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AI Spending Fails to Deliver Financial Gains for Most U.S. Companies, Says Apollo Economist

AI Spending Fails to Deliver Financial Gains for Most U.S. Companies, Says Apollo Economist

Top Economist Finds That AI Has Provided "Zero Financial Payoff" to Companies Outside Tech
Top Economist Finds That AI Has Provided "Zero Financial Payoff" to Companies Outside Tech

Outside of Big Tech, AI has yet to deliver on any meaningful economic advantages, as Apollo chief economist Torsten Slok argued.

Top economist warns AI is giving ‘zero financial payoff’ to many firms - and warns 'mainstream corporate America is pulling back' on AI spending
Top economist warns AI is giving ‘zero financial payoff’ to many firms - and warns 'mainstream corporate America is pulling back' on AI spending

A top economist has warned that utilizing AI is only helping the world's biggest technology firms - with most of the other large organization's yet to see any significant benefits.Torsten Slok,...

Apollo’s Slok says US companies now treat AI spending as a cost, not growth
Apollo’s Slok says US companies now treat AI spending as a cost, not growth

Artificial intelligence has delivered "zero financial payoff" to corporate America outside the tech sector. That is the finding of Torsten Slok, chief economist at Apollo Global Management, in a...

Apollo: No AI Payoff Outside Big Tech Yet
Apollo: No AI Payoff Outside Big Tech Yet

Apollo's Torsten Slok finds no AI payoff in margins, revenue per worker or productivity outside the Mag 7 as token bills become costs.

Apollo analysis shows no one besides the biggest tech giants is seeing benefits from AI
Apollo analysis shows no one besides the biggest tech giants is seeing benefits from AI

Despite all of the hype and the multiple millions of dollars invested in artificial intelligence, most of corporate America outside of its biggest technology firms is yet to see any financial...

AI delivers ‘zero financial payoff’ to most companies, Apollo economist says
AI delivers ‘zero financial payoff’ to most companies, Apollo economist says

"Despite massive investments and widespread hype around artificial intelligence, the technology has delivered zero financial payoff to corporate America outside of tech."

Apollo: AI has delivered 'zero financial payoff' to corporate America
Apollo: AI has delivered 'zero financial payoff' to corporate America

Only tech companies are seeing growth from the AI boom, Apollo Global Management said.

AI Provides ‘Zero Payoff’ to S&P 493 Outside Tech, Apollo Economist Says
AI Provides ‘Zero Payoff’ to S&P 493 Outside Tech, Apollo Economist Says

Despite the significant investments ploughed into artificial intelligence it has provided "zero payoff" to corporate America outside of technology, according to Apollo Global Management Inc. Chief...

Hunting for AI gains outside Magnificent 7
Hunting for AI gains outside Magnificent 7

Corporate America’s massive AI investments have delivered "zero financial payoff" outside the Magnificent 7, a new Apollo analysis found, intensifying investors’ fears over big AI spending ahead...

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