The latest semi-annual report from Menlo Ventures reveals that the enterprise market for large language models (LLMs) is experiencing rapid growth, with Anthropic taking the lead position for the first time, surpassing OpenAI.
According to a survey of 150 technical executives, companies have doubled their spending on LLM APIs, reaching $8.4 billion in just six months. Anthropic currently holds a 32% share of model usage, ahead of OpenAI at 25% and Google at 20% — a major shift from last year when OpenAI dominated with 50% of the market.
One of the most notable trends in the report is the rise of code generation as a key use case for AI. Developers are increasingly relying on intelligent coding assistants, turning to entire AI ecosystems rather than individual tools.
Another interesting insight is that once companies choose an AI provider, they rarely switch — 66% of users stay within the same ecosystem, simply upgrading to more powerful models instead of changing platforms.
Interest in open-source LLMs among large enterprises has stagnated. Rather than saving money, companies now prioritize performance and stability, which further strengthens the position of major players.
While overall spending is increasing, the key message of the report is that the market is increasingly moving toward a “winner-takes-all” dynamic, where early technological advantage translates into serious competitive strength.
In Brief: Tech World Highlights
- Runway and Luma AI are reportedly exploring the use of their video models to train robots and create simulations as a new revenue stream, according to a report from The Information.
- AI infrastructure platform Fal has raised a new $125 million investment, bringing the company’s valuation to $1.5 billion.
- Agentic AI startup Manus has launched Wide Research, a feature that uses collaboration between agents to allow hundreds of sub-agents to solve a single complex task.
- Figure has released a video on platform X showing its humanoid robot, Figure 02, independently completing an entire laundry cycle — with no human intervention — in the home of CEO Brett Adcock.
- AI video-generation companies Luma and Runway are reportedly shifting focus to robotics and autonomous vehicles as their next major revenue streams.
AI Trending Tools:
- Aleph – A video editing model from Runway, now available via API.
- Command A Vision – A 112-billion parameter VLM model from Cohere, with enterprise-grade security.
- NEO – A new state-of-the-art autonomous machine learning engineer from Neo AI.
