According to a Rhodium Group report, China’s AI revenues and profitability lag those of US peers. The report says China’s AI models generated around $10.7 billion in combined annual recurring revenue, roughly 10% of recently reported levels for OpenAI and Anthropic, while Chinese AI firms rely on equity, bank loans and other funding channels to sustain investment.
China AI Boom: How is China Financing it? What a US-Based Research Firm Says