AI spend per employee slumped at top firms in August — summer doldrums or a warning sign?
According to Ramp's spending data from 70,000 companies, AI adoption slowed in August, with only 56% of customers paying for AI products. Spending per employee in the top 1% of firms dropped nearly 10% to $7,205, partly due to falling token costs as OpenAI and Anthropic cut prices. The data suggests frontier labs may not be recouping training costs quickly enough, raising concerns about the sustainability of massive AI infrastructure investments.
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