Enterprise AI spending shifts from ready-made models to custom agent platforms

Prime Intellect, founded in 2024, hit $100 million annualized revenue by providing enterprises compute infrastructure, reinforcement-learning tools, and evaluation software to build task-specific AI agents. The company raised $130 million at $1 billion valuation in July 2026, backed by Nvidia Ventures, Intel Capital, and Dell Technologies. A customer's agent outperformed leading models on spreadsheet queries—suggesting enterprises now prioritize tailored solutions over generic language models.