TLDR Tech / News
Ramp secures $1.85B; Meta's AI lags Chinese models
Ramp has completed a $1.85 billion funding round, valuing the company at $60 billion, and has launched its Glass AI workspace with spending controls. Co-CEO Eric Glyman noted that Ramp's internal routing system reduced their AI expenses by 30%, though specific cost savings were not detailed. Separately, Meta released an open-weight AI model with 816 billion parameters that performed worse than three competing Chinese open models on Meta's own benchmark.
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