Companies Are Spending 5x More on AI Now
Enterprise AI spending has surged to nearly five times last year's level, largely propelled by the rise of AI agents. Menlo Ventures' report highlights how Anthropic and OpenAI are capturing market share and how the shift from seat‑based licensing to token‑based pricing is reshaping budgets.
- AI expenditure is up roughly 5x year‑over‑year, driven by the rapid adoption of AI agents.
- Anthropic and OpenAI are the dominant players capturing the bulk of the growing market.
- Businesses are moving from seat‑based licensing to token‑based consumption models, altering cost structures and budgeting approaches.

