China’s AI revenue projected to reach US$13b on breakthroughs, adoption: Goldman SachsBank forecasts a sharp revenue surge after Chinese AI models slash costs, boost capabilities and capture global token share2-MIN READ2-MIN0ListenPublished: 6:30pm, 5 Aug 2026Rising cost efficiency and rapidly advancing capabilities from players like DeepSeek and MiniMax have prompted Goldman Sachs to raise its run-rate revenue forecast for China’s Artificial Intelligence model market by 30 per cent to US$13 billion.In a research note published on Monday, the US investment bank boosted its year-end annualised recurring revenue (ARR) projection for mainland Chinese AI models from US$10 billion, citing aggressive price cuts, technical breakthroughs and accelerating corporate adoption.Goldman Sachs lifted projected year-end ARRs of Hong Kong-listed Zhipu AI and MiniMax to US$2.5 billion and US$1 billion, respectively.Select VoiceSelect Speed0.8x0.9x1.0x1.1x1.2x1.5x1.75x00:0000:001.00x
SRCSouth China Morning Post
LANGEN
LEANCenter-Right
WORDS127
ENT7
WED · 2026-08-05 · 10:30 GMTBRIEF NSR-2026-0805-99341
NSR-2026-0805-99341News Report·EN·Technology
China’s AI revenue projected to reach US$13b on breakthroughs, adoption: Goldman Sachs
Goldman Sachs has increased its revenue forecast for China's artificial intelligence model market to US$13 billion, a 30% rise from its previous US$10 billion projection. This upward revision, detailed in a research note published on Monday, is attributed to significant cost efficiencies and rapid advancements in capabilities by Chinese AI companies such as DeepSeek and MiniMax.
Richard ChenSouth China Morning PostFiled 2026-08-05 · 10:30 GMTLean · Center-RightRead · 1 min
South China Morning PostFIG 01
Reading time
1min
Word count
127words
Sources cited
1cited
Entities identified
7entities
Quality score
100%
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Briefing Summary
AI-generatedNEWSAR · AI
Goldman Sachs has increased its revenue forecast for China's artificial intelligence model market to US$13 billion, a 30% rise from its previous US$10 billion projection. This upward revision, detailed in a research note published on Monday, is attributed to significant cost efficiencies and rapid advancements in capabilities by Chinese AI companies such as DeepSeek and MiniMax. The investment bank cited aggressive price cuts, technical breakthroughs, and accelerating corporate adoption as key drivers for this surge. Goldman Sachs also specifically raised year-end annualised recurring revenue (ARR) projections for Zhipu AI to US$2.5 billion and MiniMax to US$1 billion.
Confidence 0.85Sources 1Claims 5Entities 7
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Article analysis
Model · rule-basedFraming
Technology
Economic Impact
Tone
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AI-assessed
CalmNeutralAlarmist
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0.70 / 1.00
Factual
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Sources cited
1
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Key claims
5 extracted01
Goldman Sachs lifted projected year-end ARRs of Zhipu AI to US$2.5 billion and MiniMax to US$1 billion.
statisticGoldman Sachs
Confidence
0.95
02
Goldman Sachs boosted its year-end annualised recurring revenue (ARR) projection for mainland Chinese AI models from US$10 billion.
statisticGoldman Sachs
Confidence
0.95
03
Goldman Sachs raised its run-rate revenue forecast for China's AI model market by 30 per cent.
statisticGoldman Sachs
Confidence
0.95
04
Rising cost efficiency and rapidly advancing capabilities from players like DeepSeek and MiniMax prompted the forecast increase.
factualGoldman Sachs
Confidence
0.90
05
China's AI revenue projected to reach US$13 billion on breakthroughs and adoption.
predictionGoldman Sachs
Confidence
0.90
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Full report
1 min read · 127 words§ 05
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10 termsai revenue
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artificial intelligence
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goldman sachs
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china
0.80
ai models
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technical breakthroughs
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cost efficiency
0.60
corporate adoption
0.50
deepseek
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minimax
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