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1 sourcesApollo economist warns AI profit gains outside tech could take "well beyond" what Wall Street expects
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Apollo chief economist Torsten Slok warns that AI-driven profit gains outside the tech sector may take much longer than Wall Street expects. In regulated industries like healthcare, banking, and pharma, productivity boosts could be delayed by years due to process overhauls and privacy rules. This could lead to a painful repricing of many AI stocks.