Analysts estimate 70% of Big Tech AI revenue comes from OpenAI, Anthropic

Citing Wells Fargo, Barclays, and UBS notes, Ed Zitron reports that 70% or more of Microsoft, Google, and Amazon's AI revenues come from either OpenAI or Anthropic. UBS estimates the two labs' compute spend will reach 48% of Google Cloud revenue next year, and Bloomberg followed up with a report tied to OpenAI's $24.1 billion spending.