Leading Indicaators LogoData-driven stories on the business news shaping tomorrow

The tokenmaxxing comedown: companies grapple with the AI FOMO premium

Rebecca Moretti
Editorial Lead

Many companies have been in a “move fast and spend tokens” phase. Now, some are realizing they may have moved too fast. A pullback is coming.

Stay ahead of the curve with Leading Indicators

Get data-driven insights on the business news shaping tomorrow in our weekly letter.

Unsubscribe anytime.

Editor's picks

Salesforce reports earnings as companies layer AI workflows over SaaS systems of record

While incumbents are holding the system of record, several AI-natives are seeing breakout growth in adjacent workflow layers and entirely new categories. 

Rebecca Moretti
Editorial Lead
Anthropic beats OpenAI on business adoption

Anthropic just passed OpenAI in paid adoption rate for the first time, according to the latest Ramp AI Index. But Anthropic faces three underrated risks ahead.

Ara Kharazian
Lead Economist, Ramp
The AI race has a new frontrunner but no clear winner

AI model providers have minimal switching costs. That can be good, allowing for surging adoption in a short time span, but it also leads to low loyalty.

Rebecca Moretti
Editorial Lead
The "AI evangelist" exponent

PE partnerships and evangelist hires could supercharge AI adoption.

Rebecca Moretti
Editorial Lead
The “pure manager” layoffs: how AI is reshaping middle management

AI is reshaping the manager role. This reorganization is creating a growing class of “megamanagers,” leaders with a greater number of direct reports.

Gayatri Sabharwal
Content Marketing
Top SaaS Vendors on Ramp (May 2026)

AI inference platforms and web deployment tools dominate this month’s list of the fastest-growing SaaS vendors among Ramp customers.

Ara Kharazian
Lead Economist, Ramp
The next AI frontier: robots

The headlines around robotics suggest we might be on the cusp of the next AI frontier.

Gayatri Sabharwal
Content Marketing
Less panic, more data: how will AI impact your job?

OpenAI and Anthropic released reports on AI’s labor impact within days of each other. Learn about the key takeaways from the research.

Gayatri Sabharwal
Content Marketing
How AI gets built: Jaya Gupta

Foundation Capital's Jaya Gupta discusses context graphs and what they unlock for finance.

Gayatri Sabharwal
Content Marketing
What it takes to build AI agents at scale

Builders from Modal, turbopuffer, and Ramp talk about building deterministic evals, scaling compute for RL, and maintaining design simplicity.

Gayatri Sabharwal
Content Marketing
What CFOs actually need from a bank account

Finance leaders explain why the bank account isn’t the problem — it’s everything around it. It's not built for the day-to-day work of tracking and moving money.

Suman Bhattacharyya
Contributing Writer, Ramp

Latest stories