Apollo Says AI Has Shown ‘Zero’ Payoff Outside Tech
By PYMNTS
AI summary of the source article
Apollo Global Management Chief Economist Torsten Slok stated in an Oct. 24 note that heavy corporate investments in artificial intelligence over recent years have yielded little result and zero financial payoff so far.
Key facts
- Corporate America has invested heavily in artificial intelligence over the last few years.
- Apollo Global Management Chief Economist Torsten Slok reported that artificial intelligence has yielded zero financial payoff despite massive investments.
- Slok shared these observations in a note published on Saturday (Oct. 24).
Source excerpt · PYMNTS
Corporate America has invested heavily in artificial intelligence in the last few years. So far, these efforts haven’t yielded much in the way of results, Apollo Global Management Chief Economist Torsten Slok wrote in a note Saturday (Oct. 24). “Despite massive investments and widespread hype around artificial intelligence, the technology has delivered zero financial payoff to […] The post Apollo…