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Apollo economist says AI delivers no financial payoff for most firms
Original: AI delivers 'zero financial payoff' to most companies, Apollo economist says
Apollo Global Management chief economist Torsten Slok has argued that artificial intelligence is delivering 'zero financial payoff' to the vast majority of companies adopting it, despite massive corporate investment in the technology. The claim, reported by TechCrunch, adds to a growing debate over whether the AI boom's spending will translate into real productivity and profit gains, or mirror past technology bubbles that overpromised returns.
Why now: Ongoing anxiety about whether huge AI investments will ever produce returns is fueling skepticism from prominent economists.
Apollo Global ManagementTorsten SlokTechCrunch
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- AI delivers 'zero financial payoff' to most companies, Apollo economist says · throwoutway · 247
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