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Per @arakharazian's Ramp AI Index (posted 2026-07-13), median firm AI spend rose…

2026-07-13 · 23:02 UTC ·@arakharazian ·1 min read

Brief

Arak Harazian frames AI spending as accelerating, citing the Ramp AI Index (posted 2026-07-13) that shows median firm AI spend rose 5.7% MoM in June (from $10.09 to $10.67 PEPM), outpacing May’s 3.8% growth. He highlights heavy concentration—top 10% at $515 PEPM, top 1% at $4,855—and calls the market nascent with room to grow.

Why it matters

Per @arakharazian's Ramp AI Index (posted 2026-07-13), median firm AI spend rose 5.7% month-over-month in June, increasing from $10.09 to $10.67 per employee; May’s growth was 3.8%.

Key details

  • Spending is highly skewed: the median firm in the top 10% spent $515 PEPM, while the median firm in the top 1% spent $4,855 PEPM.
  • Harazian asserts the market is still extremely nascent with broadening adoption and spending concentrated among a small group of heavy users; even advanced firms have teams early in the adoption curve with room to grow spend.
Source evidence

Would remind everyone who says AI is a bubble: AI spending is still accelerating! I don't mean that it's simply growing. I mean the growth rate per-firm is also increasing.

In June, median firm AI spend rose 5.7% MoM, from $10.09 to $10.67 per employee. That was faster than May’s 3.8% growth. As of our latest Ramp AI Index.

The median firm in the top 10% spent $515 PEPM; the median firm in the top 1% spent $4,855.

This is an extremely nascent market with broadening adoption and spending concentrated among a small group of heavy users. Even within highly advanced firms, there are teams early in the adoption curve with room to grow spend.