The wire · traced · first seen Oct 25, 09:32 UTC
Apollo sees no AI payoff outside tech
Apollo Global Management now views AI use as a margin-hurting cost center for US companies outside tech.
What we checked
Every claim below was walked down the source ladder. The rung is how close the source is to the thing itself; the tense is the source's own.
-
announced L2 · reported
Apollo Global Management views AI as a margin-hurting cost center for US companies outside tech.
per Techmeme (L2)
Not confirmed
Company-level financial data, a measurement period, and margin figures are not established.
Who should wait
Companies considering changes to AI spending should wait for their own cost and return data.