Companies are shifting some of their traditional software spending towards AI service providers like Anthropic and OpenAI. A report titled 'Where Exactly is the AI Budget Going' released by procurement software provider Zip provides supporting evidence. The report shows that in the 12 months ending in August, AI service providers such as OpenAI, Anthropic, Cursor, and Sierra accounted for 8% of total spending among Zip's customers, compared to just 1.4% in the previous 12 months. During the same period, the median total budget for enterprise software increased by 13%.
