Future Is Now TechnologiesBusiness AI spending hit a record in October
Ramp's AI Index shows record spending, slower growth and heavy concentration among the largest companies.
According to Ramp's AI Index, U.S. business spending on AI reached a new high in October, though month-over-month growth slowed to 1.65%. Ramp's data also shows the top 1% of companies account for about 80% of OpenAI and Anthropic revenue, and customer support is a growing use.
Why it matters
Most AI spending still comes from the biggest companies. Our mission is to close that gap, giving the florist, the dentist and the plumber the same kind of tools at a price that fits a small business.
Sources: The Neuron, Nov 12, 2026