Corporate America is still waiting for the AI payoff
Goldman and Apollo say AI’s economic benefits are mostly limited to tech firms.
The story
Goldman Sachs and Apollo economists note that AI's economic benefits are concentrated in tech companies, with little impact elsewhere, and predict the AI growth peak is near.
Source: fortune.com
Our reading
The report says AI has delivered zero financial payoff to corporate America outside of tech. That’s not a surprise—corporate America has always been better at investing in the future than actually benefiting from it. the non-tech companies aren’t even trying to keep up, preferring to wait for the next big thing instead of adapting.
It’s like everyone’s waiting for the next big hit, but no one wants to do the work. The tech companies are the only ones building the future, and the rest are just watching from the sidelines, hoping it’ll trickle down. Which it won’t, because trickle-down economics is just a myth that keeps people from asking too many questions.
So the next time someone says AI is going to change everything, remember: it’s only changing the things that were already changing. The rest of us are just stuck in the same old game, trying to keep up with the future we’re not part of.
