Ramp’s September 2026 AI Index shows that median AI expenditure among the top 1% of spenders on its platform fell nearly 10% in a single month, dropping from roughly $7,976 per employee in July to $7,205 per employee in August. Average effective token prices dropped 41% to $0.68 per million tokens in early September. Paid AI adoption ticked up 0.4 percentage points to reach 56% of Ramp’s customer base. Anthropic leads on the platform with 43.8% of business adoption share versus 39.8% for OpenAI. Lead economist Ara Kharazian attributed the pullback to seasonal factors and the rapid decline in infrastructure prices.
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