Apollo's John Zito Warns AI Spending on Basic Tasks Drives Prices Up
Updated
Updated · Bloomberg · Jun 10
Apollo's John Zito Warns AI Spending on Basic Tasks Drives Prices Up
1 articles · Updated · Bloomberg · Jun 10
Summary
John Zito, co-president of Apollo Asset Management, said many companies are paying too much to use AI for routine work that does not warrant the computing power involved.
Apollo's warning centers on demand being misdirected toward low-value uses, which Zito said is helping push AI-related prices higher.
Zito illustrated the point with a consumer-style example, saying people are using AI tools for simple queries such as checking a French toast recipe.