Menlo Ventures report says corporate AI spending is 4.7 times the 2025 level, far exceeding the planned 1.9 times budget

Rohan Paul cites a Menlo Ventures report stating that businesses are significantly underestimating AI spending: average expenditure in 2026 is projected to be 4.7 times that of 2025, while budgets only plan for 1.9 times; the median shows only a slight increase (2.2 times vs 1.8 times), indicating that the surge in spending is driven primarily by a small group of heavy AI agent users.