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Checked fact 493614 Nov 2026Money and compute

Menlo says its dollar figures for total market size are Menlo Ventures estimates built from a bottom-up model, and that revenue is shown as annualized run rate

The exact words it rests on

Dollar figures for total market size are Menlo Ventures estimates built from a bottoms-up model ... Revenue is shown as annualized run rate.

What the source said when we opened it, on 13 Nov 2026.

The source

2026: The State of Enterprise AI
Menlo Ventures · 2026-11-03

Checked

Checked by the notis newsroom on , against the source above.

In the story

Menlo Ventures estimates 2026 enterprise AI coding spend at $34.0 billion 14 Nov 2026

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