Cahn: OpenAI and Anthropic generate over $100B in combined revenue
David Cahn · How The AI Bet Pays Off + AI Lab Strategy Game — With David Cahn · Aug 5, 2026 · at 9:12
Sequoia Capital partner David Cahn highlights the revenue concentration of the generative AI market among frontier model developers.
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“Today it's a hundred billion plus across OpenAI and Anthropic. Now there's still two companies driving the vast, vast, vast majority of the revenue in AI.”
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