Reading up on Ramp

Companies overspend on AI by using costly frontier models for routine work, needing better defaults, outcome-based measurement, and cultural efficiency incentives to unlock far greater value.

Nearly one in four businesses on Ramp now pay for Claude, up from one in 25 a year ago, while OpenAI adoption fell 1.5%.

Ramp introduces Agent Cards, a CLI tool that enables agents to access and interact with structured card-based information.

Ramp's spend data shows compute and hosting vendors for AI agents are the fastest-growing SaaS category as of March 2026.

The release of advanced AI agents triggered a $285bn selloff in SaaS stocks, as markets priced in agents replacing per-seat software subscriptions with custom, outcome-driven workflows.

Capital One acquires fintech Brex for $5.15 billion, a significant discount from its $12.3 billion peak valuation in 2022.

Notion is building custom MCPs, Workers, computer-use agents, and an AI co-editor to transform its platform into an automation hub.

Ramp built its own background coding agent, Inspect, that verifies its work with production tools and now writes roughly 30% of the company's pull requests.