Apollo chief economist says there's ‘zero evidence’ AI is killing jobs—in fact, he says it's creating them

Torsten Sløk, chief economist at Apollo Global Management, argues that there is "zero evidence" of job losses due to AI, stating that AI spending is actually boosting employment and inflation. He believes AI creates more demand and work for humans, particularly for those with AI skills. While companies like Block, Klarna, and Amazon have attributed layoffs to AI for efficiency gains, Sløk suggests this aligns with the Jevons paradox where cheaper technology increases overall demand.