Ramp is a fintech company offering corporate cards and spend management software, and its transaction data is often used to track business spending trends. Recent coverage focused on Ramp's AI spending data and research: the Ramp AI Index shows usage up about 50% since spending peaked in July while prices fell, 56% of 70,000 companies paid for AI in August, and a Ramp and Revelio Labs study of 21,559 US firms found top AI spenders had about 10.2% more employees 24 months after adoption.
Study: heavy AI spenders grew headcount fasterA Ramp and Revelio Labs study of 21,559 U.S. companies found top AI spenders had about 10.2% more employees 24 months after adoption than later adopters, with entry-level headcount up about 12%. The study measures employment growth within adopting firms and cannot determine whether AI displaces jobs.
Ex-Ramp engineers raise $25M for AI ad platform MeliusNew York-based Melius announced $25M in total funding, comprising a $20M Series A led by CRV and a $5M seed round led by General Catalyst. After scrapping its original AI marketing-optimization product and codebase, it pivoted to AI-generated ad creative and video, reaching over $1M in annualized revenue within two months of launch.
Ramp AI Index: businesses use more AI but pay lessThe Ramp AI Index from Ramp economist Ara Kharazian shows US companies are spending less on AI, mainly due to price cuts on top models and cheaper, more efficient standard and lite models, driven almost entirely by competition between OpenAI and Anthropic. Usage has risen about 50% since spending peaked in July and hit a record high in late September; in the last week of September, Anthropic took 51% of token spending and OpenAI 44.5%, while open-source models were under 5%. The index tracks over 70,000 US companies, covers only API spending and skews toward large AI customers.
Ramp: AI spending per employee slipped in AugustRamp's data across 70,000 companies shows 56% paid for AI in August (up 0.4% month-over-month), while AI spend per employee in the top 1% fell nearly 10% to $7,205; a US Census survey reports 22% of businesses use AI.
The A.I. Daily