Ariel Cohen, CEO and co-founder of Navan, discussed the company's financial performance and strategy in two recent interviews. On the BrewMarkets Daily podcast, he stated that Navan's gross merchandise volume grew 50% year-over-year and revenue grew 40%, and that the company became profitable and cash flow positive. He said Navan saves companies an average of 15% on their travel budgets by rewarding employees who book below budget with personal travel credits. Cohen described competitors such as Concur, American Express, and CWT as "dinosaurs" that are "irrelevant" and have not innovated. At the RAISE Summit in Paris, Cohen said that travel is "so complex, so fragmented, so personal" that an AI agent is needed to handle bookings, changes, and receipts. He said he is "very much more than ever" bullish on humans, adding that the industry has a responsibility to figure out how work will look for people not participating in the current AI-driven economy, warning that "if we'll not figure it out, everybody that are building stuff here will have nobody to sell stuff to."