Apollo economist says AI brings no financial return for most companies
What happened
On 26 October 2026, TechCrunch reported that Torsten Slok, chief economist at Apollo Global Management, said in a report that profit margins and revenue per employee at the S&P 493 — the index excluding Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla — have been broadly flat, with no evidence that AI has raised productivity, so most companies are getting zero financial return from AI. This report is the latest development known so far, with no earlier coverage available for comparison.
Written by AI from the reports · updated 2 h ago
Timeline
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- TechCrunch · AIAI delivers ‘zero financial payoff’ to most companies, Apollo economist says
"Despite massive investments and widespread hype around artificial intelligence, the technology has delivered zero financial payoff to corporate America outside of tech."
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