Everyone is talking about AI. But can the economics keep up with the hype?
Torsten Slok, chief economist at Apollo Global Management, joins Sonali Basak to discuss how AI is reshaping markets, corporate spending, entrepreneurship, and the broader economy.
As higher interest rates force investors to focus on revenue, profits, and cash flow, Slok argues that the key question is no longer whether demand for AI exists, but whether companies can generate returns that justify the unprecedented capital being deployed.
Key topics include:
Why AI exposure extends far beyond technology stocks, including into fixed income
How higher-for-longer rates are complicating the AI trade
Why the next AI winners may be adopters, not builders
The bullish case for AI's impact on jobs and entrepreneurship
Why manager selection matters more than ever in private credit
His central message: as AI spending shapes changing interest rates, it is becoming one of the most important forces shaping markets and the broader economy.
