A September 18, 2026, report found that major Chinese AI developers combined generated only 10 percent of OpenAI and Anthropic's revenue, despite higher valuations and lower operational costs. The revenue gap reflects market disparity despite investor enthusiasm.
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Chinese artificial intelligence models from seven major developers combined generate only about 10 per cent of the revenue reported for OpenAI and Anthropic, even as investor enthusiasm remains intense, according to US-based research firm Rhodium Group. The Chinese AI models earned an estimated US$10.7 billion in annual recurring revenue (ARR) from March to August, a fraction of the more than US$1