Apollo economist says AI spending has yet to pay off beyond tech

First reported by Tom's Hardware at · Updated · 8 sources

Torsten Slok, chief economist at Apollo Global Management, said heavy corporate investment in artificial intelligence has not translated into financial returns outside the technology sector so far. Only technology companies are seeing growth from the AI boom, according to Business Insider's account of Apollo's findings.

  • Profit margins outside the Magnificent Seven remain flat, according to Implicator.ai.

Covered by 8 publishers within 26 hours of the first report.

Reporting8

Tom's Hardware Big Tech is cashing in on AI while the rest of corporate America sees no financial returns · Newton Gitonga
Business Insider Apollo says AI has delivered 'zero financial payoff' outside the tech industry · Truman Dickerson
TechCrunch AI delivers ‘zero financial payoff’ to most companies, Apollo economist says · Anthony Ha
PYMNTS Apollo Says AI Has Shown ‘Zero’ Payoff Outside Tech · PYMNTS
Implicator.ai AI's Payoff Skips Corporate America Beyond Big Tech · Marcus Schuler
The Next Web Apollo’s Slok says US companies now treat AI spending as a cost, not growth · Cristian Dina
TechRadar Top economist warns AI is giving ‘zero financial payoff’ to many firms - and warns 'mainstream corporate America is pulling back' on AI spending · Mike Moore
Fortune AI’s boost to the U.S. economy is nearing its peak, Goldman says, as Apollo finds ‘zero financial payoff’ outside Big Tech · Nick Lichtenberg

Discussion

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