✉news TechnologyAI first seen 5 d ago, last 5 d ago, peak #1
Apollo economist says AI gives most companies zero financial payoff
Original: AI delivers ‘zero financial payoff’ to most companies, Apollo economist says
Torsten Slok, chief economist at Apollo Global Management, says artificial intelligence has delivered 'zero financial payoff' to most companies so far, despite the massive wave of corporate investment in the technology. The remarks add to a growing debate over whether today's AI spending boom will produce returns comparable to earlier technology revolutions, or echo the excesses of the 1990s dot-com bubble.
Why now: Investors and executives are anxiously weighing whether heavy AI spending will ever generate real profits.
Apollo Global ManagementTorsten SlokTechCrunch
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