Lack of AI financial returns outside tech sector and corporate cost burdens
BCS Barclays plc ADR
$23.10 -0.39%
View chart & analysis → - 1Apollo Global Management Chief Economist Torsten Slok stated on October 24 that AI has failed to generate any financial returns outside of the technology sector.
- 2While Azure revenue growth reached 48% for the quarter ending September 30, companies outside the tech sector are experiencing token expenditures that act as cost centers, pressuring margins.
- 3Barclays announced a reduction of approximately 5,000 employees on October 22.
So what's the key point?
Apollo Global Management Chief Economist Torsten Slok stated on October 24 that AI has failed to generate any financial returns outside of the technology sector.
Source Fortune · View original ↗
Today's 5 AI picks, all freeNothing hidden: past picks and how they did against the S&P 500.