Frontier Labs // Global AI Command Center

HORIZON // 2026ARR, valuation, enterprise share & Elo projected from 2026 base via per-lab YoY growth (decayed).

HEAD-TO-HEAD // RADAR

Anthropic

OpenAI

ANTHROPIC // DOSSIER

FLAGSHIPClaude Opus 4.7

REGIONUS

ARR$30B

VALUATION$900B

CONTEXT1M tokens

$/M IN/OUT$5 / $25

ENT. SHARE40%

ELO (LMARENA)1478

Passed OpenAI on enterprise April '26. 70% of Fortune 100.

OPENAI // DOSSIER

FLAGSHIPGPT-5.5 Pro

REGIONUS

ARR$24B

VALUATION$852B

CONTEXT400K tokens

$/M IN/OUT$5 / $30

ENT. SHARE27%

ELO (LMARENA)1465

ChatGPT 800-900M WAU. Cash burn $25B '26 → $57B '27.

LAB GRID // ALL TRACKED LABS

US + China + EU + CA · projected to 2026

Anthropic

US · Claude Opus 4.7

leader

ARR$30B

VALUE$900B

CTX1M

$/M OUT$25

ELO1478

ENT %40%

Passed OpenAI on enterprise April '26. 70% of Fortune 100.

ENT. SHARE

OpenAI

US · GPT-5.5 Pro

leader

ARR$24B

VALUE$852B

CTX400K

$/M OUT$30

ELO1465

ENT %27%

ChatGPT 800-900M WAU. Cash burn $25B '26 → $57B '27.

ENT. SHARE

Google DeepMind

US · Gemini 3 Pro

leader

ARR$18B

VALUE$2100B

CTX1M

$/M OUT$10

ELO1501

ENT %12%

AI Overviews reach 2B MAU. 8M+ paid Gemini Enterprise seats.

ENT. SHARE

xAI

US · Grok 4.1 Thinking

challenger

ARR$5B

VALUE$250B

CTX256K

$/M OUT$15

ELO1483

ENT %4%

Acquired by SpaceX Feb '26. Memphis 1 GW → 1.5 GW.

ENT. SHARE

Microsoft MAI

US · MAI Image-2 / Voice-1

platform

ARR—

VALUE$3700B

CTX128K

$/M OUT$8

ELO1410

ENT %0%

20M Copilot seats. Reorg under Mustafa Suleyman.

Mistral

EU · Mistral Large 3

challenger

ARR$0.4B

VALUE$13.7B

CTX128K

$/M OUT$6

ELO1395

ENT %1%

ASML led €1.3B. 13,800 NVIDIA chips for Paris DC.

ENT. SHARE

Cohere

CA · Command R+ 2

challenger

ARR$0.24B

VALUE$7B

CTX256K

$/M OUT$10

ELO1380

ENT %1%

Building toward IPO. Enterprise & sovereign focus.

ENT. SHARE

DeepSeek

CN · DeepSeek V4 Pro

open

ARR—

VALUE—

CTX1M

$/M OUT$1.6

ELO1472

ENT %8%

MIT licensed. Matches GPT-5.5 at 10–13× lower cost.

ENT. SHARE

Alibaba Qwen

CN · Qwen 3.6-Plus

open

ARR—

VALUE—

CTX1M

$/M OUT$1.2

ELO1455

ENT %5%

600M+ downloads. 170K derivatives on ModelScope.

ENT. SHARE

Moonshot Kimi

CN · Kimi K2.6

open

ARR—

VALUE$3.3B

CTX262K

$/M OUT$2

ELO1468

ENT %3%

Ties GPT-5.5 on SWE-Bench Pro at 80% lower cost. 300 sub-agents.

ENT. SHARE

ByteDance Doubao

CN · Doubao Seed 2.0

open

ARR—

VALUE—

CTX256K

$/M OUT$0.8

ELO1448

ENT %2%

100M DAU on consumer app (Lunar NY 2026).

ENT. SHARE

Tencent Hunyuan

CN · Hunyuan 3.0

open

ARR—

VALUE—

CTX256K

$/M OUT$1

ELO1430

ENT %1%

Unified TokenHub billing platform launched.

ENT. SHARE

Baidu ERNIE

CN · ERNIE 5.0

open

ARR—

VALUE—

CTX128K

$/M OUT$1

ELO1418

ENT %1%

Apache 2.0. Open-sourced to compete domestically.

ENT. SHARE

Anthropic

OpenAI

Google DeepMind

xAI

Meta

Microsoft MAI

Mistral

Cohere

DeepSeek

Alibaba Qwen

Moonshot Kimi

ByteDance Doubao

Tencent Hunyuan

Baidu ERNIE