Corporate Finance

Apollo Economist Warns AI Delivers Zero Financial Payoff

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chart showing zero financial payoff from artificial intelligence

Apollo Economist Warns AI Delivers Zero Financial Payoff Artificial intelligence has delivered zero financial payoff for most corporations outside of the core tech sector, according to a stark new warning from private equity giant Apollo Global Management. While billions of dollars flow into hardware and software, profit margins remain completely flat. Torsten Slok, chief economist … Read more

Ramp Financial Platform Reaches Massive 60B Valuation

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Ramp financial platform dashboard interface

Ramp Financial Platform Secures New Valuation The Ramp financial platform has officially hit a staggering 60 billion dollar valuation following a massive 1.85 billion dollar funding round. This milestone arrives just four months after the company secured a 44 billion dollar valuation, highlighting rapid growth in the sector. Investors including Dragoneer Investment Group and Founders … Read more