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Sources checked October 24, 2026

AnalysisHow much will companies spend checking AI agents' work? →

Topics / Spend and tokens

Spend and tokens

What organizations spend on AI, in dollars and in tokens, and who reports it.

Questions in this topic

Fast facts

$165.1B

Microsoft, Alphabet, Amazon and Meta spent $165.1 billion on property and equipment from April to June 2026, up 87% from $88.2 billion a year earlier.

Primary data · our calculation from filings · Big tech capex tracker

$2.67T

Gartner forecasts worldwide AI spending of $2.67 trillion in 2026, up from $1.79 trillion in 2025.

Estimate · Gartner, September 2026

55.9%

55.9% of US businesses on Ramp paid for AI in September 2026, while 24.6% of US businesses told the Census Bureau they had used AI in the survey period ending October 18, 2026.

Primary data · Ramp AI Index; Census BTOS

Most AI spending in 2026 is forecast to go to infrastructure

Right: Gartner's 2026 forecast by category, drawn to scale. Left: three measured flows, shown as figures only. They cover different periods and populations, so they don't add up to the forecast and aren't part of it.

Where AI money goes in 2026 Gartner forecasts $2.67 trillion of AI spending worldwide in 2026: infrastructure $1.48 trillion, services $576 billion, software $462 billion and six other categories $148 billion. Measured flows into it, not to scale: big tech capital spending $329.9B in January to June 2026, AI venture funding $102 billion in July to September 2026, and 55.9% of US businesses on Ramp paying for AI in September 2026. MEASURED, NOT TO SCALE $329.9B Big tech capex, five companies Jan to Jun 2026 · SEC filings $102B Venture funding to AI startups Jul to Sep 2026 · Crunchbase 55.9% of US businesses on Ramp paid for AI Sep 2026 · Ramp transaction data FORECAST · GARTNER $2.67T worldwide AI spending, 2026 AI infrastructure $1.48 trillion AI services $576 billion AI software $462 billion Six other categories $148 billion WHERE IT GOES
Sources: Gartner, Gartner Forecasts Worldwide AI Spending to Grow 49.5% in 2026, September 16, 2026; SEC filings of Microsoft, Alphabet, Amazon, Meta and Oracle, our calculation; Crunchbase News, global venture funding, Q3 2026; Ramp AI Index, data through September 2026.Estimate

$376.1BFour-company capex, calendar 2025

$85.0BUS data center construction, annual rate, Aug 2026

$102BVenture funding to AI startups, Jul to Sep 2026

Tokens: more of them, at a lower price

Google said at I/O in May 2026 that it was processing more than 3.2 quadrillion tokens a month across its products, up from about 480 trillion a year earlier.

Among businesses on Ramp, the blended price of OpenAI and Anthropic tokens was $0.64 per million in the week ending October 11, 2026, down 25.4% from $0.86 four weeks earlier, while total token spending rose 23.0%.

In that week Anthropic took 60.1% of token spending on Ramp and OpenAI 36.4%.

Token counts and token prices aren't comparable across companies: each counts tokens its own way. For what checking agents' work adds to the bill, see How much will companies spend checking AI agents' work?

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