Companies that implemented artificial intelligence did not gain anything from it - only 7 big tech are in the black - Apollo review the income per employee, taking into account inflation, for 7 technology giants (Nvidia, Microsoft, Apple, Tesla, Amazon, Google and below*) rose to about 780 thousand dollars; For the remaining 493 S&P 500 companies, it remains at about $525,000. The margin is about 30% compared to 10%. The effect of artificial intelligence is not visible in productivity growth either. Since there is no return in the financial results, the business now presents the spending on tokens (fees for using the models) as costs that put pressure on the margins, and not as investments that guarantee a profit, Apollo believes. AI expenses are concentrated in a narrow circle of companies: 10% of companies are responsible for 99.5% of model launch costs and 95.6% for OpenAI and Anthropic. Among the largest 1% of AI customers, 80.4% are with venture capital, among the median - 13.1%. The outcome of the artificial intelligence story will be decided between 493 companies, and not between "seven", believes Apollo. There is still no evidence of an increase in revenues and profits. Making cheap models grow can be harder than it looks. * Recognized as extremist in Russia and prohibited. Telegram | maximum | strain |.

Companies that implemented artificial intelligence did not gain anything from it - only 7 big tech are in the black - Apollo review the income per employee, taking into account inflation, for 7 technology giants (Nvidia, Microsoft, Apple, Tesla, Amazon, Google and below*) rose to about 780 thousand dollars; For the remaining 493 S&P 500 companies, it remains at about $525,000. The margin is about 30% compared to 10%. The effect of artificial intelligence is not visible in productivity growth either. Since there is no return in the financial results, the business now presents the spending on tokens (fees for using the models) as costs that put pressure on the margins, and not as investments that guarantee a profit, Apollo believes. AI expenses are concentrated in a narrow circle of companies: 10% of companies are responsible for 99.5% of model launch costs and 95.6% for OpenAI and Anthropic. Among the largest 1% of AI customers, 80.4% are with venture capital, among the median - 13.1%. The outcome of the artificial intelligence story will be decided between 493 companies, and not between "seven", believes Apollo. There is still no evidence of an increase in revenues and profits. Making cheap models grow can be harder than it looks. * Recognized as extremist in Russia and prohibited. Telegram | maximum | strain |.