Ramp 数据：AI 支出增长停滞，Anthropic IPO 前夕承压
原标题：Ramp data shows AI spending stalling just as Anthropic nears its IPO
AI 摘要
Ramp 报告显示，2025 年 8 月至 9 月企业 AI token 支出仅增长 1.5%，远低于 7 月的 42%，尽管 token 使用量持续上升。Ramp 首席经济学家 Ara Kharazian 指出，OpenAI 与 Anthropic 的 API 降价和企业折扣、开源模型竞争以及企业更精细的成本控制，共同导致支出增长停滞。这一趋势正值 Anthropic 筹备 IPO，其估值据报从 2 万亿美元下调至 1.2-1.3 万亿美元，OpenAI 也下调了估值和融资目标。
正文节选
Companies are using more AI than ever, but they’re not spending more on it. A new report from Ramp shows AI spending flatlined over late summer even as token volumes rose, a sign that price competition and savvier customers may be capping revenue for OpenAI and Anthropic. According to Ramp’s data, token spend only grew 1.5% across August and September. To compare, in July, it grew 42% from the previous month. As Anthropic gears up for its IPO, the data suggests investors might be wrong to assume