Corporate AI spend growth stalls as price competition and thrift may cap revenue
Ramp data shows token spend growth was 1.5% across August and September, raising questions about the growth projections of companies like OpenAI and Anthropic.
Corporate spending on artificial intelligence flatlined over late summer, according to new data from expense management firm Ramp, even as token volumes rose; price competition and savvier customers may be capping revenue for OpenAI and Anthropic.