Beyond the Hype: What Ramp’s Spend Data Reveals About AI Adoption in Private Equity

Most conversations about AI adoption rely on surveys, stock market swings, or expert opinions. Ara Kharazian, Lead Economist at Ramp, has something better: real transaction data from thousands of businesses showing exactly where, how, and how much companies are actually spending on AI.Ramp's position as a corporate card and spend management platform gives Ara access to line-item receipt data across a wide swath of the economy - tracking which LLMs companies are buying, how spend is evolving, and what's actually driving adoption. In this episode, Ara breaks down the findings from our joint white paper with Ramp, AI in PE: Ahead of the Market, Behind the Curve. Notably, why PE-backed companies are outpacing the broader market - with 59% actively spending on AI versus 41% of non-PE peers.Read the full AI in PE: Ahead of the Market, Behind the Curve white paper here https://www.accordion.com/ai-in-pe-ahead-of-the-market-behind-the-curve For more on Ramp, visit https://ramp.com/partners/accordion AI & PE: The Future of Value Creation is brought to you by Accordion.