US corporate AI spending hits an October high as growth slows to 1.65%
Among more than 85,000 Ramp customers, a typical firm spent $16.32 while the top 1% spent $10,200 per employee.
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Stories tagged #ai-spending
Apple cuts some engineers' daily AI token budget to $200
Bloomberg says further cuts could reach $100 a day, or $25 for some non-technical teams, with exceptions available.
Intel stock collapse worsens as $3.5T chip rout spreads
Intel stock falls amid broader tech rout driven by AI spending and chip market pressures.
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US tech shares fall as AI spending worries hit earnings
Intel fell as much as 30% and Reddit 26% after weaker outlooks, while Alphabet had already lost more than $500 billion.
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Gartner survey: Only 13% of companies see real AI returns
Only 13% report major or transformative returns from AI despite many pursuing cost savings.
Meta and Microsoft Limit Employee Use of Claude AI Tools
Microsoft and Meta are limiting employee use of Anthropic's Claude in favor of their own coding tools.
Spending on AI Is Becoming Almost Impossible for Businesses to Budget
A Wall Street Journal report says AI token costs are becoming nearly impossible for businesses to budget.
Businesses are using more AI and paying less for it, Ramp AI Index shows
US companies are using more AI while spending less, as OpenAI and Anthropic price cuts drive API costs down.
Anthropic signs $11.6 billion cloud deal with Akamai, pushing its compute spending past $500 billion in under a year
Anthropic signed a seven-year $11.6 billion Akamai cloud deal, lifting reported compute commitments past $517 billion.
European AI spending is on track to reach nearly $470 billion by 2030
IDC forecasts European AI spending near $470 billion by 2030, led by generative and agentic AI.
AI the Top Priority for New Spend as Cyber Budgets Flatline
IANS survey of 500 US CISOs finds AI is the top priority for net-new security budget even as overall cybersecurity budgets stay flat.
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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.
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