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Apollo’s Slok says US companies now treat AI spending as a cost, not growth

This story is from 2026-10-26. It is preserved in the archive; the latest stories are on the live feed.

Artificial intelligence has delivered “zero financial payoff” to corporate America outside the tech sector. That is the finding of Torsten Slok, chief economist at Apollo Global Management, in a note on Saturday. Slok compared the Magnificent Seven, the biggest US tech companies, with the other 493…

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  1. 2026-10-26 14:05 · The Next Web
    Apollo’s Slok says US companies now treat AI spending as a cost, not growth

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