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Apollo Co-President: Companies Waste AI Spending on Low-Value Tasks

AI Industry News

2026-06-10 16:16:17

According to John Zito, co-president of Apollo Global Management's asset management division, many enterprises deploy artificial intelligence tools on mundane tasks that fail to justify their high costs and substantial computational resource consumption. Zito cited an example: "Our intelligence is so low that we use AI tools to look up recipes for French toast—this is why you see AI prices going up." He suggested the expense of AI infrastructure cannot be rationalized by current deployment patterns.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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