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Apollo: AI shows no return for the 493 non-tech S&P 500 companies

TechnologyInternationalEl Ecosistema Startup35 s readAI summary
Image: El Ecosistema Startup

Apollo Global Management chief economist Torsten Slok reviewed the accounts of the 493 non-tech companies in the S&P 500 and found no sign that AI is improving their margins or revenue per worker. According to Bloomberg, revenue per worker is rising in the Magnificent Seven but flat in the so-called S&P 493. Slok also notes that token spending is starting to be seen as a cost center pressuring margins.

In 35 seconds

  • Slok found no improvement in margins or revenue per worker at the 493 non-tech S&P 500 companies.
  • Revenue per worker is rising in the Magnificent Seven and flat in the S&P 493, according to Bloomberg.
  • Token spending is starting to be treated as a cost center rather than a growth source, per Slok.
Read the full story at El Ecosistema Startup

IASummary generated by artificial intelligence from a story by El Ecosistema Startup. It may contain errors: the original source prevails.

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