Companies Are Spending 5x More on AI Now
The AI Daily Brief: Artificial Intelligence News and Analysis

Companies Are Spending 5x More on AI Now

B1IntermediateNovember 7, 202630 min
  • News bulletin
  • Technology

Companies are spending nearly five times more on AI than last year, and agents are driving the surge. NLW breaks down Menlo Ventures’ latest enterprise AI report, exploring why spending is blowing past budgets, how Anthropic and OpenAI are capturing the market, and what the shift from seats to tokens means for businesses. In the headlines: a massive market selloff, uncertainty around Anthropic’s IPO, and METR’s report on AI accelerating AI research. Check out How We Got Here Ep. 2 - How We Made the Wrong Things Cheap ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://podcasts.apple.com/us/podcast/how-we-got...

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If you surveyed just the mainstream media, you might have the impression that business adoption of AI was in some way impaired or slowing down.

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Like Apple, for example, cutting the amount that engineers can spend per day, which was a story this week.

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If you surveyed just the mainstream media, you might have the impression that business adoption of AI was in some way impaired or slowing down. The stories that make the news about enterprise adoption of AI seem primarily right now to be about companies restricting how much their employees can spend on it. Like Apple, for example, cutting the amount that engineers can spend per day, which was a story this week. And yet when you take a step back, not only has AI adoption in the business sector continued unabated, the speed at which it is growing is actually

0:29

increasing, defying all logic and expectation as it starts from a bigger base. The story of enterprise AI adoption this year is very clearly the story of agents. And that's what we're looking at on today's episode. The AI Daily Brief is a daily podcast and video about the most important

0:44

news and discussions in AI. All right, quick announcements before we dive in. First of all, thank you to today's sponsors, KPMG, CData, Granola, and Blitzy. To get an ad-free version of the show, go to patreon.com slash AI Daily Brief, or

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