Apollo Global Management says AI boom delivers zero financial payoff outside tech sector; revenue per employee, profit margins, productivity stagnate for non-tech companies while Magnificent Seven soars since 2022.

Apollo says AI has delivered 'zero financial payoff' outside the tech industry

One of the world's largest investment firms isn't bullish on AI. Michael M. Santiago/Getty Images One of the world's largest investment firms says that only tech companies are getting a share of the AI pie.In an economic analysis published on Saturday, Apollo Global Management said that while the Magnificent Seven — a group of established tech companies that includes Nvidia and Meta — are seeing revenue growth during the AI boom, this growth isn't being shared by other industries."Mainstream cor...