AnalysisBusinessAugust 11, 2026

Analyst reports link hyperscaler AI revenue to OpenAI and Anthropic spend

Wells Fargo, Barclays, and UBS analyst notes estimate that over 70% of AI revenues for Microsoft, Google, and Amazon originate from OpenAI and Anthropic. UBS projects that Anthropic and OpenAI's compute spend will reach 48% of total Google Cloud revenue next year.

1 source

Daily brief

Get tomorrow's AI brief in your inbox

More stories today

Open the live feed