Ramp data: AI spending growth stalls
What happened
On 6 November 2026, TechCrunch cited a Ramp report saying growth in enterprise AI token spending has slowed markedly: August and September grew just 1.5%, against 42% month on month in July. Ramp chief economist Ara Kharazian attributes the slower revenue growth to price cuts by OpenAI and Anthropic, enterprise discounts and customers getting better at controlling costs. The report also notes that Anthropic said in a filing that price cuts reduced its revenue growth by about $600m, and that Anthropic is nearing an IPO. The current picture: token usage is still rising, but spending is flattening.
Written by AI from the reports · updated 1 h ago
Timeline
Follow the reports to see the event from each side.
- TechCrunch · AIRamp data shows AI spending stalling just as Anthropic nears its IPO
AI usage keeps climbing, but spending has stalled. Price cuts and smarter cost controls among the biggest spenders could challenge investor assumptions about AI hypergrowth.
Heat of this event
Not enough continuous observations yet to draw a trend.