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

According to data from the Ramp AI Index, US corporate AI spending reached a new high in October 2026, though month-over-month growth slowed to 1.65 percent. Software development teams accounted for the vast majority of tracked spending at 72 percent, while customer support and success departments saw the fastest relative growth. Meanwhile, spending growth for OpenAI outpaced Anthropic, and falling token prices indicate usage is growing faster than overall expenditures. Open article →