US business spending on AI has slowed to 1.65 percent

According to the Ramp AI Index, corporate spending on artificial intelligence by US companies grew by 1.65 percent in October. This figure marks a new all-time high, although the growth rate has slowed significantly compared to previous periods.

Market analytics show a high concentration of revenue. About 1 percent of client companies continue to generate up to 80 percent of all revenue for key industry developers, including OpenAI and Anthropic.

The customer support segment is emerging as a new driver of market expansion. However, experts note that this area may yield lower margins for companies compared to software automation tasks, which have so far accounted for the majority of corporate AI budgets.