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1 NOV 2026 · Hacker News · 241 pts · 246 comments ↗

A study by Apollo Global Management's chief economist found that AI has not delivered significant financial benefits to most non-tech companies, with profit margins and revenue per worker remaining flat. This contradicts the widespread hype around AI's potential to improve productivity and drive revenue growth. The economist attributes this to AI's limitations in understanding human judgment, accountability, and ethical considerations. AI summary