Apollo economist says AI has delivered zero financial payoff to non‑tech firms
Torsten Slok finds profit margins flat for S&P 493 firms, questioning AI’s impact on corporate productivity.
Torsten Slok, chief economist at Apollo Global Management, released a note on October 25, 2026 analyzing the S&P 493 – the S&P 500 without the six biggest tech firms.
His data shows profit margins and revenue per worker for these companies remain flat, with no clear sign that AI has boosted productivity.
Slok argues that despite large investments, AI has not translated into higher revenue growth or profit margins for most corporations outside the tech sector.
He adds that AI lacks understanding of accountability, trust, culture, and ethical trade‑offs, factors he says drive reputational risk and financial performance.
The findings contrast with the hype surrounding AI and suggest that non‑tech firms may lag behind the tech giants in realizing AI benefits.
Cosa significa per te
For AI users, the report highlights that large‑scale AI deployments may not guarantee financial gains, prompting a focus on niche or efficiency‑driven applications. Free and locally run models, such as top‑ranked Kimi K3 or GLM‑5.3, remain valuable for organizations seeking cost‑effective, controllable AI without relying on expensive enterprise solutions.
Su FreeLLMArena
Dalle nostre classifiche del 31 ott 2026, basate sui voti ciechi di Arena:
- Kimi K3 (Max): #1 tra i modelli chat gratuiti
Fonti
- AI delivers ‘zero financial payoff’ to most companies, Apollo economist says, TechCrunch, 25 Oct 2026
Scritto automaticamente dalle fonti sopra, poi controllato dal nostro codice: ogni numero e nome deve comparire, e nessuna frase può copiare una fonte. Hai trovato un errore? Segnalalo.
Quale AI puoi usare gratis oggi?
Tutti i modelli AI gratuiti, classificati da voti umani anonimi, con la memoria e la velocità necessarie sulla tua GPU.