OpenAI 年化营收较此前披露少约 200 亿美元

OpenAI 首席执行官、ChatGPT 开发商负责人 Sam Altman，正在 2026 年 9 月 29 日举行的这家 AI 公司开发者大会上发言。

Andrej Sokolow | Picture Alliance | Getty Images

在市场获悉更多有关 OpenAI 营收的细节后，Nvidia、Oracle、CoreWeave及其他人工智能相关股票周四走低。

CNBC 确认，OpenAI告诉投资者，截至 9 月底，其年化营收约为 500 亿美元，低于上月底被广泛报道的 680 亿美元。一名知情人士称，680 亿美元的数字包含了 OpenAI 合作伙伴产生的****总收入，这有助于投资者将其与主要竞争对手 Anthropic进行更直接的比较。

《金融时报》最先报道了 500 亿美元这一数字。

这名要求匿名讨论相关数据的人士称，OpenAI 在一份投资者演示材料中分享了财务更新。该人士表示，除 500 亿美元年化营收外，OpenAI 还强调其第三季度总营收运行率同比增长 77%，同期企业业务营收运行率增长 107%。

周四，Nvidia 股价下跌 3%，Oracle 下跌近 6%，CoreWeave 下跌近 8%。此外，Advanced Micro Devices下跌 4%，Broadcom下跌 4%，Intel下跌 5%，Super Micro Computer下跌近 5%。

随着外界普遍预期其将进行一场重磅 IPO，OpenAI 正面临向投资者证明其 8520 亿美元估值合理性的压力。OpenAI 于 6 月向监管机构秘密提交了招股说明书，且公司高管已暗示，公司计划于 2027 年上市。

Anthropic 也在筹备一次大型 IPO。该公司尚未正式披露上市时间，但一直在与潜在投资者举行会谈，据报道正寻求 2 万亿美元估值。Anthropic 在 8 月告诉投资者，截至 7 月底，其年化营收运行率达到 650 亿美元。

独立金融研究机构 New Constructs 周二在一份报告中称，Anthropic 即将进行的发行是“2026 年最荒谬的 IPO”，并仅给予该公司 1500 亿美元估值。根据路透社援引的一份泄露版公司招股说明书，Anthropic 2025 年营收为 46 亿美元，净亏损则达到 420 亿美元。

随着越来越多研究人员警告两家公司的模型可能造成灾难性伤害，Anthropic 和 OpenAI 都成为有关 AI 安全激烈争论的中心。OpenAI 已披露其模型以非预期方式行动的多起事件，并在近期因该模型未达到安全标准，放弃了发布 GPT-6.1 Astra 的计划。

OpenAI 首席执行官 Sam Altman在 9 月表示，考虑到持续存在的安全担忧，“现在是不宜上市的时机”。

在 OpenAI 等待合适时机之际，公司正就潜在新一轮融资与投资者进行早期讨论。CNBC 此前报道，该公司可能筹集约 300 亿美元，但这一数字仍可能变化。本轮融资由投资者需求推动，目前尚未敲定任何条款清单。

OpenAI 在 3 月完成了一轮历史性的 1220 亿美元融资，公司首席财务官 Sarah Friar 上周对 CNBC 表示，公司仍“拥有非常充足的资本”。

观看：报道称，OpenAI 年化营收较此前披露少 200 亿美元

Sam Altman, CEO of OpenAI, the developer of ChatGPT, is speaking at the AI company's developer conference on Sept. 29, 2026.

Andrej Sokolow | Picture Alliance | Getty Images

Shares of Nvidia, Oracle, CoreWeave and other artificial intelligence names sank lower on Thursday after the market learned more details about OpenAI's revenue.

OpenAI told investors that it hit roughly $50 billion in annualized revenue at the end of September, CNBC confirmed, lower than the the $68 billion figure that was widely reported late last month. A person familiar with the matter said the $68 billion figure included**** gross revenue from OpenAI's partners, which helps investors make a more direct comparison with its chief rival, Anthropic.

The Financial Times was first to report the $50 billion figure.

OpenAI shared an update about its finances in an investor presentation, said the person, who asked not to be named in order to discuss the numbers. In addition to the $50 billion in annualized revenue, OpenAI touted 77% total run rate growth during its third quarter, as well as 107% run rate growth for its enterprise business during the same period, the person said.

Nvidia shares fell 3%, Oracle shares fell nearly 6% and CoreWeave shares slipped nearly 8% on Thursday. Additionally, Advanced Micro Devices fell 4%, Broadcom fell 4%, Intel fell 5% and Super Micro Computer fell nearly 5%.

OpenAI is under pressure to justify its $852 billion valuation to investors as it gears up for what is widely expected to be a blockbuster IPO. OpenAI confidentially filed its prospectus with regulators in June, and executives have signaled that the company is eyeing a 2027 debut.

Anthropic is also readying for a major IPO. The company has not officially disclosed when it plans to debut, but it's been engaging in meetings with prospective investors and is reportedly seeking a $2 trillion valuation. In August, Anthropic told investors that its annualized revenue run rate hit $65 billion at the end of July.

In a report on Tuesday, independent financial research provider New Constructs called Anthropic's upcoming offering the "most ridiculous IPO of 2026," and valued the company at a mere $150 billion. Anthropic's revenue in 2025 was $4.6 billion as the company racked up a net loss of $42 billion, according to Reuters, which cited a leaked copy of the company's prospectus.

Both Anthropic and OpenAI have been at the center of a fierce debate over AI safety, after a growing chorus of researchers warned that the companies' models could potentially cause catastrophic harm. OpenAI has disclosed several incidents where its models behaved in unintended ways, and the company recently pulled its plans to launch GPT-6.1 Astra, saying the model did not meet its safety standards.

OpenAI CEO Sam Altman said in September that "right now would be an ill-advised moment to go public," in part because of the ongoing concerns around safety.

As OpenAI bides its time, the company is engaging in early stage discussions with investors about a potential new funding round. The company could raise around $30 billion, CNBC previously reported, but that figure could change. The round is being driven by investor demand and no term sheet has been finalized yet.

OpenAI closed a historic $122 billion funding round in March, and CFO Sarah Friar told CNBC last week that it is still "very well capitalized."

WATCH: OpenAI annualized revenues $20 billion less than previously signaled: Report