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Ramp data show AI token spending nearly flat in August–September after July’s surge as Anthropic heads toward its IPO

Ramp reports corporate AI token spend rose 1.5% across August and September after a 42% month-on-month jump in July, while usage still increased, suggesting cheaper pricing and tighter budgets may limit revenue for vendors such as OpenAI and Anthropic as Anthropic approaches listing. Ramp lead econo