Tech

AI delivers ‘zero financial payoff’ to most companies, Apollo economist says

TechCrunch·Oct 25, 2026 · 11:57 AM CT
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Apollo Global Management chief economist Torsten Slok says AI has delivered "zero financial payoff" to corporate America outside the tech giants. Looking at the S&P 500 minus Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla, he found flat profit margins and revenue per worker, with no evidence AI is lifting productivity yet.

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