OpenAI首次明确公开讨论上市可能性，首席财务官：未来或出售AI基础设施服务

Core Viewpoint - OpenAI's CFO Sarah Friar indicated the possibility of an IPO in the future, marking a strategic shift for the company, which has remained private since its inception in 2015. The company recently achieved a significant milestone by surpassing $1 billion in monthly revenue for the first time in July [1][2][12]. Group 1: IPO Considerations - OpenAI is contemplating an IPO, although no specific timeline has been disclosed. The company is currently focused on its core mission in artificial intelligence while preparing for potential governance and investor relations challenges that come with being a public entity [3][5][4]. - A recent $60 billion employee stock sale is seen as a preparatory step for an IPO, potentially raising OpenAI's valuation to $500 billion, which would position it among the most valuable tech companies upon listing [4][5]. Group 2: Revenue and Growth - OpenAI's revenue is projected to reach $12.7 billion this year, tripling from the previous year, with annual recurring revenue (ARR) recently surpassing $10 billion [12][16]. - The company faces significant challenges related to computing power, which is in high demand, prompting OpenAI to expand its infrastructure and partnerships to meet these needs [11][16]. Group 3: Infrastructure Services - OpenAI is exploring the possibility of offering AI infrastructure services to other companies, inspired by Amazon's success in monetizing excess cloud computing resources. This could provide a new revenue stream to offset operational costs [7][8]. - The company aims to take a more active role in infrastructure development rather than relying solely on third-party suppliers, indicating a strategic shift in how it manages its technological capabilities [9][10]. Group 4: Product Development and User Feedback - The recent release of ChatGPT-5 has generated mixed feedback, with significant improvements in reasoning capabilities but some user dissatisfaction regarding access to older models. Despite this, subscription numbers have reportedly increased [17][18]. - The company has noted a substantial increase in token usage among developers, particularly for complex tasks, highlighting the growing demand for its advanced AI capabilities [18].