@getpaid.tobehuman: New Ramp data shows a concentration its economist calls “unseen in any other software category”, and it’s not improving. The top 1% skews heavily toward tech and AI companies themselves; reportedly, just two coding tools account for nearly a quarter of Anthropic’s total revenue. Worth noting this is Ramp’s spending data, not official disclosures, but it lands as both companies march toward massive IPOs. Here’s what it reveals: the AI boom’s revenue is largely AI companies buying from AI companies. Meanwhile the actual foundation: data from billions of regular people flows in from everyone. The customer base is 1%. The supplier base is all of us. One of those groups is getting paid. Follow for more insights like this.

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