Apollo economist's viral AI-spending chart is almost entirely repackaged Ramp AI Index data
matt_slotnick · x · 2026-10-22
- Matt Slotnick points out that Torsten Slok's widely shared Apollo chart on circularity in AI token spending draws nearly all its data from the Ramp AI Index.
- Apollo's Chief Economist's actual contribution was just recoloring and adding the Apollo logo.
- The chart's key stat: 80.4% of the top 1% AI spenders are VC-backed vs only 13.1% of median spenders — a datapoint widely cited in AI bubble circularity arguments, now with its provenance questioned.
Related event: Apollo's 'VC-funded AI spending' chart questioned over single data source(2 posts)→
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