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OpenAI and Anthropic price war with Chinese rivals
3 items●2 sources●updated 36d ago●trend 0
OpenAI and Anthropic have released cheaper models in response to competitive pressure from Chinese AI rivals, with ChatGPT losing 22 percentage points of web market share over the past year. The price war reflects growing challenges to the US companies' market dominance and trillion-dollar valuations.
- ChatGPT lost 22 web share points year-over-year
- OpenAI and Anthropic both launched lower-cost model variants
- Chinese AI competitors gaining significant market ground
- Price competition threatens US firms' trillion-dollar valuations