US corporate AI spending hits a new high in October, but growth slows to 1.65 percent
AI-generated summary US corporate AI spending reached a new high in October 2026 with a modest month-over-month increase of 1.65 percent according to data from Ramp. Business customer spending on OpenAI grew 2.1 percent while Anthropic grew 0.5 percent and overall AI adoption rose to 56.8 percent.