Apollo's president warns the AI spending boom may not pay off for investors

Apollo Global Management President Jim Zelter urged caution about assuming strong returns from AI spending. APFIS Apollo President Jim Zelter says AI will transform the economy, but investment returns are uncertain. AI is driving a spending boom, making tech companies more capital intensive. His warning comes as debate grows over whether the AI boom may be veering into hype. Tech companies are pouring trillions into artificial intelligence, but investors shouldn't assume the bets will pay o...