Ramp Co-CEO on $44B Valuation, $1B Saved, AI Spending

Eric Glyman, Ramp Co-Founder and Co-CEO, discussed the rapid growth in AI-related expenditures, noting that companies have increased their AI spending by nearly 21 times over the past year. This unprecedented surge is driven by both the significant returns AI can deliver and concerns among businesses about inefficient or excessive spending by employees. He speaks with Romaine Bostick & Isabelle Lee on "The Close." (Source: Bloomberg)