万亿算力账单压顶!OpenAI五年千亿支出计划曝光 营收43亿难掩135亿亏损

智通财经
Oct 15, 2025

智通财经APP获悉,OpenAI正制定五年计划以实现其承诺的超1万亿美元支出目标,旨在进一步推动人工智能技术发展。据多位知情人士透露,这家人工智能初创企业正通过多种途径筹集资金,包括开拓新收入来源、建立债务合作关系及追加融资。

据了解,OpenAI还在努力与政府和企业达成交易,提供更多定制化产品,并探索从与软银集团的“星际之门”项目中获取计算能力。该公司还在考虑进入在线广告和推出消费硬件产品的方式,特别是通过与前苹果设计师乔纳森·艾维的合作。

值得注意的是,当前OpenAI仍处于亏损状态,所有融资所得将主要用于偿还债务。据财务数据显示,该公司资本负债水平显著高于营收规模,这一财务结构已令包括微软在内的部分投资者产生顾虑。

根据最新披露,OpenAI已承诺从甲骨文(ORCL.US)、英伟达(NVDA.US)、AMD(AMD.US)及博通(AVGO.US)等供应商处获取超过26吉瓦的算力资源,未来十年相关成本可能远超1万亿美元规模。

近期财报显示,2025年上半年公司实现营业收入约43亿美元,但同期亏损额达135亿美元。

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