Ramp data shows AI token spending growth stalling as usage rises
Overview
Ramp reports that its customers' AI token spending 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 API price cuts by OpenAI and Anthropic, and to more cost-conscious enterprise spending.
TechCrunch reports that Bloomberg separately described lower valuation targets for both companies: Anthropic's potential valuation fell from $2 trillion to a range of $1.2 to $1.3 trillion, and OpenAI lowered its proposed valuation to $1.25 trillion.
Written by AI from the articles below · updated Nov 6, 11:05 AM ET
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- TechCrunch · AINewsRamp data shows AI spending stalling as Anthropic nears its IPO
AIRamp 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.
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