The sector already invoices 80,000 million a year, but OpenAI and Anthropic take 89% of the income

Everyone wants to get a piece of the AI ​​pie, but the reality is that the pie today belongs to two companies: OpenAI and Anthropic. This confirms it an analysis from The Information in which the income of the 34 most relevant companies in the market today has been analyzed. The accounts are beginning to be striking, but so is the reality of this new technological duopoly.

The sector doubles income as a whole. According to the data collected by this means, these 34 companies have an annualized income of 80,000 million dollars, about 6,600 million dollars per month. That represents 112% more than six months ago, which means that these companies have grown more than double in that period of time. The most relevant fact is not in fact that.

But in reality Anthropic and OpenAI are the ones thatthey win. That figure would be promising if it weren’t for the other major conclusion of the study: 89% of that income goes to just two companies: Anthropic and OpenAI. The other 32 share “the crumbs”, because almost 9 out of every 10 dollars in income goes to the accounts of these two new technological giants.

This is generative AI. The analysis published by The Information includes the 34 main companies in the generative AI sector. Therefore, hyperscalers (Amazon, Microsoft, Google) or other large technology companies that participate in other areas of the industry. The report is therefore especially striking when it comes to verifying how much these companies are earning, and the reality is clear: they have grown very, very quickly.

But (I). We have two big buts. The first: although both Anthropic and OpenAI are growing significantly in revenue, it must be taken into account that not all of them are for these companies. Anthropic has to give up some of that revenue to both Amazon and Google because they resell their services. OpenAI must also share 20% of its revenue with Microsoft until 2030, which means that this year it will have to pay about $6 billion.

Companies have turned to AI, and the big winners are both OpenAI and Anthropic, which has accelerated exceptionally in 2026. Source: VisualCapitalist.

But (II). The second but is even more important, and is that of a reality that continues to be overwhelming: these companies continue to spend much more money than they earn. OpenAI itself has estimated an expense of 600 billion dollars in computing capacity until 2030, and only in 2026 are their losses expected to triple to 14 billion dollars. It doesn’t matter if you win a lot: you keep losing even more.

With Anthropic there is no recent spending estimate data, but the company itself has a projection of a cash flow of $17 billion in 2028. That is not the same as profits but it is a clear indication of when it expects to stop losing money. The important thing here is that this is an estimate. It could be fulfilled, but it could also not be fulfilled.

The little ones grow. Three of the best-known AI startups have crossed the barrier of 500 million annual revenues since December and they now join Cursor, which achieved it last summer. These are Perplexity, ElevenLabs and Cognition, which demonstrate that they are already capturing part of a market that does not stop growing… and spending.

But the big ones don’t stop distancing themselves. Although all of these startups already have an important dimension, Anthropic and OpenAI are at another level. Both have grown exceptionally and in recent times we have seen the takeover from Anthropic to OpenAI, which already has managed to achieve in market valuation. The creators of Claude were valued at 380 billion in February, but the success of Claude Code and his models in business environments has caused its price to skyrocket. The company plans to raise tens of billions of dollars this summer to reach a valuation of nearly a billion dollars.

Stock market IPOs in sight. Both OpenAI and Anthropic are preparing their respective IPOs, and in both cases they hope to lift each about 60 billion dollars from investors to become companies right off the bat with market capitalizations that could be around a trillion dollars. It is an extraordinary figure, especially considering that at this time only 13 companies around the world they exceed that figure.

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