Apollo report: 98% of S&P 500 companies see no profitability from AI
A report by investment firm Apollo, prepared by its chief economist Torsten Slok, says AI has not delivered tangible financial returns to S&P 500 companies outside the technology sphere. While revenue per employee and margins rise at the Magnificent Seven, both metrics remain stagnant in the S&P 493. The analysis adds that there are no measurable records of AI boosting overall productivity in the United States and that token spending is becoming an operating cost.
In 35 seconds
- Apollo argues AI has not generated tangible financial returns outside the S&P 500's tech sector
- Revenue per employee and margins rise at the Magnificent Seven and remain stagnant in the S&P 493
- The report finds no measurable records of AI boosting overall US productivity
Read the full story at Geeknetic
IASummary generated by artificial intelligence from a story by Geeknetic. It may contain errors: the original source prevails.
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