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FollowingOpenAI年经常性收入逼近700亿美元，企业客户增速显著
得益于企业客户签约速度较七月翻番，OpenAI的年经常性收入（ARR）即将达到700亿美元。目前，OpenAI正致力于缩小其与企业竞争对手Anthropic之间的营收差距，两家实验室均计划启动首次公开募股（IPO）。
OpenAI的表现是否优于Anthropic？
据匿名消息人士向Axios透露，自第三季度初以来，OpenAI的年化营收增长率已超过70%，目前接近700亿美元大关。其中，面向企业的B2B业务表现尤为亮眼，在同一时期内实现了翻倍增长。在消费者市场方面，仅第三季度产生的新增收入便超过了整个2025全年的总收入。
这一强劲势头与OpenAI在夏末的地位形成了鲜明对比。截至8月18日，截至6月的三个月内，OpenAI的收入从57亿美元增至67亿美元，第一季度至第二季度的增幅仅为18%。相比之下，Anthropic在同一窗口期内宣布其收入从47.3亿美元翻倍至116亿美元，并录得5.59亿美元的调整后营业利润。
As this revenue gap emerged, it followed by negative headlines and management changes, including the departure of chief revenue officer Denise Dresser after less than a year in the job. Holger Mueller, a researcher at Constellation Research, pointed out at the time that Anthropic's early move to bet on corporate customers "was a smart choice because the corporate market was always the biggest pie." However, six weeks later, the fastest-growing thing is OpenAI's own enterprise business line.
It is worth noting that Anthropic's revenue in 2025 increased 12 times to nearly US$4.6 billion, according to an IPO prospectus reviewed by Reuters. The company also reached an annualized operating rate of about $65 billion in July. The same prospectus disclosed future obligations in cloud, computing and infrastructure as much as $518 billion, and warned investors that the company's technology could pose "existential risks" to humans.
How much does OpenAI invest in product construction?
Although OpenAI's revenue growth is impressive, it only tells half the story. The company has not officially announced specific expenses, but its second-quarter operating loss reportedly widened to $12.3 billion, up from $9.3 billion in the first quarter.
Cryptopolitan reported on September 22 that OpenAI had cut the price of its GPT-6 Sol and Luna APIs by at least 50% lower than the price of its predecessor;Anthropic also cut the pricing of Opus 5.5 on the same day.
Anthropic和OpenAI都在朝着上市的方向迈进。Anthropic今年早些时候提交了保密申请，并与接近2万亿美元的估值联系在一起，而OpenAI已开始着手IPO文件的准备工作。
Cryptopolitan最近报道，OpenAI就一轮融资进行了早期洽谈，估值约为1.2万亿美元，高于其3月份融资时的8520亿美元。然而，CEO Sam Altman基于AI安全理由排除了2026年上市的可能性。
