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Express News | Data released by Menlo Ventures on Wednesday shows that spending by companies in the usa on generative ai has soared by 500% this year, rising from $2.3 billion in 2023 to $13.8 billion.
Monroe Venture Capital: This year, corporate spending on ai has skyrocketed by 500%, reaching 13.8 billion dollars.
Data released by Menlo Ventures on Wednesday shows that this year's spending on generative ai has soared by 500%, rising from $2.3 billion in 2023 to $13.8 billion. The report also found that OpenAI's market share in the enterprise ai sector has dropped from 50% to 34%. Anthropic's market share has doubled, increasing from 12% to 24%. The report states that these results are based on a survey of 600 enterprise IT decision-makers, whose companies have 50 or more employees. Menlo is an investor in Anthropic.
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