Perspective

For all the fears of over-investment, AI is spreading across enterprises at a pace with no precedent in modern software history. Our data indicates companies spent $37 billion on generative AI in 2025, a 3.2x year-over-year increase.

Long dismissed as a digital laggard that trailed years behind every major innovation wave, healthcare has flipped the script. The $4.9T industry is now deploying AI at 2.2x the rate of the broader economy.

AI’s consumer tipping point has arrived. 61% of American adults have used AI in the past six months, and nearly one in five rely on it every day. Scaled globally, that translates to 1.7–1.8B people who have used AI tools, with 500–600M engaging daily. This is no longer experimentation; it’s habit formation at an unprecedented scale.

Chime (CHYM) is trading on the Nasdaq after a 13-year journey to “unite everyday people to unlock financial progress.” Menlo Ventures wishes Chris, Ryan, and the entire team our heartiest congratulations for building a truly beloved product that helps millions of customers lead healthier financial lives.

The Anthology Fund is a $100 million initiative created through a partnership between Menlo Ventures and Anthropic to fuel the next generation of AI startups.

At Menlo Ventures, we remain excited about the future of cybersecurity, particularly companies leading with AI innovation.

Unlike previous generations of software that primarily addressed low-level, sequential tasks that could be robotically executed, new cognitive architectures enable AI agents to dynamically automate end-to-end processes.