AI providers now take 8% of corporate software budgets, Zip data shows

OpenAI, Anthropic, Cursor and Sierra accounted for 8% of Zip customers' software spending in the 12 months to August, up from 1.4% a year earlier. Overall software budgets rose by a median of 13%. The study covered companies averaging 2,400 employees that spent $18 billion over four years.

• AI providers' share of software spend rose from 1.4% to 8% in a year
• Median software budgets at Zip customers grew 13%
• Study covers firms averaging 2,400 staff and $18B over four years
• Zip customers include Snowflake, OpenAI, Datadog, Cloudflare and AMD