ComputePublished All news from that day
Menlo Ventures estimates 2026 enterprise AI coding spend at $34.0 billion
The figure comes from Menlo's own bottom-up model, and Claude Code and Codex together account for $24.0 billion, or 70%, of it.
Check our sources · 6 facts from 1 sourceMenlo Ventures estimates that enterprises spent $34.0 billion on AI coding tools in 2026, 7.7 times the year before, and that Anthropic's Claude Code and OpenAI's Codex together account for $24.0 billion, or 70%, of it. The figures are in Menlo's "2026: The State of Enterprise AI" report, dated 3 November.
Menlo says AI-native providers hold 96% of the coding market, including the labs' own products. Across all models, it says Anthropic's share of enterprise API spend rose from 40% to 55%, OpenAI's from 27% to 31%, and Google's fell from 21% to 9%.
The report draws on a survey of nearly 400 US enterprise decision-makers fielded by Morning Consult from 8 to 26 September. Menlo says the dollar totals are its own estimates from a bottom-up model, shown as annualised run rate.
Underlined sentences link to the facts we checked. Dotted words open a short explainer.
Fact 4 of 6 · from Menlo Ventures, 3 Nov 2026
Anthropic's share of enterprise API spend increased from 40% to 55%, OpenAI's from 27% to 31%, while Google's fell from 21% to 9%.
Your reaction
We count reactions per story and day, never who reacted. The counts help us choose what goes in the monthly issue. If you are signed in, your own page shows yours too.
We count reactions per story and day, never who reacted. They help choose what goes in the monthly issue.
Check our sources
Every sentence above is checked against this source.
1 2026: The State of Enterprise AI
Open the source archived copy-
Menlo Ventures' report "2026: The State of Enterprise AI", dated 3 November 2026, puts coding spend at $34.0 billion, up 7.7x
citeNovember 3, 2026 ... coding ($34.0B, up 7.7x) and enterprise AI chatbots ($25.0B, up 3.0x)
-
Menlo says Anthropic's Claude Code and OpenAI's Codex combine for $24.0 billion, 70% of the $34.0 billion coding market
citeAnthropic's Claude Code and OpenAI's Codex combine for $24.0B, 70% of the $34.0B coding market, up from about $1B last year.
-
Menlo says AI-native providers account for 96% of the $34 billion coding market, including the labs' own products
citeAI-native providers account for 96% of the $34B market, including the labs' own products (Claude Code, Codex)
-
Menlo says Anthropic's share of enterprise API spend increased from 40% to 55%, OpenAI's from 27% to 31%, while Google's fell from 21% to 9%
citeAnthropic's share of enterprise API spend increased from 40% to 55%, OpenAI's from 27% to 31%, while Google's fell from 21% to 9%.
-
Menlo says the report draws on a survey of nearly 400 US enterprise decision-makers responsible for more than $4 billion in AI spending, fielded by Morning Consult from 8 to 26 September 2026
citenearly 400 U.S. enterprise decision-makers responsible for more than $4 billion in AI spending, fielded by Morning Consult from September 8-26, 2026.
-
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
citeDollar figures for total market size are Menlo Ventures estimates built from a bottoms-up model ... Revenue is shown as annualized run rate.
Every sentence above is checked against this source. Each fact has its own address you can cite.
Source 1 · Menlo Ventures · 3 Nov 2026
2026: The State of Enterprise AI
Menlo Ventures' report "2026: The State of Enterprise AI", dated 3 November 2026, puts coding spend at $34.0 billion, up 7.7x
November 3, 2026 ... coding ($34.0B, up 7.7x) and enterprise AI chatbots ($25.0B, up 3.0x)
Menlo says Anthropic's Claude Code and OpenAI's Codex combine for $24.0 billion, 70% of the $34.0 billion coding market
Anthropic's Claude Code and OpenAI's Codex combine for $24.0B, 70% of the $34.0B coding market, up from about $1B last year.
Menlo says AI-native providers account for 96% of the $34 billion coding market, including the labs' own products
AI-native providers account for 96% of the $34B market, including the labs' own products (Claude Code, Codex)
Show all 6 factsShow fewer facts
Menlo says Anthropic's share of enterprise API spend increased from 40% to 55%, OpenAI's from 27% to 31%, while Google's fell from 21% to 9%
Anthropic's share of enterprise API spend increased from 40% to 55%, OpenAI's from 27% to 31%, while Google's fell from 21% to 9%.
Menlo says the report draws on a survey of nearly 400 US enterprise decision-makers responsible for more than $4 billion in AI spending, fielded by Morning Consult from 8 to 26 September 2026
nearly 400 U.S. enterprise decision-makers responsible for more than $4 billion in AI spending, fielded by Morning Consult from September 8-26, 2026.
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
Dollar figures for total market size are Menlo Ventures estimates built from a bottoms-up model ... Revenue is shown as annualized run rate.
Topics
The morning email
On the mornings we publish: the three top stories and up to four short ones. Free.
We email you a link to confirm. An issue may include one sponsor, always labelled Sponsored · Advertisement. Our emails count opens and clicks, not who made them. Unsubscribe in one click. What we keep