Companies Boost Spending on Flex Offices and AI, Cut Back on Travel

Company spending on co-working spaces is on the up, while business travel is declining, according to corporate card and expense firm Ramp.

The clear winner is WeWork, but the report also pinpoints OpenAI, the maker of popular generative artificial intelligence (AI) chatbot ChatGPT, as another fast-growing budget winner.

The latest Spending Benchmarks report from Ramp, which has tracked patterns over the last quarter of 2022, covers $10 b