Apollo’s Slok says AI has delivered 'zero payoff' outside tech

[AI. technology smart robot science and artificial intelligence technology, and innovation futuristic and global connection for providing access to information and data online network.] Rafmaster/iStock via Getty Images Artificial intelligence has yet to translate into measurable productivity gains or stronger financial performance for most companies outside the technology sector, Apollo Global Management Chief Economist Torsten Slok said. “Despite massive investments and widespread hype around artificial intelligence, the technology has delivered zero financial payoff to corporate America outside of tech. Revenue per worker is rising for the Mag 7 but is flat for the S&P 493,” Slok wrote in a note published Saturday.