US corporate AI spending hits new high in October, but growth slows to 1.65 percent

The Ramp AI Index shows US corporate AI spending reached a new high in October 2026, rising 1.65 percent month over month. The top 1 percent of companies by AI spending paid a median of $10,200 per employee per month, up nine percent, while a typical company spent just $16.32. OpenAI's business customer spending grew 2.1 percent versus 0.5 percent for Anthropic, and the average price per million processed text tokens fell 21 percent.