Apollo’s Slok says US companies now treat AI spending as a cost, not growth
THE SO WHAT
If non‑tech corporates are seeing “zero financial payoff” from AI so far, boards will start treating AI budgets like experimental cost centers, not guaranteed growth engines. Operators should expect tougher hurdle rates and shorter patience—lock in 6–12 month, verifiable P&L impacts or risk seeing projects defunded.
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