AI spending seen as cost, not growth driver: Apollo analysis

Key points

• A new analysis from Apollo suggests that artificial intelligence spending is increasingly being viewed as an expense rather than a catalyst for corporate growth.
• This shifting perception among investors and executives could lead to reduced capital allocation toward artificial intelligence initiatives, potentially putting downward pressure on the valuations of companies focused heavily on the technology.

Summarized automatically by Kryptokite from reporting by Crypto Briefing. Read the original sources for full detail.