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Fable 5

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  1. 2026

    Ramp data shows Anthropic's Fable 5 at only 11% of enterprise AI spend two months after launch

    According to Financial Times reporting citing payment firm Ramp's tracking of spending data from 70,000 businesses, Anthropic's most expensive model Fable 5 accounted for only about 11% of total enterprise spending across Anthropic's product line more than two months after its early June launch, with growth momentum stalling. Analysts and Anthropic investors attributed the shift mainly to Fable 5's high pricing and the sufficiency of older models for most business needs, raising questions about the sustainability of Anthropic's business model as it prepares for a widely expected IPO.

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