rotative
the decoder · May 18, 2026

AI startup revenue hits $80B; Anthropic, OpenAI take 89%

top 34 ai startups generate $80 billion in annual revenue, up 112% in six months, with anthropic and openai capturing 89% of the total.

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the information reports that the top 34 ai startups now generate $80 billion in annual revenue, a 112% increase in just six months. anthropic and openai command 89% of this revenue, with anthropic passing openai due to strong demand for its coding tools, despite sharing income with amazon and google. perple xity, elevenlabs, and cognition each surpassed $500 million in revenue. however, the market is heavily skewed, as anthropic and openai burn over $30 billion combined annually on compute, leaving smaller players to fight for scraps.

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