AI spending growth cools as Anthropic approaches a public listing
Companies are using more AI than ever, but they are not spending more on it. Ramp’s data shows AI spending flattened in late summer even as token volumes rose, and the pattern points to price competition and more cost-aware customers limiting revenue growth for OpenAI and Anthropic. The spending pattern in Ramp data Ramp reported that token spend rose only 1.5% across August and September. In July, it increased 42%…