OpenAI 年化收入据报比此前预期低 200 亿美元
OpenAI’s revenue is reportedly $20 billion less than previously projected
据《金融时报》报道，OpenAI 已告知投资人其年化收入“接近 500 亿美元”，比此前流传的接近 700 亿美元低约 200 亿美元。此前 700 亿美元的数字来自 OpenAI 投资人试图与 Anthropic 年化收入做直接对比的推算，而两家公司计算年化收入的方式不同，Anthropic 会计入云合作伙伴的销售额，OpenAI 不计入。OpenAI 今年 3 月一轮融资筹集了 1220 亿美元，其此前传闻今年落地的 IPO 已推迟至 2027 年初。
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OpenAI 向投资人给出的年化收入口径与外界此前流传数字相差约 200 亿美元，读者可据此理解其估值与 IPO 节奏的财务背景。
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A little over a week ago, it was reported that OpenAI’s annualized revenue was approaching $70 billion, a figure that would have made it competitive with Anthropic’s reported run rate . Now, however, the AI lab is said to have told investors that the real revenue is some $20 billion lower than that.
The Financial Times reports that the company has told investors that its annualized revenue is “approaching $50 billion.” The publication also notes that the previous figure of $70 billion was based on information that had previously been shared with investors by OpenAI. That figure was devised via “attempts by OpenAI’s own investors to produce a direct comparison with Anthropic’s annualised revenues,” per the FT.
It’s worth pointing out that OpenAI and Anthropic calculate their annualized revenue differently — with Anthropic counting sales made by its cloud partners. OpenAI doesn’t do this.
TechCrunch reached out to OpenAI for comment.
The issue of OpenAI’s revenue has troubled the company, as it attempts to justify the gargantuan investments being made on its behalf; the AI giant raised $122 billion during a March funding round alone. The company’s leaked 2025 financials earlier this year showed it had made about $13 billion but spent significantly more. OpenAI’s IPO, which was previously rumored to be materializing this year, has been pushed off until early 2027.