Markets·October 25, 2026 at 5:28 AM EDT·3 sources
AI Provides ‘Zero Payoff’ to S&P 493 Outside Tech, Apollo Economist Says
APO -1.7%
APO · last 30 trading days-1.7% since the news
News
What happened
- Apollo Chief Economist Torsten Slok said artificial intelligence has provided “zero payoff” to corporate America outside technology.
- Apollo said only technology companies are seeing growth from the AI boom, despite significant AI investment.
Why it matters
The assessment matters to markets, private equity and corporate-finance professionals evaluating AI investment returns and adoption outside the technology sector.
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Timeline
- EarlierOct 20Apollo Global Management, Inc.: Executive or director change
- EarlierOct 21Apollo, Blackstone Have NFL Aspirations, Seek Approval to Buy Stakes in Teams
- First reported by Bloomberg9hAI Provides ‘Zero Payoff’ to S&P 493 Outside Tech, Apollo Economist Says
- Business Insider reports3hApollo says AI has delivered 'zero financial payoff' outside the tech industry
- TechCrunch reports2hAI delivers ‘zero financial payoff’ to most companies, according to Apollo economist
Who is involved
AI Provides ‘Zero Payoff’ to S&P 493 Outside Tech, Apollo Eco…Apollo Global Management Inc.APOTorsten Slok
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Sources (3)
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