AI spending is becoming extremely concentrated: The proportion of US software-spending businesses using paid GPU infrastructure is up to a record ~10%, from less than 4% two years ago. Model serving and inference, or spending on the computing power needed to run AI models and process AI requests, account for the vast majority of this increase. The proportion of firms using model serving and inference is up to a record 8.7% from 2.4% over this period. Meanwhile, the top 10% of firms by spending account for 99.5% of model-serving spending and 99.0% of neocloud spending, or specialized AI cloud services. The top 10% also represent 95.7% of cloud computing spending and 95.6% of spending on OpenAI and Anthropic. AI adoption is broadening, but spending remains heavily concentrated.

AI model wars are getting nuclear level right now Dario released Fable 5.1 as bait… Then mugged Samas Astra 6 brutally with Opus 5.5 Just one day before OpenAI’s DevDay, Dario released Sonnet 5.5 and drained every drop of blood from their budget-tier users too 💀

AI could create a completely new problem for the banking system. Apollo Chief Economist Torsten Slok is warning about the possibility of an "agentic bank run." The idea is quite simple. The average US checking account pays roughly 0.1% interest. Meanwhile, some higher-yield accounts are offering around 3.3% to 5%. Most people don’t constantly move their cash to wherever the best rate is. AI agents could change that. Slok says agentic AI assistants could eventually move household cash automatically into higher-yielding accounts. If that becomes widespread, banks could lose a significant portion of the cheap deposits they rely on to fund loans. Slok says that would be a problem for the entire financial system. This is not a traditional bank run driven by fear. It is a potential future problem caused by AI automatically optimizing where people keep their money. Banks have benefited for decades from customers leaving cash sitting in low-yield accounts. AI could make that much harder. The question is no longer just how AI changes work. It may also change how money moves through the banking system.