Torsten Slok
PulseAugur coverage of Torsten Slok — every cluster mentioning Torsten Slok across labs, papers, and developer communities, ranked by signal.
8 day(s) with sentiment data
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Economists: AI not to blame for Gen Z unemployment, other factors cited
Recent graduates, particularly Gen Z, are expressing anxiety about AI's impact on their job prospects, with over half fearing it threatens their security. However, economists suggest that AI is not the primary cause of …
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Global Markets Tumble as Fed Signals Rate Hikes; SpaceX Loses $400B
Global markets experienced a significant downturn as the U.S. Federal Reserve signaled a shift towards higher interest rates. This hawkish stance, led by new Fed chairman Kevin Warsh, has led investors to anticipate mul…
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Nasdaq Volatility Spikes on AI Stock Risk, Investors Demand More Protection
Torsten Slok, chief economist at Apollo Global Markets, noted that Nasdaq implied volatility relative to the S&P 500 has reached a multi-year high. This surge indicates that investors are seeking greater protection for …
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AI's revenue boost limited to Magnificent Seven, economists note
Economists are observing that the impact of AI on corporate revenues and profit margins remains limited, with noticeable effects largely confined to a small group of major technology companies. Outside of the "Magnifice…
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US sees manufacturing boom but job growth lags
Treasury Secretary Scott Bessent has declared a "manufacturing renaissance" in the U.S., citing significant investments in semiconductors, clean energy, and reshoring of production. Economists like Torsten Slok from Apo…
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AI and LLMs Fuel Surge in US Business Formations
The rise in new U.S. business formations is significantly driven by advancements in AI and large language models. These technologies are making it substantially cheaper and less complicated to start new companies. This …
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Economist: AI is creating jobs, not destroying them
Apollo Global Management's chief economist, Torsten Sløk, argues that there is no evidence of AI-driven job losses, citing employment data that suggests AI is actually creating jobs and boosting inflation. He believes t…
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Jamie Dimon advises Gen Z on AI, meets NYC Mayor Mamdani
Jamie Dimon, CEO of JPMorgan Chase, advised Gen Z graduates to focus on developing uniquely human skills like critical thinking and emotional intelligence, rather than fearing job displacement by AI. He expressed optimi…
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AI boosts individual worker speed, but economy-wide productivity lags
While many employees are using AI to increase their individual work speed, the broader economy is not yet showing significant productivity gains. This phenomenon mirrors the early days of the internet, where initial inv…
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S&P 500 IT sector hits record 35% of capex on AI infrastructure race
The IT sector within the S&P 500 has reached a new record, with its share of total index capital expenditures climbing to 35%. This surge is driven by hyperscale companies aggressively investing in AI infrastructure. Th…
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US faces recession unprepared due to $39T debt, economist warns
A top economist warns that the U.S. is ill-prepared for a recession due to its record-high national debt of $39 trillion. This substantial debt limits the Federal Reserve's ability to cut interest rates without risking …
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AI efficiency paradoxically fuels offshore call center job growth
Despite predictions of AI-driven job displacement, offshore call center employment, particularly in the Philippines, has nearly doubled over the past decade, now employing 2 million people. This trend illustrates the Je…
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Economists Compare AI's Economic Impact to China Shock
Economists are drawing parallels between the current rise of AI and the "China shock" of the early 2000s, which saw significant manufacturing job losses in the U.S. due to increased Chinese production. While AI is impac…
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a16z dismisses AI job apocalypse fears, citing historical economic patterns
Andreessen Horowitz (a16z) has published an essay arguing that fears of an "AI job apocalypse" are unfounded, labeling them as "unhelpful marketing, bad economics and worse history." The firm contends that these predict…
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AI investment to hit $1 trillion by 2027, driving compute demand and labor market shifts
Global investment in artificial intelligence is projected to reach $1 trillion by 2027, driven by significant capital expenditures from major tech companies and emerging cloud providers. This surge in spending is direct…