# S&P 493

Published articles for S&P 493.

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## Apollo analysis shows no one besides the biggest tech giants is seeing benefits from AI

DevFeed: [Apollo analysis shows no one besides the biggest tech giants is seeing benefits from AI](<https://devfeed.tech/articles/apollo-analysis-shows-no-one-besides-the-biggest-tech-giants-is-seeing-benefits-from-ai-99330.md>)

Original publisher: [Read original article](<https://siliconangle.com/2026/10/25/apollo-analysis-shows-that-no-one-apart-from-the-biggest-tech-giants-is-seeing-any-real-benefits-from-ai/>)

Author: Mike Wheatley

Published: 2026-10-26T01:31:12Z

Content type: news

Language: en

Sources: [SiliconANGLE](<https://devfeed.tech/sources/siliconangle.md>)

Topics: [Artificial Intelligence](<https://devfeed.tech/topics/ai.md>), [Finance](<https://devfeed.tech/topics/finance.md>), [Data analysis](<https://devfeed.tech/topics/data-analysis.md>), [decision-making](<https://devfeed.tech/topics/decision-making.md>)

Tags: [accountability](<https://devfeed.tech/tags/accountability.md>), [agentic](<https://devfeed.tech/tags/agentic.md>), [agentic-ai](<https://devfeed.tech/tags/agentic-ai.md>), [ai](<https://devfeed.tech/tags/ai.md>), [ai-investments](<https://devfeed.tech/tags/ai-investments.md>), [ai-payoff](<https://devfeed.tech/tags/ai-payoff.md>), [ai-productivity-growth](<https://devfeed.tech/tags/ai-productivity-growth.md>), [ai-spending](<https://devfeed.tech/tags/ai-spending.md>), [analysis](<https://devfeed.tech/tags/analysis.md>), [analyst](<https://devfeed.tech/tags/analyst.md>), [apollo](<https://devfeed.tech/tags/apollo.md>), [apollo-global-management](<https://devfeed.tech/tags/apollo-global-management.md>), [artificial-intelligence](<https://devfeed.tech/tags/artificial-intelligence.md>), [business](<https://devfeed.tech/tags/business.md>), [challenges](<https://devfeed.tech/tags/challenges.md>), [corporate](<https://devfeed.tech/tags/corporate.md>), [employee](<https://devfeed.tech/tags/employee.md>), [enhancing](<https://devfeed.tech/tags/enhancing.md>), [financial](<https://devfeed.tech/tags/financial.md>), [financial-payoff](<https://devfeed.tech/tags/financial-payoff.md>), [flat](<https://devfeed.tech/tags/flat.md>), [investment](<https://devfeed.tech/tags/investment.md>), [magnificent-seven](<https://devfeed.tech/tags/magnificent-seven.md>), [news](<https://devfeed.tech/tags/news.md>), [profit-margins](<https://devfeed.tech/tags/profit-margins.md>), [return-on-investment](<https://devfeed.tech/tags/return-on-investment.md>), [revenue-per-worker](<https://devfeed.tech/tags/revenue-per-worker.md>), [s-p-493](<https://devfeed.tech/tags/s-p-493.md>), [s-p-500](<https://devfeed.tech/tags/s-p-500.md>), [tech-firms](<https://devfeed.tech/tags/tech-firms.md>), [technology](<https://devfeed.tech/tags/technology.md>), [technology-firms](<https://devfeed.tech/tags/technology-firms.md>), [the-latest](<https://devfeed.tech/tags/the-latest.md>), [top-story-5](<https://devfeed.tech/tags/top-story-5.md>), [top-story-6](<https://devfeed.tech/tags/top-story-6.md>), [torsten-slok](<https://devfeed.tech/tags/torsten-slok.md>)

### AI overview

Apollo analyst Torsten Slok's comparison of revenue per worker, profit margins and productivity growth finds financial gains from AI concentrated in the seven large technology firms excluded from the S&P 493. At those firms, average revenue per employee rose from about $550,000 in 2022 to nearly $800,000 this year; the S&P 493 has stayed near $550,000 since 2019, while its margins and productivity show no clear improvement. Slok says established companies are treating token spending as a cost and questions whether cheaper AI can translate into higher revenue and margins. He points to business judgment as a barrier: AI lacks context around culture, accountability, ethics, fairness and trust, factors tied to reputational risk. The article says some venture-backed startups are increasing token spending, unlike more established firms. The supplied text presents Apollo's analysis and Slok's interpretation; it does not establish that AI caused the gains at the large tech firms.

### Source excerpt

Despite all of the hype and the multiple millions of dollars invested in artificial intelligence, most of corporate America outside of its biggest technology firms is yet to see any financial payoff, according to an analysis by one of the world's largest investment firms. In the analysis published on Saturday, Apollo Global Management Inc. said [...] The post Apollo analysis shows no one besides the biggest tech giants is seeing benefits from AI appeared first on SiliconANGLE.