INSIGHT · US
Top 1% of U.S. firms spend $7,400 per employee on AI; median company $11.95
Ramp's AI Index shows the top 1% of U.S. businesses spent a median $7,400 per employee on AI in July, while the top 10% spent ~$650 and the median company just $11.95—a 600x disparity that signals AI adoption is highly concentrated.
WHY IT MATTERS
BFSI incumbents in the top 1% are already running parallel AI stacks (LLMs, agents, RAG) at scale; laggard banks have a narrowing window to build in-house AI capability before competitive disadvantage becomes irreversible.
Source: PYMNTS · 2026-08-17