Eisman Claims OpenAI and Anthropic Drive 70% of Big Tech AI Revenue

Steve Eisman asserts OpenAI and Anthropic generate 70% of major tech AI revenue, warning Chinese open-source models could trigger price wars if incumbents falter.

Woofun AI reports that investor Steve Eisman stated on CNBC that OpenAI and Anthropic are central to the AI sector's success. He estimates these two firms generate approximately 70% of AI-related revenues for Microsoft, Amazon, Alphabet, and Oracle, alongside 25% to 35% of their cloud income. Eisman warned that disruptions to either company could allow cheaper Chinese open-source models to capture market share, potentially igniting an industry-wide price war. He disclosed selling his Google holdings last month to hold cash, while Michael Burry has initiated short positions on various AI-linked stocks, including semiconductor ETFs.