US corporate AI spending hits new high, growth slows to 1.65%
us corporate ai spending rose 1.65% in october to a new high, driven by software development teams, but growth is slowing. this affects ai companies like openai and anthropic.
us corporate ai spending hit a new high in october, rising 1.65% month-over-month, according to the ramp ai index. software development teams accounted for 72% of all tracked ai spending, although their spending declined from summer highs. customer support and customer success departments saw strong growth, with their share of ai spending climbing from 0.8% in june to 13.3% in october. one percent of companies drive 80% of revenue for openai and anthropic, with openai's spending growing 2.1% and anthropic's growing 0.5%.