Ramp Hits $44 Billion Valuation As AI Spending Scrutiny Grows
Ramp raised $750 million as investors bet on finance tools that help companies manage rising AI-related costs.
AI Spending
Uber Questions AI Spending As Returns Become Harder To Justify
Uber's president says rising AI spending is becoming harder to justify as the company weighs returns from tools like Claude Code.
Cramer Says Big Tech Cannot Afford To Cut AI Spending
Jim Cramer argued that major tech companies must keep investing heavily in AI computing and infrastructure capacity.
Anthropic Nears OpenAI in US Business AI Spending as Enterprise Adoption Surges
Ramp data shows Anthropic's Claude is close to surpassing OpenAI in US enterprise AI spending, with business adoption doubling to $8.4B in six months.
Meta Lays Off 700 Employees as It Redirects Billions Toward AI Infrastructure
Meta has cut approximately 700 jobs across Reality Labs, social media, and recruiting teams as CEO Mark Zuckerberg accelerates the company's pivot to AI, with capital expenditures projected to reach up to $135 billion in 2026.
Global AI Spending Forecast to Reach $2.5 Trillion in 2026, Dwarfing Historic Mega Projects
AI spending is projected to hit $2.5 trillion in 2026, a 44% increase from 2025, surpassing the cost of the Apollo Program and Manhattan Project combined.
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