Ai's limited impact on non-tech sectors, according to apollo economist

Apollo Global Management Inc. Chief Economist Torsten Slok has stated that artificial intelligence has delivered 'zero payoff' to corporate America beyond the technology sector. Despite substantial investments in AI, Slok argues that the technology has not translated into significant returns for non-tech industries. The claim comes amid ongoing discussions about the broader economic impact of AI adoption. Slok's remarks highlight concerns about the limited applicability of AI in sectors outside of technology, raising questions about the return on investment for companies that have heavily invested in AI initiatives. The economist's analysis underscores the need for a more nuanced understanding of how AI can be effectively leveraged across different industries. As the debate continues, the focus remains on identifying sectors where AI can deliver measurable value beyond the tech industry.