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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

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.

Chat GPT-3.5 released in 2022. We’re like 4 years into this thing.

4 years is generous. Companies have been integrating AI since 2018 at least.