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Top AI spenders cut per-employee costs by nearly 10 percent in August

Ramp's September AI Index shows top AI spenders' per-employee costs fell 9.7% in August as firms migrate from frontier models to cheaper standard models.

Ramp's September 2026 AI Index reports median per-employee AI spending at the top 1% of spenders fell 9.7% in August to $7,205, partly attributed to August vacations, falling token prices, and migration to cheaper models. The effective price per million tokens dropped 41% from its March 2026 peak to $0.68, and frontier models like Opus, Fable, and Sol fell from 53% to 45% of tokens consumed. Anthropic was paid for by 43.8% of US companies (up 0.34 points) versus 39.8% for OpenAI (up 0.09 points), while open-weight models remain marginal at 6.4% of AI-using firms.

The DecoderSep 10, 09:34 UTC · 7d agoAI industry1

AI spend per employee slumped at top firms in August — summer doldrums or a warning sign?

Ramp data across 70,000 companies shows August AI adoption grew just 0.4% while per-employee spend at top-spending firms fell nearly 10% to $7,205 amid declining token prices.

Ramp's spending data shows 56% of its customers paid for AI products in August, up only 0.4% month-over-month, with spend per employee in the top 1% of firms down almost 10% to $7,205. Average token costs have dropped to $0.68 per million tokens from a 2026 peak of $1.15 in March after price cuts by OpenAI and Anthropic, and the labs have not yet offset the cuts with volume, with customers shifting to cheaper models like ChatGPT 5.6-Terra and Claude Sonnet. The US Census Bureau's broader survey shows only 22% of businesses report using AI, suggesting Ramp's tech-heavy client base overstates adoption, while only 6.4% of AI-spending businesses used model-serving or inference platforms in August.

TechCrunch · AISep 9, 14:18 UTC · 7d agoAI industry

Why you should work on AI for AI Research — Richard Socher of Recursive

Richard Socher's new lab Recursive, backed by $4.65B seed, targets AI systems that automate AI research itself.

Latent Space interviews Richard Socher, founder of You.com and AIX Ventures, about his new venture Recursive, which raised a $4.65 billion seed round to build the 'Eureka Machine' — a superintelligence for automating invention and AI research. Early claimed results include an AI research system outperforming humans and their agents on optimization tasks within two days, and NVIDIA GPU kernel improvements discovered without CUDA experts. Discussion spans reward hacking, constitutional AI critique, AI regulation, open-source models as geopolitical soft power, and hard-takeoff constraints.

Latent SpaceSep 14, 16:04 UTC · 2d agoAI industry1

Google, Nvidia and Anthropic want Emerald AI to find space on the grid for more data centersnew

Emerald AI, Google, Nvidia, and Anthropic formed a coalition promoting data center demand response, claiming it could free grid space for 100 gigawatts of capacity.

Grid software unicorn Emerald AI formed the AI Energy Management Alliance (AEMA) with Google, Nvidia, Anthropic, and utilities including AES, Constellation, National Grid, and NRG Energy. The coalition promotes demand response, where data centers pause noncritical tasks or shift compute loads, claiming it could let an additional 100 gigawatts of data centers connect to the grid. Emerald AI recently raised a $150 million Series A led by Energize Capital and DCVC, and a Goldman Sachs study cited estimates of 76 gigawatts of freed capacity from peak-shaving.

TechCrunch · AI13:38 UTC · 14m agoAI industry 2 sources

India’s Pocket FM doubles revenue run rate to $500M as AI powers 93% of audio content

Indian audio platform Pocket FM doubled its annualized revenue run rate to $500M, with AI now producing 93% of its catalog.

Pocket FM, an Indian serialized audio storytelling platform, doubled its annualized revenue run rate to $500 million in a year, with AI powering 93% of its catalog and 99% of new content. The company says generative AI, including in-house creative-writing and text-to-speech models, made production roughly 80 times cheaper, letting 550,000+ creators produce about 2.5 million hours of content annually across 770,000 audio series for 250 million listeners. Parent Pocket Entertainment is reportedly in talks to raise $100-120 million at about a $2 billion valuation, is profitable on an adjusted basis, and its AI-only microdrama app Pocket Saga has reached a $15 million annualized run rate.

TechCrunch · AISep 10, 17:45 UTC · 6d agoAI industry

Google Cloud races to catch up in the AI deployment wars with Accenture deal

Google Cloud and Accenture formed a joint unit, training up to 1,000 forward-deployed engineers to drive enterprise adoption of Gemini Enterprise.

Google Cloud and Accenture launched the Accenture Gemini Enterprise Business Group, a joint unit of forward-deployed engineers helping enterprises adopt Google's AI tools. Google will train up to 1,000 Accenture FDEs to build custom applications on the Gemini Enterprise platform. Ramp data cited by TechCrunch puts Google at roughly 6% of US enterprise AI spending versus Anthropic's 43.5% and OpenAI's 39.7%. Alphabet held $811 billion in purchase commitments as of June 30, against Google Cloud's $24.8 billion second-quarter revenue.

TechCrunch · AISep 8, 16:20 UTC · 8d agoAI industry