# Ramp data shows AI spending stalling as Anthropic nears its IPO

> Original title: Ramp data shows AI spending stalling just as Anthropic nears its IPO

- Source: TechCrunch · AI
- Published: 2026-11-06T15:54:47.000Z
- Bad Influence: https://badinfluence.news/items/bfik0j0hdk8x8wb1svy4t1vwy
- Original: https://techcrunch.com/2026/11/06/ramp-data-shows-ai-spending-stalling-just-as-anthropic-nears-its-ipo/

## Summary

Ramp reports that AI token spend grew only 1.5% across August and September, even as token volumes rose. Ramp's lead economist Ara Kharazian attributes the slowdown to price competition, including OpenAI's API price cuts and Anthropic's reductions, and to savvier enterprise spending. Bloomberg reported that Anthropic's potential valuation fell from $2 trillion to $1.2 to $1.3 trillion, and OpenAI lowered its proposed valuation to $1.25 trillion.