The AI Riff (Ep30) - “Big Three” (aka: boom, bubble, and the chaos in-between)

This episode breaks down Menlo Ventures’ “State of AI” report — and what the data really says about where enterprise AI is headed (and what everyone’s still getting wrong).Key moments:2:13 — The headline: enterprise AI is the fastest-scaling software category (and the “is this GenAI spend?” debate).4:26 — The shift: money is moving from foundation models to the application layer (shovels vs. gold).7:13 — Build vs. buy flips hard: enterprises are increasingly buying AI solutions from vendors instead of building in-house.11:53 — The messy reality: employees are expensing AI on personal cards… while compliance teams try to keep the company out of the newspaper.Big takeaway: we’re not in the “agent era” yet — most AI spend is still human-prompted — but the vendor ecosystem is accelerating fast, and governance is already playing catch-up.