AI Provides ‘Zero Payoff’ to S&P 493 Outside Tech, Apollo Economist Says
· Business · Bloomberg, TechCrunch, Indian Express
Artificial intelligence investments have delivered zero financial payoff for the 493 companies in the S&P 500 outside the technology sector, according to Apollo Global Management chief economist Torsten Sløk. The assessment highlights a stark divergence in returns between major tech firms and the broader corporate landscape. The report notes that productivity gains and revenue impacts from AI remain largely concentrated in a handful of technology giants. Broader market sectors have yet to see measurable financial returns despite heavy capital expenditures on AI integration. Financial analysts continue to debate the timeline and viability of wider commercial adoption across traditional industries.
Why it matters
Investors and corporate executives across non-tech sectors face mounting pressure to justify heavy capital expenditure on artificial intelligence amid unproven financial returns.
Read the original report — Bloomberg
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