Enterprise AI spend hits 4.7x last year vs a planned 1.9x, Menlo Ventures finds

rohanpaul_ai · x · 2026-11-05

Per Menlo Ventures, enterprises badly underestimated AI's appetite: average 2026 AI spend reached 4.7x 2025 levels against a planned 1.9x (+147% over budget), while the median overshot only modestly (2.2x vs 1.8x planned). The mean-median gap shows a small group of heavy agent users is driving most of the surge.

Related event: Menlo Report: Enterprise AI Spend Surges 5.4x to $177B, Anthropic Hits 55% API Share(26 posts)→

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