AI spending growth stalls even as usage climbs, data shows

Data from Ramp, a corporate spend management platform, shows that while AI usage continues to increase, spending growth has flattened. Major AI spenders are implementing smarter cost controls and benefiting from price cuts in the market, suggesting efficiency gains rather than runaway spending.

This trend could reshape investor expectations around AI market growth and profitability. The timing is significant as Anthropic, one of the largest AI companies, prepares for an initial public offering, when growth rates and unit economics typically come under scrutiny.