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Chinese AI Models Outpace U.S. in Token Usage

2/25/2026

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Story summary
  • Chinese open-source AI models surpassed United States developers in global token usage, according to OpenRouter.
  • The M2.5 model from MiniMax AI, launched two weeks ago, is the most popular at 4.55 trillion tokens.
  • The Kimi K2.5 model from Moonshot AI ranks second, with 4.02 trillion tokens.
  • Together, MiniMax, Moonshot, and DeepSeek account for nearly two-thirds of the top five models’ token usage this month.