Yhn BusinessLabor first seen 2 d ago, last 1 h ago, peak #1
Apollo economists say AI has brought no financial gains outside tech
Original: Apollo says AI has delivered 'zero financial payoff' outside the tech industry
Apollo's economists argue that, despite heavy corporate investment in artificial intelligence, the technology has so far produced essentially no measurable financial returns for companies outside the tech sector. The analysis, picked up by Business Insider, is fueling debate about whether the AI spending boom will ever pay off for ordinary businesses or is being sustained by hype.
Why now: It challenges the prevailing narrative of AI-driven productivity gains at a time of record corporate AI spending.
Apollo Global ManagementBusiness Insider
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