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Apollo economist finds AI adds no profit for non-tech firms
What is AI delivers 'zero financial payoff' to most companies, Apollo economist says?
A note from Apollo Global Management’s chief economist examines the S&P 493, the S&P 500 minus the big tech names, and finds profit margins and revenue per employee flat despite AI spending. The analysis says AI has not improved productivity or earnings for most corporations outside the tech sector.
Who it is for
Investors, CEOs, and product leaders should scrutinize AI budgets and demand clear financial returns before scaling projects.