Apollo analysis says AI delivers "zero financial return" outside the tech industry

Apollo says AI has delivered 'zero financial payoff' outside the tech industry

Apollo Global Management said in an economic analysis published Saturday that AI has brought "zero financial return" to US businesses outside the tech industry. Since 2022, revenue per employee at tech firms has risen from $550,000 to nearly $800,000, while the rest of the S&P 500 has held at about $550,000 for seven years, with margins stuck near 10%.

Why it matters: Apollo compares revenue per employee, margins and productivity between tech and other firms, finding the financial gains of the AI boom have not spread beyond tech.