Artificial Intelligence

Ramp data shows AI spend tracks hiring gains

Ramp co-founder Eric Glyman told Blackstone that AI-heavy firms doubled revenue and hired more, with token spend now a third pillar.

StartupHub.ai Staff

By StartupHub.ai Staff, Editorial team

1 min read

Eric Glyman discusses Ramp AI spending data on Blackstone stage
Credit: Blackstone

Blackstone brought Ramp co-founder and co-CEO Eric Glyman to detail how corporate AI spending actually looks inside 85000 companies paying through Ramp.

Ramp data shows AI spend tracks hiring gains - Blackstone
Ramp data shows AI spend tracks hiring gains, Blackstone

Glyman said the median is $12 per employee per month on AI and nearly $10000 for the top 1 percent.

He framed tokens as a third pillar beside payroll and vendor spend.

Glyman said firms at $30 per employee per month hired 12 percent more than non-adopters.

Over three years the top AI quartile roughly doubled revenue while the bottom grew about 10 percent, per Ramp data.

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He said AI spend across Ramp grew 21 times in the last year and 55 percent of firms now pay for AI versus 22 to 25 percent in census estimates.

For finance teams the shift is to budget inference like seats, with Glyman pegging inference at $160 to $180 billion against $8 to $10 trillion in US white collar labor.

Blackstone operating partner Tim Coolican said portfolio LLM spend is up 20 times year over year while employment rose 2.7 percent.

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TopicsRampEric GlymanBlackstoneChristine AndersonTim Coolican

StartupHub.ai Staff

Written by

StartupHub.ai Staff

Editorial team

The staff writers of StartupHub.ai, ranging from investment analysts to avid AI tool users, early adopters and critical enthusiasts. Backgrounds span engineering, business and the arts. We hold every piece to rigorous standards of research and review.

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