The AI boom is creating jobs, not destroying them, Apollo says

Apollo Chief Economist Torsten Slok argues that artificial intelligence is generating jobs rather than destroying them, citing strengthened weekly ADP employment data and saying current labor-market indicators show no evidence of AI-driven job losses. The commentary aims to counter fears of widespread layoffs from AI adoption and supports a more constructive backdrop for AI and related tech equities. Markets sensitive to labor and technology narratives could interpret this as a bullish signal for semiconductor and AI-exposed names (including NVDA.OQ), easing downside risk tied to structural unemployment concerns and reinforcing appetite for AI-linked investments.