Anthropic and OpenAI combined 89 percent share of revenue among 34 leading AI startups tracked by The Information
Anthropic and OpenAI now capture 89% of revenue among 34 leading AI startups tracked by The Information, up 4.5 points from six months ago. The group generates nearly $80 billion annualized, up 112% in six months. Anthropic recently passed OpenAI in revenue, led by its coding too
Anthropic and OpenAI now account for 89% of revenue generated by the 34 leading AI startups tracked by The Information, according to the publication's latest analysis. That combined share has climbed 4.5 percentage points over the past six months, as the two companies pull further ahead of the broader field of AI application and model providers. The 34 tracked startups together generate nearly $80 billion in annualized revenue, equivalent to about $6.6 billion a month, and that figure has grown 112% over the past six months. Anthropic has recently overtaken OpenAI in revenue within this tracked group, a shift The Information attributes largely to demand for Anthropic's AI coding tools. The Information notes the headline revenue figures are somewhat inflated: both Anthropic and OpenAI share a material portion of their revenue with business partners. Anthropic in particular shares revenue with cloud-computing providers including Amazon $AMZN and Google $GOOGL, which supply the infrastructure behind its models. The concentration matters for the wider AI startup ecosystem. With two companies capturing nearly nine in ten dollars spent across the tracked group, the pool of revenue available to app-layer startups built on top of Anthropic's and OpenAI's models keeps shrinking, intensifying pressure on smaller AI companies to differentiate or find revenue outside model access fees.