The AI ‘death zone’ is here and most corporate AI strategies are standing in it | Fortune0

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• August 21, 2026

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