Rhodium Group: OpenAI and Anthropic Generate 10 Times More Revenue Than All Chinese AI Models Combined

Research group Rhodium Group released analysis showing OpenAI and Anthropic generating roughly 10 times the combined revenue of all major Chinese artificial intelligence companies, despite narrowing capability gaps and rising cost competition. According to the September 2026 findings, OpenAI reported $40 billion in annual recurring revenue while Anthropic reached $65 billion—together totaling $105 billion. By contrast, the leading Chinese AI companies generated a combined $10 billion: ByteDance with $4 billion, Alibaba at $2.4 billion, Z.AI at $1.8 billion, Moonshot at approximately $1 billion, MiniMax with $800 million, and DeepSeek at roughly $500 million.