- Ramp’s data reveals AI spending flatlined over late summer, with only a 1.5% growth in token spend.
- Despite rising AI usage, top firms are cutting back, signaling a potential slowdown in the sector.
- Price cuts from OpenAI and Anthropic have made AI cheaper, leading to a buyer’s market and impacting revenue growth.
AI spending Stalls as Anthropic Prepares for IPO
AI spending growth has stalled, raising concerns as Anthropic approaches its IPO, despite increased usage driven by price competition.