Apollo economist: AI has delivered zero financial payoff to most firms

The tech world has poured billions into artificial intelligence, but an Apollo economist argues that corporate America outside the tech sector has seen no financial return from it so far. The observation comes amid a wave of massive investments and widespread hype around AI. For companies that aren't AI-native, the gap between spending and measurable payoff raises a practical question about where the real value of these tools actually lands.
What would it take for AI to show a clear return for a non-tech company?

