Ramp data shows AI spending stalling just as Anthropic nears its IPO | TechCrunch
The short version
AI spending growth has stalled despite rising usage, challenging expectations of continual hypergrowth as Anthropic approaches its IPO.
Key takeaways
- AI token spending grew just 1.5% in late summer.
- Price cuts by OpenAI and Anthropic are impacting revenue.
- Investors may need to rethink AI growth projections.
- The top 1% of firms show signs of slowing spending.
Overall sentiment
NegativeThe article signals concerns over slowing AI spending growth and its implications for investor expectations.
AI classification of the article’s tone. Coverage is based on the provided article text and linked reports.
Sources cited by the article
- A new report from Ramp ↗
- gears up for its IPO ↗
- Anthropic’s potential valuation ↗
- high “junk” rating ↗
- OpenAI also lowered its proposed ↗
- Cracks in the AI Thesis ↗
- era of hypergrowth may be over, ↗
- OpenAI cut API prices ↗
- new company called Jev ↗
- among the top performers ↗
- October 22, 2026 ↗
- OpenAI ↗
- SpaceXAI ↗
- Meta ↗
- Instinct ↗
- OpenAI ↗
- Ramp ↗
- Enterprise AI spend ↗
- Anthropic ↗
- AI ↗
- AI-pilled ↗
- Enterprise ↗
- we may earn a small commission ↗
These references were linked or listed by the publisher, then selected for relevance. They are distinct from our original-source citation.