AI spending growth stalls amid Anthropic's stock market preparations
AI spending growth has hit the brakes, right when Anthropic is getting ready for its big stock market debut.
According to a new Ramp report, AI usage is still rising, but actual spending only grew by 1.5% in August and September 2026, way down from July's huge 42% jump.
Looks like investors might need to lower their expectations for runaway growth in this space.
OpenAI and Anthropic cut API prices
OpenAI and Anthropic have been slashing prices on their APIs, making it a buyer's market but also cutting into their own revenues: Anthropic reportedly lost out on $600 million in growth after recent price drops.
Meanwhile, fresh competition from Jev, a lightweight tool for choosing between a few predetermined outputs, and enterprise offerings from Meta and NVIDIA means companies are mixing cheaper options into their AI stack to save money.
The takeaway? The AI landscape is shifting fast, and everyone's having to rethink what comes next.