Open model providers' revenue data badly outdated: TogetherAI tokens up 10x+ since Q1
max16065 · x · 2026-09-21
A debate on X over a July-August revenue share analysis of open model providers reveals the underlying data is severely stale:
- The analysis uses Q2 or even Q1 figures for open providers rather than current data
- TogetherAI's token volume has grown >10x from Q1 to Q2 (the analysis uses Q1 numbers), Fireworks 3x, Baseten is now as large as the other two, and OpenRouter has grown >5x
- xeophon adds that Together AI's annual bookings crossed $1.15B last quarter (Q1), at an $8.3B post-money valuation, with media coverage lagging actual raises
Takeaway: any revenue-share analysis based on these outdated numbers likely massively understates open model providers' current revenue.
Related event: Open-Source Models at ~10% of AI Revenue? Analysis Slammed as Outdated(6 posts)→
More from Venture
- 40k dictated words a month ranks top 2% on WisprFlow — is voice AI demand weak? — mtns_of_magic · 2026-11-04
- Founder gave his AI his inbox to raise $10M; first tweet hit 100K views — LinusEkenstam · 2026-11-04
- Mistral's valuation soared from $2.2B to $24B in under three years, and one observer now calls it underpriced — smlpth · 2026-11-04
- Gary Marcus: AI data center demand has already passed its peak as projects get killed — GaryMarcus · 2026-11-04
- AI stocks slide as Texas governor result raises data center risks — 1659447091 · 2026-11-04
- Gary Marcus: 'fleecing the public with AI fantasies just got harder' as AI stocks drop — GaryMarcus · 2026-11-04