Ramp CEO Eric Glyman Reveals Corporate AI Spending Trends and Impact
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Ramp CEO Eric Glyman Explains What He's Seeing on AI
In theory, all of this AI spending has to deliver some kind of return. Companies (or other end users) will have to get tangible value from its outputs in order to justify the billions spent on research, chips, energy, and more. So what's actually happening at the corporate level? On this episode, we speak with Eric Glyman, who is the co-founder and CEO of Ramp, which helps corporations manage their expenses. As such, he has front row visibility in terms of what's actually being spent and who is actually getting the money. We talk about trends he's seeing in terms of spending going towards companies like OpenAI and Anthropic, as well as how AI tech is affecting the operations of his own business. This transcript has been lightly edited for clarity.
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How Companies Are Actually Spending Money on AI Now
In theory, all of this AI spending has to deliver some kind of return. Companies (or other end users) will have to get tangible value from its outputs in order to justify the billions spent on research, chips, energy, and more. So what's actually happening at the corporate level? On this episode, we speak with Eric Glyman, who is the co-founder and CEO of Ramp, which helps corporations manage their expenses. As such, he has front row visibility in terms of what's actually being spent and who is actually getting the money. We talk about trends he's seeing in terms of spending going towards companies like OpenAI and Anthropic, as well as how AI tech is affecting the operations of his own business.
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Odd Lots: How Companies Are Actually Spending Money on AI Now
Odd Lots: How Companies Are Actually Spending Money on AI Now In theory, all of this AI spending has to deliver some kind of return. Companies (or other end users) will have to get tangible value from its outputs in order to justify the billions spent on research, chips, energy, and more. So what's actually happening at the corporate level? On this episode, we speak with Eric Glyman, who is the co-founder and CEO of Ramp, which helps corporations manage their expenses. As such, he has front row visibility in terms of what's actually being spent and who is actually getting the money. We talk about trends he's seeing in terms of spending going towards companies like OpenAI and Anthropic, as well as how AI tech is affecting the operations of his own business.
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Eric Glyman, CEO of Ramp, discusses corporate AI spending patterns, highlighting investments in companies like OpenAI and Anthropic, and the impact of AI on business operations.
Corporate AI Spending Trends
In a recent interview, Eric Glyman, co-founder and CEO of Ramp, a company that helps corporations manage their expenses, shared insights into the current landscape of corporate AI spending 123. As the head of a financial management platform, Glyman has a unique vantage point to observe how companies are allocating their resources towards AI technologies.
Investment in AI Companies
Glyman highlighted a notable trend in corporate spending, with significant investments flowing towards prominent AI companies such as OpenAI and Anthropic 12. This pattern suggests that businesses are increasingly recognizing the potential of advanced AI technologies and are willing to invest in external expertise to harness these capabilities.
Justifying AI Expenditure
The CEO emphasized the importance of tangible returns on AI investments. With billions being spent on AI research, chips, and energy, companies and end-users are under pressure to derive concrete value from AI outputs 123. This focus on ROI is likely driving careful consideration of AI spending decisions across various industries.
Impact on Business Operations
Glyman also discussed how AI technologies are influencing the operations of businesses, including his own company, Ramp 12. This suggests that AI is not just an external investment but is increasingly being integrated into core business processes, potentially leading to operational efficiencies and new capabilities.
The Role of Expense Management in AI Adoption
As the CEO of an expense management platform, Glyman's perspective offers valuable insights into the financial aspects of AI adoption. Ramp's position in helping corporations manage their expenses provides a clear view of spending patterns, offering a quantitative look at how seriously companies are taking AI integration 123.
Future Implications
While the interview focused on current trends, the implications for future business strategies are significant. As companies continue to invest in AI, we may see a shift in corporate structures, skill requirements, and competitive landscapes. The ability to effectively leverage AI technologies could become a key differentiator in various industries.
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