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00:02Ramp data shows AI compute adoption is growing,
00:06but spending remains heavily concentrated among the biggest buyers, according to Benzinga.
00:11The top 10% of Ramp customers account for 99.5% of spending on model serving and inference providers
00:18and 99% of NeoCloud spending.
00:21About 10% of software spending businesses on Ramp now pay a GPU compute vendor,
00:26up from less than 4% two years ago.
00:30CoreWeave shows a similar concentration,
00:32with its three largest customers accounting for 72% of second quarter revenue.
00:37The company reported revenue of $2.58 billion, up 112%,
00:42and ended June with a $104 billion backlog.
00:46NVIDIA says AI compute demand is spreading to more customers,
00:49but Ramp data suggests the industry still relies heavily on a small number of big spenders.
00:54NVIDIA reported data center revenue of $89 billion, up 117% year-over-year.
01:00For all things money, visit Benzinga.com.
