AI’s boost to the U.S. economy is nearing its peak, Goldman says, as Apollo finds ‘zero financial payoff’ outside Big Tech

The supplied reports summarize claims that AI has not improved financial results for large companies outside the technology sector. Apollo economist Torsten Slok cited flat profit margins and revenue per worker among a group of 493 S&P 500 companies.

• Slok’s analysis excludes Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla from the S&P 500 group he examines.· 1 source
• The report says profit margins and revenue per worker among the remaining 493 companies appeared flat, with no evidence of AI improving productivity.· 1 source
• The TechCrunch excerpt identifies Torsten Slok as Apollo Global Management’s chief economist and reports his conclusion that AI had delivered no financial payoff outside tech.· 1 source