# Apollo’s Slok finds no AI payoff for US companies outside Big Tech

> Apollo Global Management’s chief economist says AI spending isn’t boosting profits for most US companies.
- Title: Apollo’s Slok finds no AI payoff for US companies outside Big…
- Summary: Apollo Global Management’s chief economist says AI spending isn’t boosting profits for most US companies. Apollo’s Slok found AI spending shows no financial…
- Keywords: apollo global management, torsten slok, s&p 500, ai spending, revenue per worker, profit margins, magnificent seven, openai, anthropic, ramp, technology, startups
- Source: The Next Web — https://thenextweb.com/news/apollo-ai-payoff-outside-tech-slok
- Author: Cristian Dina
- Published: 2026-10-26T14:05:15+00:00
- Read time: 1 min
- Topics: apollo global management, torsten slok, s&p 500, ai spending, revenue per worker, profit margins, magnificent seven, openai, anthropic, ramp, technology, startups
## Apollo’s Slok finds no AI payoff
Apollo Global Management’s chief economist says AI spending shows zero financial benefit for US companies outside tech.

> Artificial intelligence has delivered “zero financial payoff” to corporate America outside the tech sector.
## Tech giants vs. other S&P 500 firms
Revenue per worker rose for tech giants from $550,000 to $800,000 in 2022, while other S&P 500 firms stayed near $550,000.

> Revenue per employee at the tech giants rose from about $550,000 in 2022 to nearly $800,000.
## Mainstream companies avoid AI costs
Most non-tech firms don’t need AI tokens and are unwilling to pay for them, according to Apollo’s data.

> Mainstream companies do not need the latest model and are unwilling to pay for it.
## AI spending limited to small groups
The top 10% of firms account for 95.6% of AI spending, with venture capital backing most of the top 1%.

> The top 10% of firms account for 95.6% of spending on OpenAI and Anthropic.
## Key takeaway

Apollo’s Slok found AI spending shows no financial benefit for non-tech US companies, with revenue per worker and profit margins flat for the S&P 500’s 493 firms.