Estimated at $105 billion... Combined OpenAI and Anthropic, 9.5 times that of 6 Chinese companies

OpenAI and Anthropic together are estimated to generate about $105 billion in annualized revenue, roughly 9.5 times the combined $11 billion estimated for six major Chinese AI firms—ByteDance, Alibaba, Z.ai, Moonshot AI, DeepSeek and MiniMax—according to an Epoch AI report published October 6. The report compares AI-related revenue and business models across the eight companies rather than the two countries' AI industries as a whole. Anthropic accounts for $65 billion of the U.S. total, underscoring how heavily the revenue gap is concentrated in a single model developer. The comparison matters because it quantifies how far Chinese AI players still lag U.S. leaders in monetization despite competitive models. Next, watch whether Chinese firms can convert usage into revenue and whether the U.S. lead widens further as enterprise adoption grows.