Torsten Slok: AI contributes zero revenue to non-tech US companies
META Meta Platforms Inc
$642.62 -0.96%
View chart & analysis → - 1Torsten Slok, chief economist at Apollo Global Management Inc., said AI has provided zero revenue to US companies outside the technology sector.
- 2Meta announced last week its intention to invest more aggressively in AI and expand its capital expenditure plans.
- 3Gartner estimated that if AI revenue fails to justify spending, more than 3.5 trillion dollars of AI infrastructure spending could be at risk of impairment by 2030.
So what's the key point?
Artificial intelligence is not helping other companies make money besides tech firms. While Meta plans to increase investment, more than 3.5 trillion dollars could be at risk if AI does not generate enough profit.
Source Bloomberg · View original ↗
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