The Definitive Guide toAI Data Centers
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Historical (March 2025): enterprise AI token purchase price observed in Ramp business-spend data, ~$10/M → ~$2.50/M in a year

~$2.50/M tokobserved

Value kindobserved — Reported measurements, counts, and specifications keep the precision and scope stated by their source; an exact specification is not treated as a range.
ScopePrices paid by businesses for enterprise AI tokens as observed in Ramp's spend data (March 2025). It is not a measurement of the cost of operating a self-hosted serving stack; purchase price, provider cost, and self-hosted cost have different denominators.
CaveatDated March 2025 observation from Ramp's card and bill-pay spend data; not a self-hosted serving cost. Ramp's 2026 effective token-price index ($1.15/M March peak to $0.68/M on 9 September 2026) is a different series and should not be spliced to this one.
As of2025-03
SourceRamp · Ramp AI Index findings: average cost fell from $10 per million tokens to $2.50 as of March 2025.
Reviewchecking…review by 2027-09-30 · slow cadence
Recorded changeslast 2026-09-04 · 4 revisions tracked
Claim idmarket-average-self-hosted-inference-cost-fell

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