Chinese AI Models Generate 10% of OpenAI and Anthropic Revenue, Rhodium Group Finds

A report from the Rhodium Group, released on Thursday, revealed that seven major AI firms in China brought in around $10.7 billion in annual recurring revenue (ARR) between March and August. This figure represents roughly 10% of the combined revenue exceeding $100 billion generated by OpenAI and Anthropic. ByteDance led the group with an impressive $4 billion in ARR as of July, while Alibaba followed closely with $2.4 billion reported in August. The analysis covered companies like DeepSeek, Moonshot AI, Z.ai, MiniMax, Alibaba Group Holding, ByteDance, and Kuaishou Technology, which is recognized for its Kling AI video generator. Despite the revenue gap, there remains strong investor interest in the Chinese AI sector.