Menlo report: enterprise AI spend 5.4x to $177B, Anthropic API share jumps to 55%
mmurph · x · 2026-11-03
Menlo Ventures' 2026 State of Enterprise AI report: deployment spend surged 5.4x to $177B (from $33B), with every model-development dollar generating $1.70 of revenue. Anthropic's enterprise API share rose 40%→55%, OpenAI's 27%→31%, Google's fell 21%→9%; frontier labs take 69% of deployment dollars. OpenRouter agent traffic is up 37x since overtaking human traffic in February. Coding ($34B) and chatbots ($25B) make up 76% of the $77.3B app market; open-source holds 19% of usage but only 4% of spend; 55% of AI spend is net new budget.
Related event: Enterprise AI Spending Soars to $177B as Anthropic's API Share Hits 55%(3 posts)→
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