Zero payoff outside the Magnificent 7

The Signal · 2026-10-26

Corporate America is spending big on AI and getting nothing back. Apollo's latest analysis, reported by Semafor, finds zero financial payoff from AI spending outside the Magnificent 7. The biggest tech names are collecting the gains. Everyone else is still waiting.

Also today: The UK committed over 600 million pounds to AI security: a 100 million pound Biosecurity Lab with OpenAI, Anthropic and DeepMind, plus 120 million for the AI Security.

Anthropic donated its Agent Skills format to the Linux Foundation's Agentic AI Foundation. It runs on over 70 platforms with nearly 280 million installs.

That's today's Signal. Thanks for watching.