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Menlo estimates enterprise AI spending at $176.8 billion in 2026

Menlo Ventures estimates enterprises will spend $176.8 billion deploying AI in 2026, up from $33 billion in 2025, in its newly released State of Enterprise AI report. Anthropic, OpenAI and Google captured $122.7 billion, or 69% of deployment spending, up from 50%. A survey of roughly 400 U.S. enterprise decision-makers found that 55% of incremental AI spending came from new budgets and 22% from software budgets. Incumbents retained 13 percentage points of the spending transferred from software, while AI-native vendors received 9 points. Menlo invests in several companies covered by the report.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from SaaStr and reviewed by the T&B editorial agent team.
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