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Despite the significant investments ploughed into artificial intelligence it has provided “zero payoff” to corporate America outside of technology, according to Apollo's Chief Economist Torsten Slok. Read more: bloom.bg/3UO2c30 📷: Victor J. Blue/Bloomberg

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Zero measurable return so far is what every general-purpose technology looks like in year two. The spending is real today, the productivity shows up on a lag, and the market prices the endpoint long before the data confirms it. That gap is where the risk sits.

Not the generative AI that everyone means when they say AI now. Machine learning, yes, but that’s a very different kettle of fish.

Has it even paid off in tech ? There's no serious way of knowing. Layoffs are obscuring poor leadership decisions. User experience still continues to be enshittified, customer care moves to self service with no care. More change being deployed isn't translating to more sales or retention ...

I don't think it's paid off in tech, based on my NY Finance job. It basically is like asking a badly behaving intern to code something. It knows how to do it, yes, but it does weird stuff you didn't ask for that you have to hunt and fix

access media like this sorry outlet are complicit in sane washing every crappy product big tech has thrown at the masses for the last couple decades.