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CNBC

Business spending on AI surged 500% this year to $13.8 billion, says Menlo Ventures

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Summary
Nutrition label

75% Informative

Business spending on generative AI surged 500% this year , up from $2.3 billion in 2023 to $13.8 billion .

OpenAI ceded market share in enterprise AI , declining from 50% to 34% .

Anthropic doubled its market share from 12% to 24% in a survey of 600 IT decision-makers.

VR Score

87

Informative language

93

Neutral language

36

Article tone

formal

Language

English

Language complexity

42

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

medium-lived

External references

no external sources

Source diversity

no sources

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