Top economist says AI just hasn’t delivered on the productivity hype—and it means a ‘painful repricing’ of markets is very possible

Top economist Torsten Slok warns that AI has not yet delivered widespread productivity gains beyond tech companies, creating a risk of market repricing if returns on AI investments fail to materialize. He highlights regulatory and integration challenges slowing AI adoption in most sectors, with data showing profit margins for non-tech firms lagging behind tech giants like the Magnificent Seven.