US AI Firms OpenAI and Anthropic Generate 10 Times Chinese Rivals' Revenue, Rhodium Group Finds

OpenAI and Anthropic together generate roughly ten times more revenue than all major Chinese artificial intelligence model developers combined, according to a new analysis from the research group Rhodium Group.

The findings, reported by CNBC on September 17, 2026, compare the financial performance of leading U.S. and Chinese AI companies and suggest a significant gap in commercial revenue despite China's rapid advances in developing competitive AI models.

Rhodium Group's analysis found that low revenue among Chinese AI firms does not necessarily translate into lower company valuations, according to CNBC's report. The research group's data indicates some Chinese AI companies maintain valuations that are not proportionally reduced relative to their U.S. counterparts, despite the revenue disparity.

CNBC's report did not specify the precise revenue figures underlying the tenfold comparison, nor did it detail the methodology Rhodium Group used to calculate revenue for either the U.S. or Chinese companies. The report also did not identify which specific Chinese AI model developers were included in the analysis beyond noting the comparison was made against combined revenue from major Chinese firms.

OpenAI, the maker of ChatGPT, and Anthropic, developer of the Claude family of AI models, are among the most prominent U.S.-based companies in the generative AI sector. Both companies have attracted substantial investment and valuations in recent years as demand for AI products has grown.

The comparison comes amid ongoing competition between the United States and China in artificial intelligence development, with both countries' companies racing to build increasingly capable AI models. Chinese firms have made notable technical progress in recent years, according to industry observers, even as questions persist about the commercial monetization of their AI products compared with U.S. counterparts.

Rhodium Group is a research organization that analyzes economic and policy trends, including in the technology sector. Further details of the group's full report, including specific company-level data, were not immediately available.