Apollo’s Slok says US companies now treat AI spending as a cost, not growth

Artificial intelligence has delivered “zero financial payoff” to corporate America outside the tech sector. That is the finding of Torsten Slok, chief economist at Apollo Global Management, in a note on Saturday. Slok compared the Magnificent Seven, the biggest US tech companies, with the other 493 companies in the S&P 500. Revenue per worker and […] This story continues at The Next Web

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