US corporate AI spending hits an October high as growth slows to 1.65%
Original title: US corporate AI spending hits a new high in October, but growth slows to 1.65 percent
Among more than 85,000 Ramp customers, a typical firm spent $16.32 while the top 1% spent $10,200 per employee.
The Ramp AI Index recorded a 1.65 percent month-over-month rise in October 2026. OpenAI customer spending grew 2.1 percent versus 0.5 percent for Anthropic, and the average price per million text tokens fell 21 percent. Software development still made up 72 percent of tracked spending, while customer support’s share rose from 0.8 percent in June to 13.3 percent. Ramp says the sample skews larger and more tech-savvy than US businesses overall.
Unconfirmed: Ramp says the index and its token metrics are not representative, and the article treats SpacexSI’s rise as likely driven by Cursor rather than Grok.
- Top 1 percent median spend rose 9 percent to $10,200 per employee per month.
- Anthropic adoption reached 44.8 percent; OpenAI held at 40.6 percent; overall adoption was 56.8 percent.
- Kharazian says 1 percent of companies drive 80 percent of OpenAI and Anthropic revenue.
- Models he calls Opus, Fable, Sol, and Astra were 69.5 percent of spending.
- SpacexSI spending rose 2.2 percent and held a 6.3 percent Ramp share.
- Products
- Cursor
- Countries
- United States
From the original article
3 min read at the-decoder.com
According to the Ramp AI Index, US corporate AI spending rose just 1. 65 percent in October 2026. One percent of companies still drive 80 percent of revenue for OpenAI and Anthropic.
By Matthias Bastian · the-decoder.com
A short excerpt; the article and its images belong to the publisher. Summary, key facts and assessment above are AI-written from the article and can be wrong.