Apollo says AI has delivered 'zero financial payoff' outside the tech industry
Summary
Apollo Global Management argues that AI benefits are concentrated in the tech sector, with non-tech industries not yet sharing in revenue, margins, or productivity gains. The analysis suggests mainstream corporate America views AI spending as a cost rather than a growth driver, highlighting diverging metrics between tech and non-tech firms. The piece hints at a potential broader economic risk if AI-driven gains fail to materialize outside technology.