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01 / MoneyTrue, butMembers
Apollo's chief economist says AI has delivered zero payoff outside tech. His charts show flat averages for 493 companies. Flat on average is not zero for everyone.
Torsten Slok, Apollo chief economist, The Daily Spark (24 October 2026); trending on Hacker News, 24 October 2026 ·
AI illustration
Revenue per worker and margins are flat for the S&P 493, and productivity growth is near nil. That supports 'no visible payoff yet'. It does not measure AI, and an Atlanta Fed survey finds small positive gains that lag in the revenue numbers.
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IBM's CEO says open weights are 90% as good for 10% of the cost. In Ramp's spending data, only 6.4% of AI-spending businesses pay for open-source models.
IBM CEO Arvind Krishna, IBM third quarter 2026 earnings call (21 October 2026); trending on r/artificial ·
AI illustration
The cost pressure is real. But spending data says most of the shift goes to cheaper closed models, the 90% has no named benchmark, and IBM sells the racks.
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Open-source AI is a month behind the best, says the post going round. The model that closes the gap has no downloadable weights yet, and Artificial Analysis lists it as proprietary.
ModelCompare blog post (23 October 2026); trending on Hacker News and r/artificial 24 to 25 October 2026 ·
AI illustration
The 55 score is real and comes from Artificial Analysis. The 'month behind' is ModelCompare's own arithmetic, and it counts Kimi K3.1 Pro as open because Kimi promises weights by Nov 4.
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Members read the full check on every story: what the evidence shows, why it matters to you and the one line to take with you. Every past edition, re-verified, and the Receipts Pack come with it. A$89 a year, about A$0.24 a day.
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