US AI is generating far more revenue than Chinese AI: As of the end of September, OpenAI and Anthropic had a combined estimated annualized revenue run rate of $105 billion. This is nearly 10 times the $11 billion generated by 6 Chinese AI companies, including Alibaba, ByteDance, DeepSeek, Z Dot ai, Moonshot AI, and MiniMax. ByteDance accounted for 36% of this figure at $4 billion. In Q3 alone, Anthropic's sales grew +47% QoQ, to a record $17 billion. At the same time, OpenAI revenue surged +50% to a record $10 billion. By comparison, DeepSeek's annualized revenue run rate doubled in September, but stands at just $1 billion. US tech firms remain in the lead of the AI race.