Apollo Economist Says AI Provides Zero Payoff
AI investments have yielded no returns for most of corporate America, according to Apollo Global Management Inc. Chief Economist Torsten Slok. This lack of payoff may have significant implications for businesses outside the tech sector.
Original reporting · bloomberg.com
Original: “AI Provides ‘Zero Payoff’ to S&P 493 Outside Tech, Apollo Economist Says”
Read “AI Provides ‘Zero Payoff’ to S&P 493 Outside Tech, Apollo Economist Says” at Bloomberg Technology →How this was written. GMS Agency Desk wrote this article with a language model from Bloomberg Technology’s reporting (model: @cf/meta/llama-3.3-70b-instruct-fp8-fast); it describes that reporting rather than adding to it. The original, linked above, is the full story.
Key points from Bloomberg Technology’s report
- Apollo Global Management Inc. Chief Economist Torsten Slok says AI has provided 'zero payoff' to corporate America outside the tech sector.
- Significant investments in AI have not yielded returns for many companies outside the technology industry.
- Businesses may need to reevaluate their AI strategies and resource allocation to maximize potential benefits.
Apollo Global Management Inc. Chief Economist Torsten Slok stated that artificial intelligence has provided 'zero payoff' to corporate America outside of the technology sector. This assessment may raise concerns about the effectiveness of AI investments for companies in other industries.
Despite significant investments in AI, many companies outside the tech sector have yet to see tangible benefits from this technology. The lack of payoff from AI investments may lead businesses to reevaluate their strategies and allocate resources more efficiently.
The statement by Torsten Slok highlights the challenges faced by companies attempting to leverage AI for growth and innovation. As businesses continue to navigate the complexities of AI adoption, they may need to reassess their expectations and approaches to maximize potential returns. This article is based on reporting by Bloomberg Technology.
Questions and answers
What has been the payoff from AI investments for corporate America outside the tech sector?
According to Apollo Global Management Inc. Chief Economist Torsten Slok, AI has provided 'zero payoff' to corporate America outside of the technology sector.
Why is the lack of payoff from AI investments significant?
The lack of payoff may lead businesses to reevaluate their strategies and allocate resources more efficiently, and may have significant implications for businesses outside the tech sector.
