OpenAI and Anthropic just lost their biggest customers to a Chinese model that costs 65x less

Enterprise AI spending just hit a wall.

CNBC confirmed what CFOs have been whispering for months. Companies are pulling back from OpenAI and Anthropic. Not cutting usage. Switching providers entirely.

Flo Crivello, CEO of Lindy, moved 100% of his company's traffic from Anthropic's Claude to DeepSeek.

The Chinese open-weight model costs $0.05 per token. Claude Fable 5 costs $3.25.

That is a 65x price difference on the same work.

Crivello called it "a matter of survival for the business."

Uber burned through its entire annual AI budget in four months. Now it charges employees $1,500 per month for tiered AI access.

Highspring's president says clients are waiting 12 to 18 months before committing to major AI spending.

This is happening while both OpenAI and Anthropic file confidential S-1s with the SEC.

Anthropic's annualized revenue hit $47 billion in May. OpenAI's sits near $25 billion.

D.A. Davidson analyst Gil Luria says the IPO timing is not coincidental. "There has to be some rationalizing of spend by companies. That creates urgency to go public before we see that."

Over 60% of tokens processed on OpenRouter last week came from Chinese models.

Microsoft is now considering DeepSeek for its enterprise agentic system, Copilot Cowork.

Audit your AI vendor contracts today. If your model provider's pricing depends on you not checking alternatives, you are already overpaying.

SOURCE: https://qz.com/enterprise-ai-spending-openai-anthropic-roi-pullback-062626
VERIFIED: CNBC, Quartz, 404 Media, Chosun Ilbo, Ramp spending data
SIGNAL: OpenAI and Anthropic are filing IPO paperwork while their enterprise customers defect to Chinese alternatives at 1/65th the cost. The premium AI pricing model just collapsed.