Frontier labs now capture 69% of enterprise AI spend, up from 50%
FinanceYF5 · x · 2026-11-04
Menlo Ventures' enterprise AI report shows Anthropic, OpenAI, and Google now take 69% of enterprise AI deployment spend — $122.7B combined, up from a 50% share last year.
- Spend at the three frontier labs grew 7.5x year-over-year, vs 3.3x for everyone else
- Anthropic and OpenAI together hold 86% of enterprise API spend, which the report calls an increasingly two-horse race
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