Skip to content
K = 0.731

Apollo Economist Argues AI Has Delivered No Financial Payoff Outside Tech

1 reports 1 reporting sources 1 hours agoNew

Understand the event

AI overview

Apollo Global Management chief economist Torsten Slok argued that AI has delivered “zero financial payoff” to corporate America outside tech, citing apparently flat profit margins and revenue per worker in his analysis of the S&P 493, which excludes seven tech giants from the S&P 500. Slok questioned whether increasingly cheap intelligence can generate revenue growth and higher margins. He argued that business judgment depends on accountability, trust, culture and other factors that AI does not understand.

Generated by AI from reports · Updated 1 hours ago

Latest development10/26 00:57 (UTC+8)
AI delivers ‘zero financial payoff’ to most companies, Apollo economist saysTechCrunch · AI

Read next

More changes in today’s briefingMoonshot launches Kimi K3.1 Pro with weights promised November 4 and faster Highspeed API

Report timeline

Follow the reports to explore different sides of the event.

10/26
  1. TechCrunch · AI
    AI delivers ‘zero financial payoff’ to most companies, Apollo economist says

    Apollo Global Management chief economist Torsten Slok argues that AI has delivered no financial payoff to corporate America outside tech. His analysis of the S&P 493, which excludes seven tech giants from the S&P 500, finds apparently flat profit margins and revenue per worker. Slok questions whether increasingly cheap intelligence can drive revenue growth and higher margins, arguing that business judgment depends on accountability, trust, culture and other factors AI does not understand.

Keep up with AI, one email a day

Model releases, price changes and compute developments, with original sources. Free, confirmed by email, and easy to unsubscribe. Read a past issue

Event heat trend

There is not enough continuous observation data to plot a trend yet.