AI delivers ‘zero financial payoff’ to most companies, Apollo economist says

Apollo Global Management's chief economist Torsten Slok reports that AI has not improved profit margins or revenue per worker for major non-tech companies in the S&P 493. Despite large investments, AI has yet to translate into financial gains outside the tech sector, with challenges in applying AI to business judgment and cultural factors. Recent studies also support the finding that AI's productivity impact remains limited beyond technology firms.