"Despite massive investments and widespread hype around artificial intelligence, the technology has delivered zero financial payoff to corporate America outside of tech."
AI delivers ‘zero financial payoff’ to most companies, Apollo economist says
TE TechCrunch 
Key takeaways
An Apollo economist claims AI has not improved financial performance for non-tech companies.
- AI's impact on profit margins and productivity is unclear for non-tech firms.
- S&P 493 data shows flat performance despite AI investments.
- Slok argues AI lacks judgment and understanding of business culture.
Summarised automatically by AI from the original article by TechCrunch. AI can make mistakes, so check the original for details.
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- Anthony Ha
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- AI
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- 215 words · about 1 min read
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- TechCrunch AI delivers ‘zero financial payoff’ to most companies, Apollo economist says (this story)
