[Report: China's AI model revenue is only 10% of leading U.S. companies] According to CNBC, research firm Rhodium Group estimates that the combined ARR of seven Chinese AI model companies, including DeepSeek, Moonshot, Z.ai, and MiniMax, was approximately $10.7 billion from March to August, only 10% of the combined revenue of OpenAI ($40 billion) and Anthropic ($65 billion). Among them, ByteDance leads with $4 billion ARR (as of July), followed by Alibaba with $2.4 billion (as of August).