According to Ramp’s July AI Index, Anthropic’s AI solutions were used by 43.5% of U.S. businesses, a 1.1 percentage point increase month-over-month. OpenAI followed with a 39.7% share, up 0.23 point, while xAI reached 4.0%, rising by 0.94 point. Despite its leading position, Anthropic’s Fable 5 model accounted for only 6% of tokens purchased and 11.4% of total spend, whereas OpenAI’s GPT-5.6 Sol concentrated 25% of tokens and 23% of spend. Ramp’s data, which tracks AI product payments through its business card and invoice services, suggests that Anthropic maintains an edge in business adoption. Market participants are closely monitoring these developments, as they could influence Anthropic’s valuation prospects by year-end.
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