AI delivers ‘zero financial payoff’ to most companies, Apollo economist says
Summary
Artificial intelligence has failed to generate any financial returns for the vast majority of American companies. According to an economist at Apollo, the monetary benefits of the technology remain restricted exclusively to the tech sector despite heavy corporate spending and widespread market enthusiasm.
"Despite massive investments and widespread hype around artificial intelligence, the technology has delivered zero financial payoff to corporate America outside of tech."
Source: Read the full story at TechCrunch
Disclaimer: This content is for informational and educational purposes only and is not financial, investment or trading advice. Tech & Money Press is not a registered investment adviser or broker-dealer. Trading stocks, options and crypto involves substantial risk, including the loss of your entire investment. Do your own research and consult a licensed professional before making any financial decision. The authors may hold positions in the securities mentioned. News summaries are written with AI assistance from the original publisher's report and may contain errors; always check the original source. Full disclaimer.