The Bleeding Edge

// LLMs

The frontier labs.

Foundation-model builders racing at the frontier. Filter by region or capability; click any card to add or remove it from the comparison below.

Region

Capability

13 labs match · 13 in comparison

US

6 labs

China

5 labs

Europe

1 lab

Other

1 lab

Side-by-side

Comparing 13 labs
Company Comparison
MetricOpenAIAnthropicGoogleMetaxAIAmazonDeepSeekQwenMoonshotZhipuByteDanceMistralCohere
CountryUSUSUSUSUSUSCNCNCNCNCNFRCA
Founded2015202120102013202320232023202320232019202420232019
Flagship ModelGPT-4o / o3Claude Opus 4 / Sonnet 4Gemini 2.5 ProLLaMA 4 Scout / MaverickGrok-3Nova ProDeepSeek V4 / R2Qwen3 / HappyHorse 1.0Kimi K2GLM-5 / GLM-4.5Doubao 1.5 ProMistral Large 2Command R+
ARR$24B$30BN/A (cloud revenue ~$12B/q)N/A (open-weight, no API revenue)N/A (bundled in X Premium)N/A (Bedrock revenue undisclosed)N/A (open-weight, no API revenue)N/A (bundled in Alibaba Cloud)Undisclosed (subscription)UndisclosedUndisclosed (Doubao bundled)~$100M (est.)~$50M (est.)
Valuation$852B$61B (Sep 2024)Public ($2T+ market cap)Public ($1.5T+ market cap)$50B (Dec 2024)Public ($2T+ market cap)Undisclosed (High-Flyer-backed)Public (~$200B market cap)$3.3B (2024)$3B+ (2024)Private (~$300B+ ByteDance)$6.2B (Dec 2024)$5.5B (Jul 2024)
Users900M (ChatGPT)N/A200M+ (Gemini app)N/A (model downloads: 1B+)X Premium+ usersN/AN/A (model downloads in millions)Tongyi app: 100M+Kimi: 30M+ChatGLM users (undisclosed)Doubao: 70M+Le Chat users (undisclosed)Enterprise only
Context Window200K (o3)200K (Opus 4)1M (Gemini 2.5 Pro)10M (LLaMA 4 Scout)128K300K (Nova Pro)128K (V3 / V4)1M (Qwen 2.5 Max)2M (Kimi K2)128K (GLM-5)256K (Doubao 1.5 Pro)128K128K
Input Cost$2.50 / 1M (GPT-4o)$3.00 / 1M (Sonnet 4)$1.25 / 1M (Gemini 2.0 Flash)Free (self-hosted)$2.00 / 1M (Grok-3)$0.80 / 1M (Nova Pro)$0.27 / 1M (V3)$0.40 / 1M (Qwen-Max)Undisclosed$0.30 / 1M (GLM-5)$0.10 / 1M (Doubao Pro)$2.00 / 1M (Mistral Large)$0.50 / 1M (Command R+)
Output Cost$10.00 / 1M (GPT-4o)$15.00 / 1M (Sonnet 4)$5.00 / 1M (Gemini 2.0 Flash)Free (self-hosted)$10.00 / 1M (Grok-3)$3.20 / 1M (Nova Pro)$1.10 / 1M (V3)$1.20 / 1M (Qwen-Max)Undisclosed$0.90 / 1M (GLM-5)$0.30 / 1M (Doubao Pro)$6.00 / 1M (Mistral Large)$1.50 / 1M (Command R+)
API Share~25%~32%~18%N/A (open-weight)<1%Bedrock: multi-model platform<2% (mostly open-weight self-hosted)Top in China, low globally<1% globallyTop tier in ChinaTop in China, growing~3%~2%
Funding$40B+$15B+Internal (Alphabet)Internal (Meta)$12B+Internal (AWS)Internal (High-Flyer)Internal (Alibaba)$1B+ (Alibaba, Tencent backed)$1.5B+ (state-backed)Internal (ByteDance)$1.1B+$970M+