AI Delivers ‘Zero Financial Payoff’ to Most Companies, Says Apollo Economist
Artificial intelligence has yet to deliver substantial financial returns for the majority of corporate America. This assessment comes from Torsten Slok, Chief Economist at Apollo Global Management, who recently published an analysis challenging the widespread perception of AI’s immediate economic impact. Slok’s findings indicate a significant disparity in AI’s benefits, with the gains largely concentrated within a select group of technology giants, leaving other sectors with minimal tangible payoff.
Continue Reading