Ranked by most recently reported annualized revenue.
Anthropic leads with $47B, ahead of OpenAI ($25B) and xAI ($428M).
Annualized revenue means the latest reported run-rate, not a booked full year, and it comes from press reporting rather than filings — most of these companies are private. Each figure on a company page keeps its own date and source rather than being merged into a single series.
| # | Name | Annualized revenue |
|---|---|---|
| 01 | Anthropic | $47B |
| 02 | OpenAI | $25B |
| 03 | xAI | $428M |
| 04 | Mistral AI | $400M |
| 05 | Moonshot AI | $300M |
| 06 | Cohere | $240M |
| 07 | Z.ai (Zhipu) | $153M |
