GoKawiilRamp data shows AI spending growth stalling at top companies in August
Payments firm Ramp's survey of 70,000 businesses found only 56% paid for AI tools in August, up just 0.4% from July, marking a sharp deceleration in adoption. Spending per employee among the top 1% of firms fell nearly 10% to $7,205, which Ramp economist Ara Kharazian attributes partly to seasonal vacation effects and partly to falling token prices, now averaging $0.68 per million tokens versus a March peak of $1.15.