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AI delivers ‘zero financial payoff’ to most companies, Apollo economist says TechCrunch · 4 hours ago · 34

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Apollo chief economist Torsten Slok argued that recent AI spending has not yet produced measurable productivity or financial gains for most U.S. companies Other

25 Oct AI delivers ‘zero financial payoff’ to most companies, Apollo economist says

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TLDRocket 25 October 2026

The biggest throughline today is how fast AI geopolitics is turning into procurement. Kazakhstan is trying to keep daylight between rival blocs—signing up for China’s World AI Cooperation Organization while still engaging the U.S. on supply-chain questions—then following through with an investment deal worth up to $10 billion with Nvidia for a “data center valley” after a June Washington trip and before Shanghai’s. The message is clear: when chip access and open-source ecosystems are split by policy, middle states hedge with hardware buys, not speeches.

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