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.

ON THIS PAGE

  • 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.

[via]

Make sense of what's next.

A clear-eyed digest of AI, products, and ideas worth understanding. Join the NextBigWhat newsletter.

Free. Unsubscribe anytime.

more AI news