Apollo: Top 10% of AI Customers Account for 99.5% of Model Spending

Apollo chief economist Torsten Slok finds AI spending is highly concentrated, with the top 10% of customers covering 99.5% of model serving costs. Hyperscaler capex forecasts have also been raised by $750 billion over the past year.

2026-09-26 ~ 2026-09-26 · 2 related posts

• Apollo: AI Adoption Is Spreading but Spending Is Concentrating — rohanpaul_ai · 2026-09-26
• Top 10% of AI Customers Drive 99.5% of Model-Serving Spend as Hyperscaler Capex Jumps $750B — rohanpaul_ai · 2026-09-26