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Ramp CEO: AI Spending Surged 21x

Ramp Co-CEO Eric Glyman says companies increased their AI spending nearly 21-fold over the past year. He attributes the surge to AI’s potential returns and concerns about inefficient or excessive employee spending, while highlighting Ramp’s reported $1 billion in savings and $44 billion valuation.

Bloomberg TechnologyMedia22h ago#ai-spending#cost-management#enterprise-ai
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