✉news BusinessStartups first seen 7 d ago, last 6 d ago, peak #28
Apollo economist says AI has yet to boost profits outside Big Tech
Original: Apollo economist says AI has delivered zero profit payoff outside Big Tech
Torsten Slok, chief economist at Apollo Global Management, argues that artificial intelligence has so far produced no measurable improvement in corporate profits outside the largest technology companies. His assessment suggests that while AI investment and hype continue at pace, the productivity and earnings gains remain concentrated in Big Tech, with other sectors yet to see a financial return.
Why now: Investors and businesses are debating whether massive AI spending will ever pay off for companies beyond the tech giants.
Apollo Global ManagementTorsten SlokBig Tech
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