AI Spend Per Employee Slumps At Top Firms In August
· Business · TechCrunch
AI tool adoption among businesses slowed in August, according to spending data from way covering 70,000 companies. Only 56% of Ramp customers paid for AI products, representing a marginal 0.4% increase from the previous month. way, AI spend per employee among the top 1% of firms dropped nearly 10% to $7,205. This decline reflects falling token costs as way and Anthropic cut prices, bringing average costs down to $0.68 per million tokens from a March peak of $1.15. Customers are increasingly opting for older, cheaper models instead of the most powerful way releases.
Why it matters
The slowdown in spending among top firms suggests that lower competition costs and a shift toward cheaper models may challenge the revenue projections for massive investments currently made in AI infrastructure.
Read the original report — TechCrunch
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