# AI delivers 'zero financial payoff' to most companies, Apollo economist says

> **Publication**: aitalky (Independent AI Journalism)
> **Canonical Citation URL**: https://aitalky.vercel.app/news/ai-delivers-zero-financial-payoff-to-most-companies-apollo-economist-says
> **Original Source**: [TechCrunch AI](https://techcrunch.com/2026/10/25/ai-delivers-zero-financial-payoff-to-most-companies-according-to-apollo-economist/)
> **Author**: Anthony Ha (undefined)
> **Published Date**: Sunday, October 25, 2026
> **Category**: INDUSTRY
> **Tags**: AI, TechCrunch AI, industry

## Executive Summary
"Despite massive investments and widespread hype around artificial intelligence, the technology has delivered zero financial payoff to corporate America outside of tech."



## Full Coverage
AI hasn't benefited the bottom line of any big corporations outside the tech industry, according to a note recently published by the chief economist at Apollo Global Management (the private equity giant that used to own TechCrunch)

Apollo's Torsten Slok focuses on what he calls the S&P 493 — the S&P 500, minus Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla — finding that profit margins and revenue per worker appear to be flat, with no evidence that AI is improving productivity

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