Apollo Economist Says AI Has Delivered Little Financial Value to Most Companies

Billions of dollars have poured into artificial‑intelligence projects and the hype surrounding the technology has reshaped corporate roadmaps worldwide. Yet, a recent study by an economist at Apollo Global Management reveals a stark reality: AI has produced virtually no measurable financial upside for the majority of companies outside the tech sector.

The analysis examined spending patterns, revenue reports, and productivity metrics across a broad range of industries, from retail and manufacturing to professional services. While tech giants have begun to monetize AI‑driven products and services, most non‑tech firms report that AI initiatives remain experimental, with limited impact on top‑line growth.

According to the economist, many organizations have adopted AI for promises of operational efficiency, predictive analytics, and cost reduction, but the expected returns have not materialised. “Companies understand AI is a long‑term transformation tool, but current financial metrics show the payoff is still missing,” he explained.

The report highlights that firms using AI primarily for narrow tasks—such as simple automation or basic data analysis—see either negligible or negative return on investment (ROI). In contrast, firms that embed AI deeply into their core products, especially software and cloud providers, have recorded noticeable revenue lifts.

Experts advise businesses to temper expectations, focusing on realistic timelines and aligning AI spend with strategic, rather than purely financial, objectives. Building internal talent, strengthening data infrastructure, and selecting the right use‑cases are cited as essential steps to turn AI from a buzzword into a profit driver.

In summary, AI is not yet the “silver bullet” many hoped for. Companies must invest time, expertise, and disciplined strategy before the technology can deliver the financial gains that investors and executives anticipate.

Source: TechCrunch

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