AI Spending Patterns: It's Not What You Think

AI software spending has grown 293% YoY in transaction volume, but growth rates are decelerating and vendor metrics are converging toward traditional SaaS benchmarks. Leading AI companies show strong net dollar retention (125-129%) and account expansion despite slowing customer acquisition growth (105% average, 38% median), suggesting the market is maturing as buyer preferences clarify and pricing pressures intensify.