Recurring series
ApolloDaily Spark
Finvaulta tracks 4 editions of Daily Spark from Apollo, published between August 17, 2026 and September 24, 2026. Each edition is summarized on its own page.
Latest edition · September 24, 2026
dailyspark 2026 09 24
Data from Ramp and Apollo shows that AI infrastructure spending is accelerating but is hyper-concentrated among the top 10% of firms. The top decile accounts for 99.5% of model serving and inference spend and 99.0% of neocloud spend.
According to research from Apollo and Ramp, corporate spending on AI infrastructure is experiencing rapid growth with extreme concentration at the top. The top 10% of firms generate 99.5% of spend on Model Serving & Inference, 99.0% on Neocloud, and 95.6% on OpenAI and Anthropic. In comparison, traditional enterprise software categories like CRM and non-AI SaaS exhibit relatively greater spend participation from the bottom 90% of firms.
Read the latest edition in fullKey takeaways from the latest edition
- 1.AI infrastructure spending is extremely concentrated, with the top 10% of firms accounting for 99.5% of spending on Model Serving & Inference and 99.0% on Neocloud.
- 2.Spend on foundation model providers OpenAI and Anthropic is similarly dominated by the top 10% of firms (95.6%), on par with cloud computing (95.7%).
- 3.Traditional enterprise software categories such as CRM and non-AI SaaS show broader distribution across the bottom 90% of firms compared to AI infrastructure categories.
What this series covers
- AI infrastructure spending is accelerating
- Share of category spend, top 10% vs. bottom 90% of firms (%)
Edition archive
Series at a glance
- Editions tracked
- 4
- First edition
- August 17, 2026
- Latest edition
- September 24, 2026