Apollo's chief economist: Except for the seven tech giants, AI has not yet brought real profit growth to U.S. non-tech companies

Apollo's chief economist, Torsten Slok, points out that U.S. companies excluding the seven tech giants from the S&P 500 have not seen improvements in profit margins or per capita revenue due to AI investment, and no real financial returns from AI have been found. He believes that AI is difficult to transform into the judgment needed by businesses and cannot understand business factors such as responsibility and trust, leading to no increase in production efficiency. Recent studies also show that AI has not significantly increased productivity.