Charted: AI adoption inside U.S. companies is soaring
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Companies in the U.S. are splashing out on AI — an increasing share are signing up for paid subscriptions to ChatGPT and other models.
Why it matters: AI adoption is happening quickly, and the race to grab market share is far from settled.
How it works: Ramp, a company that offers corporate credit cards and expense-management tools, has been tracking actual business spending on AI subscriptions since 2023, from roughly 50,000 companies nationwide.
The big picture: Adoption rates are soaring. The share of companies spending on AI subscriptions rose to 47% in January from 26% a year ago.
- So far, OpenAI is leading the race, with 37% of companies paying for its ChatGPT.
- But Anthropic is growing quickly. In January, 17% of companies were spending on its Claude model, up from just 4% last year.
Yes, but: Ramp was only founded in 2019. Firms that use its platform tend to be "tech forward," says Ara Kharazian, the company's economist, who compiled its AI index.
- That may skew the numbers a bit.
- On the other hand, the data doesn't capture the share of companies simply using free versions of AI models.
The intrigue: There isn't yet reliable federal data tracking what share of companies in the U.S. are using AI.
- The Census Bureau last month updated a question on the topic asking companies, "in the last two weeks, did this business use AI in any of its business functions?"
- Previously, the question had been phrased more narrowly.
What to watch: Will adoption continue at this rapid pace?
- "It's a really competitive market, I don't think people realize the pace of development that's happening and how unusual it is," Kharazian says.
