OpenAI and Anthropic cut prices and released cheaper AI models on August 14, 2026, as Chinese competitors pressed against the two companies' market positions, the Financial Times and Ars Technica reported.
Both outlets described the situation as a price war between the two US firms. The cheaper model releases followed new challenges to ambitions that each company holds at the trillion-dollar scale, according to the Financial Times and Ars Technica.
Chinese AI rivals have been gaining ground against the US companies, the two outlets reported.