Zip unveils suite of AI agents
0
Leveraging Zip's agentic AI suite for procurement, companies can now eliminate millions of hours of manual, tedious work currently plaguing every department across the enterprise - from tariff assessments to contract reviews, compliance checks, and more. With this launch, Zip introduces agentic procurement orchestration, a breakthrough new category that automates the entire purchasing process, giving the world's largest organizations a competitive edge in an increasingly volatile and resource-tight global market.
Procurement represents the second-largest spend category after payroll, yet remarkably few organizations have successfully applied AI, leaving trillions of dollars managed through manual, error-prone processes. Zip, which became the first procurement platform to introduce generative AI features back in 2023, has already helped hundreds of global companies streamline purchasing - delivering over 4.6 million actionable AI insights and saving customers billions. Today's launch represents a fundamental leap forward as Zip moves beyond AI-assisted workflows to deploying intelligent agents that autonomously complete entire tasks on their own.
'Today Zip is cutting through the agentic AI hype with AI agents that actually work,' said Rujul Zaparde, Co-Founder and CEO of Zip. 'Not vague chatbots. Not generic assistants. Real, specialized AI agents that do one job and do it perfectly. Zip's approach to agentic AI is going to make global companies more secure, save them millions of hours of laborious work, and generate billions in hard-dollar savings.'
OpenAI, Canva, Wiz, and Webflow are among the first companies to leverage Zip's groundbreaking AI agents. These and other long-time Zip customers have collaborated closely within the Zip AI Lab - launched during the company's landmark Series D funding round - flagging pain points across the purchasing lifecycle that the platform now addresses autonomously.
'We've worked closely with the Zip team to power their agentic platform and it's been really exciting to see how quickly they've turned real-world procurement pain points into focused AI task agents with our APIs,' said Kathryn Devlin, Head of Procure-to-Pay Operations, Travel and Expense at OpenAI. 'As part of our overall collaboration, we're excited to be among the first to integrate their AI agents to help manage spending and drive efficiency across the organization.'
Zip's Agentic AI Suite at a Glance
Zip's suite of 50+ AI agents enables customers to automate complex procurement tasks, including:
AI Agent Builder: Provides an easy, no-code platform to build, customize, deploy and train AI agents.
Tariff Analysis Agent: Dynamically assesses the impact of global trade policies on vendor pricing, helping companies navigate complex international procurement landscapes.
Competitive Research Agent: Surfaces vendor alternatives and market rates to inform smarter, more strategic sourcing decisions.
RFP Generation Agent: Drafts tailored Request for Proposal documents based on specific purchase requirements, dramatically reducing manual preparation time.
DORA Assessment Agent: Screens vendors for DORA exposure and surfaces red flags for legal and procurement.
GDPR Compliance Agent: Flags potential privacy risks in vendor documents, ensuring regulatory compliance.
ESG Profile Agent: Identifies and evaluates ethical and sustainability concerns in potential supplier relationships.
'We live in a world where procurement leaders need to utilize AI for our advantage, and Zip's approach to agentic AI does exactly that,' said Idan Cohen, Technology Procurement at Wiz. 'We'll save so much time on the technical work and day-to-day tasks that we need to do as part of the procurement process, and be enabled to really focus on what we're supposed to do - being a true partner to the business and to our vendors.'
"Zip created an entirely new category of procurement applications, so it is appropriate to see them pressing forward and launching a suite of AI Agents, plus an AI Agent builder, that will drive efficiency, compliance and, ultimately, savings. Shaped by input from many of their hundreds of clients, Zip is providing a pathway to the future of procurement. We can't wait to see Zip Agents in action," said Patrick Reymann, Research Director, Procurement and Enterprise Applications, IDC.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


The Independent
16 minutes ago
- The Independent
The Trump family has raked in an astonishing $3.4 billion over his two presidencies, new report claims
President Donald Trump and his family may have made billions off his two presidencies, a new report claims. The New Yorker reports that Trump and his family have pocketed an estimated $3.4 billion thanks to his two terms as president. Its tally includes profits from cryptocurrencies, the president's MAGA-branded merchandise and his Mar-a-Lago estate. The outlet estimated that, thanks to Trump's two presidencies, the family has made $2.37 billion from cryptocurrency; $339.6 million from financial ventures; $270.8 million from hospitality; $116 million from media; and $277.7 million across other sources, including his private jet, legal fees and merchandise. In response to this report, White House Press Secretary Karoline Leavitt told The Independent: ' The claims that this President has profited from his time in office are absolutely absurd — in comparison to what he could have made if he didn't have to deal with the fake news and corrupt political opponents, the President has lost hundreds of millions of dollars to serve this country.' 'The American people love him precisely because he is a successful businessman, not in spite of it,' Leavitt added. 'The Trump Family is highly respected for always conducting their dealings by the book, unlike past presidents, such as the Biden Crime Family. President Trump has always practiced integrity and transparency, which is why he is and has been forthcoming in sharing his financial disclosures.' Much of the Trump family's estimated earnings have come from various cryptocurrency ventures, The New Yorker reports. This includes an estimated $385 million in profit from the coins $TRUMP and $MELANIA, which he launched just before Trump took office in January, according to the outlet. The Independent has reached out to the Trump Organization and Trump Media for comment. While the president has embraced cryptocurrency, so have his allies. About one in five of Trump's high-level cabinet picks hold significant assets in cryptocurrency, according to a July analysis by The Washington Post. At the time, White House spokesperson Harrison Fields said these figures reflected the success Trump's picks had in the private sector and insisted there were no conflicts of interest. In addition to his cryptocurrency ventures, The New Yorker estimates Trump has made an estimated $27.7 million from his Trump Store merchandise. The outlet noted that Trump is the first Presidential candidate to run a private online store, which competes with his campaign to sell MAGA merchandise. The New Yorker's total included an estimated $1.3 million from Trump's 'God Bless the USA' Bibles and $2.8 million from Trump-branded watches. These figures were previously reported in Trump's 2024 financial disclosure report, which was released in June. Trump reported more than $600 million in income on the form, according to Reuters. The New Yorker estimates Trump's presidencies have also generated an extra $125 million in profit from his Mar-a-Lago estate in Florida. This estimated extra profit came, in part, from Trump's own campaign events at the club, as well as events held by other GOP candidates, organizations and high-profile figures, the outlet reports. In its estimate, The New Yorker also included an estimated $100 million from supporters' contributions that Trump reportedly used to pay for legal fees. While a political campaign fund can't be used for a candidate's personal legal battles, a loophole allowed him to convert campaign funds into political action committees, which are subject to looser restrictions, the outlet claimed. This cash funded his defense across several cases, including Trump's historic hush money trial last year, according to the report. In that case, a Manhattan jury found Trump guilty of 34 counts of falsifying business records to cover up a payoff to adult film star Stormy Daniels during his 2016 campaign. Trump has denied any wrongdoing and is appealing the conviction.


The Independent
16 minutes ago
- The Independent
Your security check at the airport might get faster — just need to scan your face first
Travelers in U.S. airports may be able to move through the security line a little faster now — if they're willing to let the government scan their faces. The Department of Homeland Security is now using facial recognition software in its TSA PreCheck Touchless ID lines. Those lanes are separate lanes from the typical PreCheck lanes, which have reportedly become slow as more travelers take advantage of the service, according to the Washington Post. The program started in 2021 at Dallas-Fort Worth International Airport, but is now available in 15 airports. Those airports include: Chicago O'Hare; Dallas-Fort Worth; Denver; Detroit Metropolitan; Harry Reid; Hartsfield-Jackson in Atlanta; JFK; LaGuardia; LAX; Newark; Portland International in Oregon; Ronald Regan; Salt Lake City; San Francisco and Seattle-Tacoma International Airports. Some lanes are only available with certain airlines at certain airports. Travelers hoping to jump into the supposedly faster lines should check before traveling if their airport and airline use the service. For travelers who don't mind letting the fed scan their faces, they have to first be a TSA PreCheck member with a valid Known Traveler Number and an active airline profile — like a loyalty program — as well as a valid passport. The facial recognition lanes can be faster than other security lines. For one, travelers don't have to stop to hand over their IDs to TSA officials. They simply walk through the line dividers until the reach the luggage X-ray machines. The other reason is that the line is relatively new and hasn't been inundated with travelers — yet. Reporters at the Washington Post that tried the new program reported that during one attempt the facial recognition machine was under maintenance, and during the second, a Touchless ID symbol did not print on their boarding pass, and they were not able to time how long going through the line without issue would take. The major question looming about facial recognition technology is Americans' privacy and how that data will be stored and used. Critics of the technology cited a 2019 incident in which a DHS data breach compromised the photos of American travelers. The information was accessed through one of the DHS's subcontractors, according to the Washington Post. The TSA said that its databases are encrypted and that traveler information is protected from breaches. A new bill in the Senate would allow for airport officials to scan travelers' faces, but only if they opt-in to the technology. It would ban using the tech for anything other than verifying people's identities, and require the agency to immediately delete the facial scans once the check is complete. Right now, travelers can opt out of facial recognition scanning by telling airport security you'd prefer a "standard ID check."


The Independent
16 minutes ago
- The Independent
Demand for power set to surge in the next 18 months. Here's what it could mean for your bill
U.S. consumers may see their energy bills continue to rise, following a surge in demand for power over the next 18 months. According to a new report from the Energy Information Administration, the demand is largely fueled by data centers – some of which power online use of AI. The EIA's Short-Term Energy Outlook, released Tuesday, forecasts an increase in U.S. annual electricity consumption in both 2025 and 2026, which will surpass the all-time high reached in 2024. 'We expect electricity sales to the commercial sector to rise by 3.0 percent in 2025 and 4.5 percent in 2026, driven largely by more demand from data centers,' the EIA forecast states. Electricity sales to industrial consumers, meanwhile, will rise by 2.0 percent in 2025 and 3.5 percent in 2026. The surges are likely to mean continuing increases in electricity bills across the country. The EIA analysis predicted that retail electricity prices for households will increase by 4 percent in 2025 when compared to 2024. However, the report also notes that this is not unusual, as prices have increased by about 5 percent on average each year since the pandemic. According to previous reports by the EIA, U.S. consumers spent an average of about $1,760 on electricity expenditures in 2023, with an increase of around 13 percent possible by 2026. At the time, the EIA noted that forecasts for retail electricity price increases differ across the country, with residential electricity prices in the Pacific, Middle Atlantic, and New England census divisions—regions where consumers already pay much more per kilowatt-hour for electricity— would likely increase more than the national average. By comparison, residential electricity prices in areas with relatively low electricity prices may not increase as much, the administration said. The figures are in contrast to previous energy use, which, according to the administration, was 'essentially flat for nearly two decades.'