Menlo Ventures report: Chinese AI models account for 89% of global open-source model company spending, with Kimi, DeepSeek, and GLM ranking in the top three.
Menlo Ventures released a report stating that Chinese AI models account for approximately 89% of global corporate spending on open-source models. Among them, Moonshot AI's Kimi leads with a 61% share, followed by DeepSeek from DeepSeek Technology at 15%, and Zhipu AI's GLM series at 11%. In contrast, the leading Western model, Meta Llama, holds only a 7% share.
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