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Fortune
Fortune
Mark Minevich

The AI 'death zone' is here and most corporate AI strategies are standing in it

mm (Credit: courtesy of Mark Minevich)

In July, for the first time, Chinese developed models took all five top positions on OpenRouter, the neutral routing platform that has become the closest thing the AI industry has to a Nielsen rating. Xiaomi’s MiMo V2.5 ranked first by token volume, followed by models from DeepSeek, MiniMax, Alibaba’s Qwen family and Moonshot’s Kimi. Chinese models now carry more than 60% of the platform’s traffic, which exceeds 20 trillion tokens a week.

That is not a benchmark result but a usage curve.

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