Menlo Ventures：2025年企业生成式AI现状报告（英文版）

For all the fears of over-investment, AI is spreading across enterprises at a pace with no precedent in modern software history. For nearly three years, AI enjoyed unwavering confidence and record capital flows. The surge crowned Nvidia the world’s most valuable company.1 Foundation models announced close to $1 trillion in AI infrastructure commitments. Venture funding surged back toward all-time highs, with nearly half of it concentrated in just a handful of frontier AI labs