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

By PulseAugur Editorial · [2 sources] ·

Artificial intelligence has not yet provided a significant financial return for most of corporate America, according to Torsten Slok, chief economist at Apollo.io. An analysis of the S&P 500, excluding the largest tech companies, revealed flat profit margins and revenue per worker. Slok posits that while AI offers cheap intelligence, it lacks the crucial elements of judgment, trust, and accountability necessary for true business value. AI

IMPACT Suggests that widespread AI adoption has not yet translated into tangible financial gains for most businesses outside the tech sector.

RANK_REASON Economist's opinion piece on AI's financial impact.

Read on Mastodon — mastodon.social →

AI-generated summary · Google Gemini · from 2 sources. How we write summaries →

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

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Economist's opinion piece on AI's financial impact.
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COVERAGE [2]

  1. Mastodon — mastodon.social TIER_1 English(EN) · [email protected] ·

    Apollo's chief economist Torsten Slok says AI has delivered "zero financial payoff" to corporate America outside tech. His analysis of the S&P 493, the S&P 500

    Apollo's chief economist Torsten Slok says AI has delivered "zero financial payoff" to corporate America outside tech. His analysis of the S&P 493, the S&P 500 minus the seven biggest tech names, shows flat profit margins and revenue per worker. He argues cheap intelligence is no…

    LINKS techcrunch.com/…/ai-delivers-zero-financi…
  2. Mastodon — mastodon.social TIER_1 English(EN) · spookyd ·

    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 gi

    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 # Econo…

    LINKS techcrunch.com/…/ai-delivers-zero-financi…

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