Apollo economist says AI delivers 'zero financial payoff' outside tech

· Tech · United States

Apollo Global Management's chief economist said artificial intelligence has delivered "zero financial payoff" to corporate America outside the tech industry, despite massive investment and widespread hype. Coverage of the remarks highlighted a widening divide: revenue per employee at the Magnificent Seven has outpaced the rest of the S&P 500, with gains concentrated among the largest technology companies while the broader corporate sector sees little measurable return so far.

Why it matters：If returns stay concentrated in tech, the case for the broader AI capex boom weakens and enterprise software vendors could face harder questions on pricing and ROI.

Key points

  • The assessment came from Apollo Global Management's chief economist.
  • Revenue per employee at the Magnificent Seven has outpaced the S&P 493.

Sources (original reporting)

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