Ramp Data Shows Business AI Token Use Outpacing Spending Growth

TechCrunch reported on November 6, 2026 that Ramp data show AI token spending grew just 1.5% across August and September 2026, versus 42% month-over-month growth in July, even as token volumes kept rising. The divergence puts a basic assumption under pressure: heavier business AI use does not automatically produce equivalent growth in model-company revenue. The most recent Ramp AI Index shows an October rebound, but not one that closes that gap. Total token spending rose 8.9% in the week ending...