AI News
AI delivers 'zero financial payoff' to most companies, Apollo economist says
An economist at Apollo Global Management has reported that artificial intelligence investments have produced no measurable financial returns for most companies outside the tech sector, despite billions in spending and relentless industry hype. While tech giants building and selling AI tools may be profiting, the vast majority of businesses implementing AI aren't seeing bottom-line improvements. This challenges the widespread narrative that every company must immediately adopt AI or risk being left behind. The finding suggests that for most organisations, AI remains an expensive experiment rather than a proven productivity tool. The gap between AI's promised transformation and its actual business impact appears wider than many executives expected. This doesn't mean AI will never deliver value to non-tech companies, but it does indicate that current applications aren't translating into measurable profit gains for the average business. For companies still considering major AI investments, this serves as a reality check: the technology may not be the urgent competitive necessity that vendors and consultants claim.
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