Anthropic's ipo prospects dim as ai spending stalls at $10k per employee
ai spending growth flatlined over late summer despite rising token volumes, posing challenges for anthropic's ipo plans and signaling a shift in the ai market.
according to ramp data, ai spending growth slowed significantly over late summer, with token spend growing only 1.5% in august and september, compared to 42% growth in july. this slowdown may impact anthropic's ipo plans, as investors may have overestimated the growth potential of ai companies. ramp's lead economist ara kharazian attributes the slowdown to price competition, citing openai and anthropic's recent price cuts, which have made ai cheaper to use. the top 1% of firms, which are the biggest ai spenders, have reduced their spending, with average spend per employee dropping below $10,000.