ai spend per employee slumps 10% at top firms
ai spending growth slowed in august with 56% of ramp customers paying for ai products, a 0.4% increase from july, amid concerns of revenue slowdown.
ramp's august survey of 70,000 companies found 56% of customers paid for ai products, a 0.4% increase from july. ai spend per employee in top 1% of firms dropped nearly 10% to $7,205. average token costs declined to $0.68 per million tokens from $1.15 in march. slower adoption could threaten revenue growth for ai labs and hyperscalers.