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Apollo chief economist Slok says AI has delivered 'zero financial payoff' outside tech
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Apollo Global Management's chief economist Torsten Slok has stated that artificial intelligence has delivered "zero financial payoff" for companies outside the technology sector. According to multiple reports citing Apollo's analysis, while Big Tech firms are cashing in on AI, the rest of corporate America has seen no financial returns. The reports also outline how rising token costs threaten to squeeze corporate profit margins. The assessment suggests a stark divide in AI's economic impact, with benefits concentrated in the tech industry while broader corporate adoption has yet to translate into measurable financial gains.
Source report
Source: Business Insider
Apollo Global Management's chief economist, Torsten Slok, says artificial intelligence has delivered "zero financial payoff" outside of the tech sector, according to multiple reports.
Key Points
- Apollo says AI has produced no measurable financial returns for companies outside the technology industry.
- The finding was highlighted in Apollo's "The Daily Spark" commentary, which noted "no signs of AI payoff outside the tech sector."
- Slok's assessment was widely covered, with Bloomberg reporting that AI has delivered "zero payoff outside of tech."
- TechCrunch characterized the finding as AI delivering "zero financial payoff" to most companies.
- According to a report covered by Tom's Hardware, Big Tech is cashing in on AI while the rest of corporate America sees no financial returns — with rising token costs threatening to squeeze corporate profit margins.
Sources
- Business Insider
- Apollo Global Management ("The Daily Spark")
- Bloomberg.com
- TechCrunch
- Tom's Hardware
Source
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