This Week In Cloud AI - Enterprise AI: Anthropic Leads as LLM Spending Soars

The latest report from Menlo Ventures reveals a significant acceleration in enterprise spending on large language models (LLM), which has more than doubled from $3.5 billion in late 2024 to $8.4 billion by mid-2025. This rapid growth is accompanied by a shift in market leadership, with Anthropic overtaking OpenAI to become the enterprise foundation model API leader, capturing 32% of the market. Google's rise to the third position with its Gemini models, holding 20% market share, indicates intense competition in this expanding landscape. The report highlights the increasing focus on performance-driven vendor decisions and the dominance of closed-source models, covering 87% of enterprise workloads, as well as the transition of enterprise compute usage towards inference rather than training. Looking forward, the emergence of long-horizon agents is anticipated to herald the next wave of enterprise AI transformation.

• Alphabet (NasdaqGS:GOOGL) last closed at $191.90 down 2.4%.

In other market news, DCI Indonesia (IDX:DCII) was a notable mover up 20% and finishing the session at IDR346,725.00, hitting its 52-week high. In the meantime, Confluent (NasdaqGS:CFLT) softened, down 32.9% to end the day at $17.72, near its 52-week low. This week, Confluent provided earnings guidance for Q3 and the full year 2025 after reporting increased revenue and a reduced net loss for Q2.

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• Microsoft (NasdaqGS:MSFT) ended the day at $533.50 up 3.9%, close to the 52-week high. On Thursday, Microsoft reported strong Q4 earnings and expanded collaborations with BlinkOps for Azure Marketplace integration and with GSE to combat online scams, in addition to announcing a buyback completion.
• Apple (NasdaqGS:AAPL) settled at $207.57 down 0.7%. This week, Apple announced plans to seek mergers and acquisitions to accelerate its AI roadmap, with a significant commitment from CEO Tim Cook.
• Super Micro Computer (NasdaqGS:SMCI) finished trading at $58.97 down 2.9%. This week, Supermicro and Lightbits Labs announced benchmark results demonstrating exceptional performance and scalability of their combined storage solution for demanding workloads.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Sources:

• Simply Wall St
• "Enterprise LLM Spend Reaches $8.4B as Anthropic Overtakes OpenAI, According to New Menlo Ventures Report on LLM Market" from Menlo Ventures on GlobeNewswire (published 31 July 2025)

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