How does this affect OpenAI and Anthropic's IPO plans?

This trend may weaken revenue growth, pressuring valuations ahead of their IPOs.

Are there specific companies that cut spending?

The report did not disclose specific company names or the extent of cuts.

Enterprise customers cut OpenAI and Anthropic AI spending

Q: What alternatives are companies turning to?

Companies are turning to open-source models like Meta's Llama and offerings from Google and Microsoft.

As AI bills spiral, some enterprise customers are cutting spending on OpenAI and Anthropic, opting for cheaper models, creating timing pressure ahead of both companies' IPOs.

June 26, 2026

2 min read

Source: Quartz

According to a report from Quartz, OpenAI and Anthropic are facing a pullback in enterprise spending as some companies switch to cheaper AI models amid rising costs. This development comes at a critical time as both firms prepare for their initial public offerings (IPOs).

Details

Some companies that previously relied heavily on OpenAI and Anthropic have started reducing their spending, preferring open-source models or cheaper alternatives. The report did not disclose specific companies or the extent of the cuts.

Context

This trend occurs as AI companies compete fiercely for enterprise clients, facing competition from open-source models like Meta's Llama and offerings from Google and Microsoft. The financial pressure is mounting ahead of the IPOs, making revenue growth crucial.

What it means for investors

This shift could impact the valuations of OpenAI and Anthropic before their IPOs, as reduced enterprise spending may weaken future revenue. However, the move to cheaper models might be temporary if the companies introduce new features or efficiency improvements.

Frequently Asked Questions

Due to rising AI bills, companies are switching to cheaper models like open-source alternatives.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.