Outside of Big Tech, AI has yet to deliver on any meaningful economic advantages, as Apollo chief economist Torsten Slok argued.
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 Torsten Slok finds no AI payoff in margins, revenue per worker or productivity outside the Mag 7 as token bills become costs.
According to Slok's Daily Spark note, AI has so far delivered zero financial payoff to corporate America outside of tech, despite the massive amount of money and hype surrounding the latest...
"Despite massive investments and widespread hype around artificial intelligence, the technology has delivered zero financial payoff to corporate America outside of tech."
Only tech companies are seeing growth from the AI boom, Apollo Global Management said.
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...
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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