinizes Slok's interpretation of AI payoff. He expressly endorses that same interpretation and argues for the S&P 493 as its test, which is defense of the position under scrutiny.