Chinese Models Take 89% of Open-Model Spending

A Menlo Ventures survey of US enterprise buyers finds Chinese open-weight models absorbing nearly nine in ten open-source dollars.

Menlo Ventures published its 2026 State of Enterprise AI report on 3 November 2026, finding that 89% of open-source model spending goes to Chinese developers. Moonshot’s Kimi holds 61%, DeepSeek 15% and Zhipu 11%, while Meta’s Llama, the leading Western open model, takes 7%. The survey covered roughly 400 US enterprise AI decision-makers controlling more than $4 billion in combined spending. The figure needs its frame: open-source models now account for 19% of tokens used but only 4% of total spend, down from 6% a year earlier, because average token prices have fallen sharply.