Corporate AI spending reaches a new high, but growth rate slows down.
The story so far
US corporate AI spending reached a new high in October 2026, but the year-over-year growth rate slowed to 1.65%. According to the Ramp AI index, the top 1% companies with the highest AI spending had an average monthly expenditure of $10,200, a 9% year-over-year increase; typical companies spent $16.32, a slight increase. OpenAI's commercial customer spending increased by 2.1% year-over-year, while Anthropic's growth was only 0.5%. The average processing price per million text tokens decreased by 21% year-over-year. The data in the Ramp AI report is based on payment data from over 85,000 US companies but may not include the use of free AI tools and personal accounts. The index's customer base is biased towards growth-oriented, tech-savvy, and larger-than-average US companies, so AI adoption rates may be overestimated.
AI-written from the reports · Updated 3 days ago
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- The DecoderCorporate AI spending in the US reaches a new high, but the month-on-month growth rate slows to 1.65%
US corporate AI spending reached a new high in October 2026, with a year-over-year growth rate slowing to 1.65%. According to Ramp AI's index, the top 1% of AI spending companies had an average monthly expenditure of $10,200, a 9% year-over-year increase, while typical companies saw a slight increase of $16.32. OpenAI's commercial customer spending increased by 2.1% year-over-year, while Anthropic's growth was only 0.5%. The average processing price per million text tokens decreased by 21% year-over-year.
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