Apollo 首席经济学家称 AI 对多数企业未带来财务回报
AI delivers ‘zero financial payoff’ to most companies, Apollo economist says
Apollo Global Management 首席经济学家 Torsten Slok 在报告中称，剔除 Alphabet、Amazon、Apple、Meta、Microsoft、Nvidia 和 Tesla 后的 S&P 493 公司利润率和人均营收基本持平，没有证据显示 AI 提升了生产率。他表示，尽管 AI 投资巨大且热度很高，这项技术对科技行业以外的美国企业带来了零财务回报。Slok 认为企业很难把日益廉价的智能转化为更高的营收增长和利润率，并称 AI 或许是很强的计算器，但商业中的智能更多是判断力。
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AI hasn’t benefited the bottom line of any big corporations outside the tech industry, according to a note recently published by the chief economist at Apollo Global Management (the private equity giant that used to own TechCrunch).
Apollo’s Torsten Slok focuses on what he calls the S&P 493 — the S&P 500, minus Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla — finding that profit margins and revenue per worker appear to be flat, with no evidence that AI is improving productivity.
“Despite massive investments and widespread hype around artificial intelligence, the technology has delivered zero financial payoff to corporate America outside of tech,” Slok said.
Is this simply a matter of non-tech companies lagging behind the tech giants? Slok sounded skeptical, arguing that it will be tough for corporate America to “turn increasingly cheap intelligence into higher revenue growth and higher profit margins.”
“AI may be a great calculator, but in business, intelligence is mostly judgment,” he wrote, later adding, “AI does not understand accountability, trust, culture, unwritten rules, ethical trade-offs or fairness, all of which shape reputational risk and ultimately drive revenue growth and profit margins.”
Recent studies have also found that AI has yet to deliver significant productivity gains .