Menlo VC · 3 November 2026 · Industry Analysis

2026: The State of Enterprise AI

Menlo VC

Enterprise AI deployment spending surged 5.4x to $177B in 2026, driven by autonomous agents that now consume 80% of model tokens and enable new use cases in coding and customer support; frontier models command 69% of spend despite open-source gaining usage share.

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Topics: AI (Horizontal) · AI Infrastructure · Enterprise Software

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