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Apollo economist warns AI profit gains outside tech may exceed Wall Street expectations · Cyprus Report

Business · World

Apollo economist warns AI profit gains outside tech may exceed Wall Street expectations

1 sourceFirst reported 14 days agoUpdated 14 days ago

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Apollo chief economist Torsten Slok has raised concerns about the timeline for AI profit gains outside of the technology sector. He suggests that industries such as healthcare, banking, and pharmaceuticals could face delays due to regulatory hurdles and privacy regulations. Slok believes that potential productivity improvements may take much longer than anticipated, possibly extending from months to years. According to him, this could mean that Wall Street's expectations for AI-driven profitability in these sectors may be overly optimistic.

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Apollo economist warns AI profit gains outside tech could take "well beyond" what Wall Street expectsThe Decoder · 14 days ago

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AI summary: catch up in 20 seconds

Apollo chief economist Torsten Slok has raised concerns about the timeline for AI profit gains outside of the technology sector. He suggests that industries such as healthcare, banking, and pharmaceuticals could face delays due to regulatory hurdles and privacy regulations. Slok believes that potential productivity improvements may take much longer than anticipated, possibly extending from months to years. According to him, this could mean that Wall Street's expectations for AI-driven profitability in these sectors may be overly optimistic.

Generated by AI from the 1 sources below · always verify with the originals