Most Companies See No Financial Gain From AI, Economist Says
An economist at Apollo says AI has delivered zero financial payoff to most companies so far. The claim challenges the idea that the huge spending on AI is already paying off. For workers and investors, it raises questions about whether the AI boom will last.
Quick glossaryApollo, financial payoff
- Apollo
- The firm named in the story, whose economist made the claim; the story gives no further detail about the company itself.
- financial payoff
- The money a company earns back as a reward for spending on something, such as a new tool or technology.
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