Ramp data shows AI spending stalling just as Anthropic nears its IPO

RebeccaBellan · x · 2026-11-07

TechCrunch's Rebecca Bellan cites Ramp corporate spending data: AI usage keeps rising, but spending growth is stuttering—fierce competition, price wars, and savvier customers may be capping Anthropic and OpenAI revenue.

This challenges the investor assumption that breakneck growth will continue, and the timing is awkward: Anthropic is nearing its IPO.

Related event: Ramp Data Shows Corporate AI Spending Growth Stalling(2 posts)→

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