Mmastodon BusinessEconomy first seen 8 d ago, last 8 d ago, peak #6

Apollo economist says AI has brought no payoff outside tech

Original: Apollo chief economist Torsten Slok says AI has delivered "zero financial payoff" to corporate America outside tech. Acr

Torsten Slok, chief economist at Apollo, argues that artificial intelligence has so far delivered no measurable financial benefit to corporate America beyond the technology sector. Examining the S&P 493 — the S&P 500 excluding the seven largest tech firms — he finds profit margins and revenue per employee essentially flat. Slok also contends that most business intelligence still depends on human judgment, a striking challenge to widespread claims that AI is already transforming company performance.

Why now: The claim directly challenges the dominant narrative that AI is boosting corporate profits and productivity across the economy.

Torsten SlokApolloS&P 500

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Evidence

• Apollo chief economist Torsten Slok says AI has delivered "zero financial payoff" to corporate America outside tech. Across the S&P 493 (S&P 500 minus 7 tech giants), profit margins and revenue per worker look flat. He argues business intelligence is mostly judgment. # AI #… · spookyd

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