Chinese AI models generate only 10% of OpenAI, Anthropic revenue despite high valuations

Rhodium Group reports that seven major Chinese AI developers collectively earn about $10.7 billion in annual recurring revenue, roughly 10% of OpenAI and Anthropic's combined $100 billion+, highlighting a stark revenue gap despite intense investor enthusiasm. The report underscores that Chinese AI valuations may be outpacing actual monetization, raising questions about sustainability and competitive positioning.