Six Chinese AI Firms Earn About One-Tenth of U.S. Rivals' Revenue
An Epoch AI report estimates that OpenAI and Anthropic's combined annualized AI revenue totals $105 billion, while six Chinese companies—ByteDance, Alibaba/Qwen, Zhipu/GLM, Moonshot AI/Kimi, DeepSeek, and MiniMax—generate approximately $11 billion collectively, about 10.5% of the former. ByteDance's annualized AI revenue is around $4 billion, the highest among Chinese firms. China's AI sector is popularized through open-source models, featuring low usage costs and intense price competition.
Six Chinese AI Companies Generate About One-Tenth of U.S. Firms' Revenue
Epoch AI released a report estimating, based on data from various months, that OpenAI and Anthropic's combined annualized AI-related revenue totals $105 billion. In contrast, six Chinese AI companies—ByteDance, Alibaba/Qwen, Zhipu/GLM, Moonshot AI/Kimi, DeepSeek, and MiniMax—generate a combined annualized revenue of approximately $11 billion, about 10.5% of the former two. Among them, ByteDance-related annualized revenue is around $4 billion, the highest among the aforementioned Chinese companies.
AI in China is widely adopted through open-source models, characterized by low usage costs and intense price competition. Data from Epoch AI shows that on OpenRouter, third-party services account for 75% of the call volume for GLM-5, and 70% of calls for DeepSeek V4 Pro come from external sources.
Source: Nikkei Asia | Epoch AI