How Companies Are Actually Spending Money on AI Now

Odd Lots

Bloomberg

News, Investing, Business, News Commentary, Business News

4.4 • 1.6K Ratings

🗓️ 23 January 2025

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

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Summary

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 toward companies like OpenAI and Anthropic, as well as how AI tech is affecting the operations of his own business.

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0:00.0	89% of business leaders say AI is a top priority, according to research by Boston Consulting Group.
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0:28.0	Are you looking for a new podcast about stuff related to money?
0:32.6	Well, today's your lucky day.
0:34.4	I'm Matt Levine.
0:35.5	And I'm Katie Greifeld.
0:36.9	And we are the hosts of Money Stuff, The Podcast.
0:40.2	Every Friday, we dive into the top stories about Wall Street, Finance, and other stuff.
0:45.2	We have fun, we get weird, and we want you to join us.
0:48.3	You can listen to Money Stuff the podcast on Apple Podcasts, Spotify, or wherever you get your podcasts. Hello and welcome to another episode of the Odd Lots podcast.
1:19.6	I'm Jill Wisentholm.
1:21.0	And I'm Tracy Allaway.
1:22.7	Tracy, we're recording this January 8th.
1:25.1	We ran a good piece in the newsletter this week from Skanda about AI spend as like a sort of like meaningful macro driver or getting close to where it like starts to move the dial.
1:35.8	Yeah, that was a really good piece.
1:37.9	And I have to say some of it is slightly worrying.
1:42.7	But I think one of the big things that's happening now is, okay,
1:45.9	AI has become such a big pillar of the market, right? Like the entire S&P 500, basically.
1:52.1	It's like an AI play. Yeah, it's an AI play. And so at some point, the hype has to be
	...

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