Unverified50% confidenceOpinionExact time
Apollo Global Management chief economist Torsten Slok believes that companies outside the US tech industry see almost no financial return on AI, and that AI is a cost center that hurts profit margins.
1
Sources
50%
Confidence
Medium-term (~90 days)
Relevance
10/30/2026
First Seen
Valid until: 1/28/2027
Sources
Related Entities
Related Claims
UnverifiedApollo's analysis points out that, judging from macroeconomic and corporate earnings data, the productivity gains and revenue growth brought by AI are highly concentrated in a small number of tech companies, and there is currently no sign of AI delivering quantifiable returns outside the tech sector.79% similarUnverifiedThe return on investment in the AI industry remains uncertain, but the costs of power infrastructure have already landed squarely on ordinary households' bills; if AI commercialization progresses slower than expected, the price of a bubble bursting will be borne by both investors and consumers.76% similar
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