Enterprises are flocking to OpenAI, significantly boosting their AI adoption rates, according to recent transaction data compiled by Ramp. As of April, 32.4% of U.S. businesses had subscribed to various OpenAI products and services, a notable increase from just 18.9% in January and 28% in March. This remarkable growth showcases OpenAI’s stronghold in the competitive AI landscape.
In contrast, competitors are lagging significantly. Ramp’s insights reveal that only 8% of businesses are using Anthropic’s AI offerings, an increase from 4.6% in January but still far below OpenAI’s numbers. Google’s AI subscriptions have even experienced a stark decline, plummeting from 2.3% in February to just 0.1% in April.
“OpenAI is outpacing all other providers on Ramp’s platform in terms of customer addition,” noted Ara Kharzian, an economist at Ramp, in a recent analysis of the data. The Ramp AI Index highlights a rapid business transition toward OpenAI’s solutions, indicating robust demand and effective service delivery.
While the Ramp AI Index does provide insights, it has limitations; it is based on a sample from about 30,000 companies. Furthermore, the method it uses to identify AI spending may overlook some expenditures categorized under different cost centers.
Nevertheless, the evidence points towards OpenAI firmly establishing itself in the growing enterprise AI sector. The company’s own report indicated that it surpasses 2 million business users—up from 1 million last September—underscoring its rapid expansion and solid market position. With projections estimating revenues to reach $12.7 billion in 2023 and potentially $29.4 billion by 2026, OpenAI is poised for unprecedented growth.
Despite not expecting to be cash-flow positive until 2029, OpenAI is considering charging enterprises high fees—up to $20,000 monthly—for bespoke AI solutions designed for specific business applications such as software development and research. Such moves can enhance its revenue streams and solidify its dominance in the AI market.