Odd Lots How Companies Are Actually Spending Money on AI Now
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Jan 23, 2025 
Eric Glyman, co-founder and CEO of Ramp, shares insights on corporate AI spending trends. He breaks down how major companies are directing funds towards AI giants like OpenAI and Anthropic, revealing the balance between expectation and reality. Glyman discusses AI's role in revolutionizing expense management and enhancing productivity across various sectors. He also highlights the transformative impact of AI on job roles, stressing the need for evolving skills amid these technological shifts.
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AI Spending Shift
- AI product spending has shifted from experimental to operational.
- Customer retention for AI products increased, suggesting integration into workflows.
Granular AI Spending Data
- Ramp's detailed data reveals spending on specific AI products and models.
- This granularity allows for insights into sub-markets, like the rise of Anthropic.
Service as Software
- The concept of "service as software" is emerging, where AI is embedded in workflows.
- Developers use multiple AI platforms, leading to faster market shifts and less lock-in.