Anthropic向部分合作伙伴披露IPO招股书，拟以约2万亿美元估值推进上市。2025年营收同比增12倍至近46亿美元，近三分之二来自美国，但运营亏损翻倍突破80亿美元。Claude按用量计费贡献约38亿美元收入，订阅仅7.89亿美元、占比不足20%。招股书还显示其与头部科技巨头深度绑定。
OpenAI CEO奥特曼表示不急于上市，认为2026年启动IPO并非明智选择。尽管此前传出已秘密提交申请，他仍强调仅当业务运营充分就绪、AI社会应用足够成熟时才迈入资本市场，直接否认2026年完成上市的可能。
OpenAI首席财务官弗里亚尔在全员会议上称，公司计划2027年完成上市，若业务持续向好或提前进入公开市场。她表示IPO是融资和发展的重要里程碑而非终点。OpenAI今年3月已完成1220亿美元融资，为后续扩张提供较大运营空间。
OpenAI过去一年总支出达340亿美元，其中研发投入约190亿美元，销售等运营费用近60亿美元。尽管成本高昂，资本仍持续支持其运营和技术迭代。公司正推进IPO，市场预计其上市后估值或超1万亿美元。
Tencent
$100
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