CHIEF ECONOMIST APOLLO: EXCEPT FOR THE SEVEN GIANTS OF TECHNOLOGY, AI HASN'T MADE REAL MONEY FOR AMERICAN COMPANIES

On October 26, according to TechCrunch, the chief economist of the private capital Apollo Global Management has recently published a study that points to the fact that there is no big deal outside the technology industryenterprisefrom AI It's a real profit gain。

1AI noted that Torsten Slok of Apollo focused on what he described as the 493 indexing unit, i.e., the 500 for the company that was left behind after the seven giants of technology, Alphabet, Amazon, Apple, Meta, Microsoft, Inverda and Tesla. The data show that the profitability and per capita earnings of the enterprises were almost equal and there was no evidence that AI had improved their productivity。

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SLOCK WROTE, "ALTHOUGH AI IS HEAVILY INVESTED IN PROPAGANDAThe United StatesIn the case of enterprises, outside the science and technology industry, this technology has not produced any financial returns.”

Is it just that non-technology firms are lagging behind technology giants? Slocum is skeptical. In his view, it was difficult for common United States firms to translate increasingly cheap smart calculations into higher rates of increase and profitability。

"AI MAY BE A POWERFUL CALCULATOR, BUT THE INTELLIGENCE THAT IS NEEDED IN BUSINESS IS MOSTLY JUDGMENT." HE ADDED: “AI DOES NOT UNDERSTAND RESPONSIBILITIES, TRUST, BUSINESS CULTURE, SUB-RULES, ETHICAL TRADE-OFFS AND FAIRNESS, WHICH DETERMINE REPUTATIONAL RISKS AND ULTIMATELY INFLUENCE THE GROWTH AND PROFITABILITY OF PROFITS.”

THERE HAVE ALSO BEEN SEVERAL RECENT STUDIES THAT HAVE COME TO SIMILAR CONCLUSIONS: AI HAS NOT YET PRODUCED SIGNIFICANT PRODUCTIVITY GAINS。

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