Microsoft shares under some pressure, but off of the lows of the day, after reporting from our own Steve Kovac,

Microsoft pushing back on these reports that has lowered its AI software sales targets.

Company out with a new statement a few moments ago saying the information story inaccurately combines the concepts of growth and sales quotas,

which shows their lack of understanding of the way a sales organization works and is compensated. Aggregate sales quotas, which shows their lack of understanding of the way as sales organization works

and is compensated.

Aggregate sales quotas for AI products have not been lowered as we informed them prior to publication.

The information updating its headline to say instead that it's lowering its software growth

targets.

Meantime, we're getting some fresh data from Ramp on enterprise AI spending and what it

might mean for the so-called agent economy. And for that, we'll turn to Deer DeBosa and today's tech check.

Hey, Dee. Hey, morning, Carl. So what the data shows is that this isn't just a Microsoft story. This may be a reset

moment for the agent economy at large. Even Sam Altman in his internal code red memo that we've been talking

about, he said that Open AI will shift resources away from agents to fix the core chat GPT

experience. So you have two of the biggest AI players tempering expectations around these new

agent products, or put simply, workflow automation. Now, that new data from Ramp, it shows, however,

that Anthropic just saw one of its biggest monthly gains in AI enterprise adoption, while OpenAI,

still the leader, is seeing its growth moderate. But it isn't chatbots or agents for Anthropic.

The data says that the real growth is an API spend. So put another way, guys, agents are top down.

They're sold to executives.

API's, they're bottom up, adopted by the builders at these organizations.

And that is a key distinction because enterprise agents, they may be hitting friction,

but usage as a whole is not, and that is where Anthropic is winning.

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