AI Boom: Only Magnificent Seven Profit

🔥 What happened Apollo chief economist Torsten Slok finds that only the "Magnificent Seven" — Microsoft, Nvidia, Tesla and co. — actually profit from AI. Across the rest of the S&P 493, revenue and margins stayed flat despite massive AI spending. 💡 Why it matters Tech giants' margins climbed to roughly 30 percent, up from about a third of that before 2020. Meanwhile token costs are exploding: a third of German firms were blindsided by high AI bills, and model-routing startups are already emerging to cut the waste. ⚡ Our take For most companies AI isn't a growth engine — it's a bill. If you're not routing tasks to the cheapest capable model, you're burning margin on a tool that gives you nothing back.