Ramp data shows AI spending flatlined even as token volumes rose
Ramp's report shows token spend grew 1.5% across August and September, and it grew 42% in July. Ramp's lead economist, Ara Kharazian, says OpenAI and Anthropic price cuts have made AI cheaper to use. TechCrunch says the data suggests investors might be wrong to assume AI companies will keep growing at breakneck speed.
NoteFor payments firms that sell AI-linked spend, the flat line in token spend is the number to track.
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