尽管燃烧率达 850 亿美元，OpenAI 仍赶超 Anthropic 冲击 IPO
openai 秘密提交了 ipo 申请，旨在赶在竞争对手 anthropic 之前上市。此举迫使公开市场在资本稀缺的情况下吸纳巨额的 ai 亏损。
openai filed a draft registration statement with the sec, racing anthropic to public markets before spacex potentially absorbs available capital. the filing follows a $122 billion raise and comes despite openai missing user targets and projecting an $85 billion burn rate for 2028. cfo sarah friar cited concerns over supporting massive data center spending, with positive cash flow not expected until 2030. anthropic recently surged to a $1 trillion valuation on secondary markets, setting a high comp that could constrain openai's pricing.