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TechCrunch · October 26, 2026 · On the brief until November 9, 2026

AI delivers ‘zero financial payoff’ to most companies, Apollo economist says

EconomicsFinance
THE AI ANGLE
Failing to boost corporate profit margins or worker productivity

Apollo chief economist Torsten Slok found that artificial intelligence has produced zero financial payoff for S&P 500 firms outside the seven largest tech companies. Profit margins and revenue per worker remain flat across these businesses despite heavy spending on the software. These findings challenge assumptions that adopting automated tools directly boosts corporate productivity.

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THE TEACHING ANGLE
Students can examine whether software tools can raise corporate margins when business success depends on human judgment and accountability.

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