Enterprise Token Spending Growth Slumps to 0.2%, Challenging AI Demand Narrative

Ramp AI Index data shows enterprise token spending growth collapsing to 0.2%, prompting Apollo's chief economist Torsten Slok to warn that the narrative of unlimited AI demand is hitting a wall, with hyperscaler ROIC falling to about 20%.

2026-10-21 ~ 2026-10-21 · 2 related posts

• Corporate token spending growth collapses from 42% to 0.2% as hyperscaler ROIC falls to 20% — SumitGup · 2026-10-21
• Corporate token spending growth collapses to 0.2%, Apollo warns compute demand may not be unlimited — SumitGup · 2026-10-21