AI Delivers ‘Zero Financial Payoff’ to Most Companies, According to Apollo Economist
Apollo says AI has lifted revenue and margins for tech giants, while the S&P 493 shows flat productivity and little financial payoff.
6 Articles
6 Articles
AI delivers ‘zero financial payoff’ to most companies, according to Apollo economist
"Despite massive investments and widespread hype around artificial intelligence, the technology has delivered zero financial payoff to corporate America outside of tech."
Billions of dollars invested and, for most American companies, the AI has not offered any visible results. That is the thesis of Torsten Slok, chief economist of the Apollo Global Management group, who claims that artificial intelligence (IA) has delivered "zero return" to the U.S. corporate economy outside of its own ... Continue reading "Wall Street Chief Economist indicates that the AI has given "zero weight" of profits to U.S. companies"
Big Tech is cashing in on AI while the rest of corporate America sees no financial returns — report outlines how rising token costs threaten to squeeze corporate profit margins
Revenue per employee at the Magnificent Seven has outpaced the S&P 493, and a new comparison highlights the growing divide in fortunes between America’s largest technology companies and the rest of the S&P 500.
Apollo’s Torsten Slok Warns AI Has Delivered ‘Zero Financial Payoff’ Outside Tech — 'AI Story Will Be Decided In The S&P 493, Not The Mag 7'
Slok's data painted a sharp divide between the Magnificent 7 and the other 493 companies in the S&P 500. Revenue per employee has climbed significantly for the Magnificent 7, reaching roughly $780,000 on an inflation-adjusted basis, while revenue per employee for the S&P 493 remains around…
Coverage Details
Bias Distribution
- 34% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
