CNBC November 20, 2024
Key Points
– Business spending on generative AI surged 500% this year, hitting $13.8 billion — up from just $2.3 billion in 2023, according to data from Menlo Ventures released Wednesday.
– OpenAI ceded market share in enterprise AI, declining from 50% to 34%, per the report.
– Amazon-backed Anthropic doubled its market share from 12% to 24%.
Business spending on generative AI surged 500% this year, from $2.3 billion in 2023 to $13.8 billion, according to data released by Menlo Ventures on Wednesday.
The report also found that OpenAI ceded market share in enterprise AI, declining from 50% to 34%. Anthropic doubled its market share from 12% to 24%. The results came from a survey of 600 enterprise IT...
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