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

The short version

AI has not generated financial returns for most companies outside the tech sector, according to Apollo's economist.

Key takeaways

• Corporate profit margins remain flat despite AI investments.
• Non-tech companies lag behind in realizing AI's benefits.
• AI fails to enhance productivity in many sectors.

Overall sentiment

The article highlights a lack of financial benefits from AI investments, indicating disappointment.

AI classification of the article’s tone. Evidence supports claims of AI failing to deliver financial returns for non-tech companies.

Sources cited by the article

• a note ↗
• found that AI has yet to deliver significant productivity gains ↗
• Apollo Global Management ↗
• AI ↗
• Register Now ↗
• Anthony Ha ↗
• Carol Yepes (opens in a new window) ↗
• The AI graveyard: a running list of projects and startups that didn’t make it ↗
• Will AI expose the rickety infrastructure of the internet? ↗
• Kirsten Korosec ↗
• The hottest AI wearables and gadgets you should know about ↗
• Terms ↗
• See More ↗
• Transportation ↗
• TechCrunch Mobility: Blue-green is the color of autonomy ↗
• Privacy Notice ↗
• Security ↗

These references were linked or listed by the publisher, then selected for relevance. They are distinct from our original-source citation.