Live statistics

Tracking the money behind the AI industry — spend, revenue, and the gap between them.

Last data update: 2026-07-02

Is AI profitable?

The numbers answer: cumulative spend vs revenue across the frontier AI industry.

AI industry net losses since you opened this page

$1.49T

Total AI spend

$613B

Total AI revenue

$875B

Net gap

1 / 12

Profitable companies

3.6B

Monthly active users

$11

Avg monthly cost / user

Key insights

$2.4

spent for every $1 of revenue

74%

of all AI spend comes from just 4 companies

~$1.6B

the AI industry loses every day

456×

DeepSeek is cheaper per user than Microsoft

3.6B

monthly active users across AI products

1 / 12

only one of twelve is AI-profitable: Nvidia

Sort by

Hide infrastructure companies (Nvidia)

Spend Revenue

Amazon

Full AI capex est. since 2022

$313B

$22B

—

-$291B

Cumulative P&L

Lost since you opened this page

Alphabet (Google)

Full AI capex est. since 2022

$287B

$25B

$14 per user / mo 900M monthly users

-$262B

Cumulative P&L

Lost since you opened this page

Microsoft

Full AI capex est. since 2022

$266B

$31B

$58 per user / mo 218M monthly users

-$235B

Cumulative P&L

Lost since you opened this page

Meta

Full AI capex est. since 2022

$230B

$3.0B

$9.9 per user / mo 1.2B monthly users

-$227B

Cumulative P&L

Lost since you opened this page

Oracle

Cumulative est. since 2023

$57B

$18B

—

-$39B

Cumulative P&L

Lost since you opened this page

OpenAI

Cumulative est. since 2020

$55B

$28B

$1.2 per user / mo 1B monthly users

-$27B

Cumulative P&L

Lost since you opened this page

Anthropic

Cumulative est. since 2021

$33B

$6.5B

$24 per user / mo 30M monthly users

-$27B

Cumulative P&L

Lost since you opened this page

xAI

Cumulative est. since 2023

$20B

$800M

$8.6 per user / mo 117M monthly users

-$19B

Cumulative P&L

Lost since you opened this page

Mistral AI

Cumulative est. since 2023

$1.0B

$400M

$1.7 per user / mo 15M monthly users

-$600M

Cumulative P&L

Lost since you opened this page

Cohere AI

Cumulative est. since 2020

$700M

$400M

—

-$300M

Cumulative P&L

Lost since you opened this page

DeepSeek

Cumulative est. since 2023

$300M

$100M

$0.13 per user / mo 130M monthly users

-$200M

Cumulative P&L

Lost since you opened this page

Nvidia

Cumulative est. since 2023

$225B

$478B

—

+$253B

Cumulative P&L

Earned since you opened this page

Methodology & caveats

Spend includes direct R&D, compute, and capital expenditure on AI infrastructure (data centres, chips, and networking). Capex is counted as spend despite its long-term asset value — intentionally, to show the scale of capital committed before returns materialise.
The AI economy is circular: Google funds Anthropic, which runs on Google Cloud; Amazon also backs Anthropic; Microsoft co-invests with OpenAI. Aggregate figures therefore double-count some revenue flows.
This page tracks whether AI investment specifically has broken even — not company-wide profitability. That is why Amazon and Google appear deep in the red despite being hugely profitable companies overall.
Figures are industry estimates drawn from sources such as Bloomberg, WSJ, The Information, and Epoch AI, and are refreshed periodically.

Calculator

Count tokens and estimate AI model costs — another handy tool from Awamer.

References & sources

Primary sources by company

Amazon

Alphabet (Google)

Microsoft