The four-year-old corporate credit card startup is using OpenAI's GPT-4 and billions of dollars of transaction data to tell businesses whether quoted software prices are a good deal—or not.
Ramp CEO Eric Glyman , CTO Karim Atiyeh and CPO Gene Lee cofounded the corporate credit card firm in 2019 after selling a price-tracking startup to Capital One.s the world's largest companies swarm around artificial intelligence, corporate credit card and expense management startup Ramp is leveraging the technology to dive deeper into customer savings—joining a small but growing wave of fintech firms hopping on the trend for customer service, automation and more.
"For many people going to [software-as-a-service] vendors, it's very hard these days to know that you're getting a great price," Ramp cofounder and CEO Eric Glyman, 33, tellsof the company's new AI-powered contract analysis tool."Often your only resort is to go to a pricing page that may not tell you anything, or ask around."
are already using artificial intelligence to help lawyers analyze contracts, Glyman says he believes Ramp is the first company bringing large-scale pricing data to consumers.CEO Satya Nadella, who led the storied tech giant through its $10 billion investment in OpenAI this January, has come on board as a Ramp investor and advisor, in addition to Quora CEO Adam D'Angelo, Instacart chief Fidji Simo and Stanford AI Lab professor Chris Ré.
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