Apollo: AI Only Enriched Tech Companies, Other Industries Were Dragged Down Instead
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Apollo Chief Economist Torsten Slok pointed out that, outside the tech industry, AI has not brought financial returns to American companies, and mainstream enterprises are now treating token spending as a cost center that drags down profit margins. Since 2022, revenue per employee at tech companies has risen from $550,000 to nearly $800,000, with profit margins climbing sharply; at other S&P 500 companies, revenue per employee has hovered around $550,000 for seven years, with profit margins stagnating near 10%.
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“美国主流企业正在减少投入，并开始将Token支出视为拖累利润率的成本中心，而非增长来源。除了科技行业之外，这项技术并未给美国企业带来任何财务回报。”阿波罗合伙人兼首席经济学家托斯滕·斯洛克(Torsten Slok)在报告中表示。
斯洛克通过一系列图表，分析了三项主要指标：人均营收、利润率和生产率增长。这些指标对科技公司而言大幅飙升，但对普通公司却并非如此。
自2022年以来，科技公司的人均营收飙升，从55万美元增至目前的近80万美元。与此同时，标普500指数中其他公司的这一指标变化不大，过去七年一直徘徊在55万美元左右。
同样地，自2022年以来，科技公司的利润率大幅攀升，而其他公司的利润率则停滞不前，维持在10%左右。