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Rhodium Group

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Chinese AI firms trail OpenAI, Anthropic by 10x in revenue, Rhodium finds

Rhodium Group estimates that all major Chinese AI companies combined—including DeepSeek, MiniMax, Moonshot, Z.ai, ByteDance and Alibaba—generate roughly one-tenth the annualized revenue of OpenAI and Anthropic alone. DeepSeek's estimated annual recurring revenue is just $500 million, while OpenAI's reaches $40 billion and Anthropic's $65 billion.