Apollo Economist Reports No AI Profit Gains for Non-Tech Firms in Corporate America
- Published
- Source
- AIInsider
According to Torsten Slok, chief economist at Apollo Global Management, artificial intelligence has not enhanced profitability for major corporations outside the tech sector. His analysis of the S&P 493, which excludes major tech companies, revealed stagnant profit margins and revenue per worker, indicating that AI has not improved productivity for these firms.
This finding is significant as it suggests that despite substantial investments in AI and the surrounding hype, non-tech companies in the U.S. have not seen financial benefits. Slok expressed skepticism about the ability of these firms to leverage AI for revenue growth, emphasizing that business intelligence relies heavily on human judgment rather than just technological capabilities.
Apollo's analysis highlights the ongoing challenges for non-tech companies in integrating AI effectively. No further timeline was disclosed at the time of publication regarding potential changes in this trend or future AI implementations in these sectors.
Original report
Apollo Economist Finds No AI Profit Boost for Corporate America Outside Big Tech
AIInsider · James DarganThis briefing is an independently written summary based on publicly available reporting and is provided for industry information and news discovery. The original report and source publication are credited and linked where applicable. RobotToday does not claim ownership of third-party source material.
Rights concerns? Contact [email protected] with the relevant URL and details. We will review the matter and take appropriate action where warranted.
More related news
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
Related Suppliers
AiTrax
Japan
Japanese AI/IoT solutions firm building resilient wide-area mesh wireless networks and edge-AI sensor systems.
Bowery Farming
United States
Indoor vertical farming company using AI and robotics automation — ceased operations 2024
Mitsubishi Electric Research Laboratories
United States
MERL is Mitsubishi Electric's North American corporate R&D lab, conducting applied research in robotics, AI, computer vision, and control systems.
DeSHAZO
United States
Bessemer, Alabama overhead-crane and automation manufacturer founded 1972; builds custom cranes and robotic systems for U.S. industrial plants.
Clevertech S.p.A.
Italy
Italian packaging automation manufacturer founded in 1987, specializing in front-, center- and end-of-line systems for food & beverage and consumer goods.
Cosberg S.p.A.
Italy
Terno d'Isola, Italy assembly-automation builder founded 1982 by the Viscardi family; runs a second Italian plant plus branches in France, Slovenia and Brazil.
Shenyang Institute of Automation, Chinese Academy of Sciences (SIA) 中国科学院沈阳自动化研究所
China
CAS robotics institute founded in 1958 that incubated SIASUN; its space automation lab supplies mechanisms and robots for the space station and Chang'e.
COVE (Centre for Ocean Ventures & Entrepreneurship)
Canada
Halifax Harbour non-profit ocean-tech hub with a marine terminal, the Stella Maris subsea test bed and DRDC trials for USVs, UUVs and sensors.
Beijing Institute for General Artificial Intelligence 北京通用人工智能研究院
China
Beijing non-profit AGI institute led by Zhu Songchun whose embodied-AI stack includes the TongBrain robot brain and the open-source TongSIM simulator.
Shanghai Artificial Intelligence Laboratory 上海人工智能实验室
China
Shanghai-based national AI research institute founded 2020; develops the InternLM model family and the Intern-Robotics embodied-AI engine.
IDTechEx
United Kingdom
Cambridge-based analyst firm publishing market research and forecasts on robotics, EVs, sensors and other emerging technologies.
Lowpad BV
Netherlands
Dutch maker of low-profile underride AMRs (Lowpad F/S/X/M) and the Lowpad Suite software, deployed at GXO, Home Bargains, Arla and DHL sites
Robotics needs a service framework.
RSF defines a common language for robot service capability, lifecycle operations, certification pathways, and service-provider networks.
Join the RobotToday community on LinkedIn
Daily robotics news, in-depth analysis, conference highlights, and discussions with professionals worldwide.
