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OpenAI’s discounts win Anthropic customers, The Information reports

Replit moved most of its AI spending from Anthropic to OpenAI in recent months after OpenAI offered a discount of more than 30%, The Information reported on Saturday. The contract is worth over $100M a year, a person familiar with the deal told The Information, in a story by Laura Bratton and Stephanie Palazzolo. Replit […]

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Apollo’s Slok says US companies now treat AI spending as a cost, not growth

Artificial intelligence has delivered “zero financial payoff” to corporate America outside the tech sector. That is the finding of Torsten Slok, chief economist at Apollo Global Management, in a note on Saturday. Slok compared the Magnificent Seven, the biggest US tech companies, with the other 493 companies in the S&P 500. Revenue per worker and […]

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