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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.

$0

AI industry net losses since you opened this page

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Arab investment in Artificial Intelligence

Arab capital is entering the AI race — companies, models, and sovereign funds, all documented.

Documented sources
$220B

Total announced Arab AI commitments

Sum of the flagship announced national/fund AI-earmarked commitments (MGX + PIF/HUMAIN + Qai). MGX’s target is not yet fully raised, and the Saudi figure is reported and overlaps HUMAIN — a conservative "committed to date" reading is closer to $120–170B.

6
AI companies
6
Arabic models
4
funds & pledges
3
countries represented

Companies

H
HUMAIN
Saudi Arabia
$23B
Committed investment
Backed by: PIF Founded 2025

Full-stack AI: data centers, compute, Arabic models, apps.

G
G42
UAE
$20B
Valuation
Backed by: Mubadala Founded 2018

AI holding group: cloud, data, healthcare, models.

P
Presight AI
UAE
$5.5B
Valuation
Backed by: G42 Founded 2020

Big-data analytics and AI applications.

S
Space42
UAE
$3B
Valuation
Backed by: G42 Founded 2024

AI-powered space tech: satellites and geospatial AI.

C
Core42
UAE
$550M
Funding raised
Backed by: G42 Founded 2024

Sovereign cloud and AI compute infrastructure.

L
Lucidya
Saudi Arabia
$30M
Funding raised
Backed by: Impact46 Founded 2016

Arabic-first AI customer-experience and agent platform.

Arabic models

Falcon
TII · UAE
Open-weights
180B
Size · Released 2023

One of the first large open Arabic-capable models (TII).

Jais
Inception (G42) · UAE
Open-weights
70B
Size · Released 2024

Leading Arabic model from Inception, MBZUAI and Cerebras.

ALLaM
SDAIA · Saudi Arabia
Open-weights
13B
Size · Released 2025

SDAIA’s open Arabic model on Hugging Face.

Fanar
QCRI · Qatar
Open-weights
27B
Size · Released 2026

Qatar’s open Arabic model from QCRI.

AceGPT
KAUST · Saudi Arabia
Open-weights
70B
Size · Released 2024

Localizing LLMs in Arabic, led by KAUST.

K2 Think
MBZUAI · UAE
Open-weights
32B
Size · Released 2025

Fully open reasoning system from MBZUAI and G42.

Sovereign funds & nations

Saudi Arabia
PIF / HUMAIN
$100B
Pledge · PIF

Saudi sovereign-fund national AI program.

UAE
MGX
$100B
Pledge · Mubadala + G42

Abu Dhabi’s AI investment firm — $100B target.

Qatar
Qai
$20B
Pledge · QIA + Brookfield

Qatar’s AI-infrastructure partnership with Brookfield.

Saudi Arabia
DataVolt
$5B
Pledge · DataVolt

Net-zero AI data center in NEOM/Oxagon.

Sources
$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
Spend Revenue
Amazon
Amazon
Full AI capex est. since 2022
$313B
$22B
-$291B
Cumulative P&L
Lost since you opened this page
Alphabet (Google)
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
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
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
Oracle
Cumulative est. since 2023
$57B
$18B
-$39B
Cumulative P&L
Lost since you opened this page
OpenAI
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
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
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
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
Cohere AI
Cumulative est. since 2020
$700M
$400M
-$300M
Cumulative P&L
Lost since you opened this page
DeepSeek
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
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.
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References & sources

Primary sources by company

Core idea inspired by the site isaiprofitable.com.