Ramp Data Show AI Token Spend Growth Drops to 1.5% from July's 42%
Summary
Ramp data show corporate AI token spend grew just 1.5% across August and September, down from 42% in July. Ramp economist Ara Kharazian credits price cuts: OpenAI halved API prices for GPT-6 Sol and GPT-6 Luna in September, and Anthropic said cuts to Fable 5.1 and Opus 5.5 trimmed revenue growth by about $600 million.
Key Points
- Ramp economist Ara Kharazian says the top 1% of firms spend just under $10,000 per employee per month, below summer peaks.
- Ramp data show token spend rose 8.9% from September 23 to October 23 after the late-summer stall.
- Bloomberg reports Anthropic's potential valuation fell to $1.2 trillion to $1.3 trillion from $2 trillion.