Ramp data: enterprise AI spending growth slows to 1.5%
11/06/2026 — 11/07, 00:18·2 sources (all)·2 reports (all)
Key takeaways
- Data from payments platform Ramp shows enterprise AI spending growth slowed to 1.5% in August and September: usage keeps rising but budgets…
Background & analysis
Payment platform Ramp released its relevant data on November 6, 2026, with a TechCrunch report stating that enterprise AI usage keeps climbing while AI spending has stalled, as the largest spenders cut back through price cuts and tighter cost control, potentially challenging investor assumptions about AI hypergrowth. A second report published on November 7, 2026 gave more specific figures: Ramp data shows enterprise AI spending growth slowed to 1.5% in August and September. Following consecutive price cuts by OpenAI and Anthropic, engineering teams are shifting toward cheaper, task-specific models and tightening budgets, which the report says means businesses are spending more carefully, not abandoning AI. Over the same period Sawtooth Capital cut its Anthropic valuation estimate from $2 trillion to $1.2 trillion to $1.3 trillion. However, there is a notable discrepancy between the two reports on another point: one suggests spending has stalled with no recommendations provided. Currently verifiable information remains limited to the above figures and statements.
AI-generated from 2 reports · updated 2 hours ago
Latest turnRamp data cited in the report shows business AI spending growth easing to 1.5% across August and September. Price cuts from OpenAI and Anthropic are pushing engineering teams toward cheaper, task-specific models and tighter budgets, a sign of caution rather than abandonment, while Anthropic's estimated valuation is said to have fallen from $2tn to $1.2–1.3tn.
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Ramp data cited in the report shows business AI spending growth easing to 1.5% across August and September. Price cuts from OpenAI and Anthropic are pushing engineering teams toward cheaper, task-specific models and tighter budgets, a sign of caution rather than abandonment, while Anthropic's estimated valuation is said to have fallen from $2tn to $1.2–1.3tn.
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Ramp data shows companies keep using AI more, but their AI spending has flatlined, TechCrunch reports. The biggest spenders are leaning on price cuts and tighter cost controls, a pattern that could undercut investor assumptions about AI hypergrowth as Anthropic approaches its IPO.
TechCrunch · AIAI score 56
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