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via seekingalpha.comEconomy

Apollo's Slok says AI has delivered 'zero payoff' outside tech

FROM THE WIRE · SEEKINGALPHA.COM

[AI. technology smart robot science and artificial intelligence technology, and innovation futuristic and global connection for providing access to information and data online network.] Rafmaster/iStock via Getty Images Artificial intelligence has yet to translate into…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralA macro view on AI's effect on productivity and margins can weigh on expectations for non-tech companies.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Apollo Chief Economist Torsten Slok says AI has delivered no financial payoff outside tech.
  2. 02Revenue per worker is rising for the Mag 7 but is flat for the S&P 493.
  3. 03Profit margins show a similar divergence, with little evidence of higher productivity growth.

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