OpenAI年化收入超400亿美元，IPO进程加速

THIS IS BLOOMBERG "BUSINESSWEEK DAILY." WITH INSIGHT ON THE PEOPLE, COMPANIES, AND TRENDS SHAPING TODAY'S COMPLEX ECONOMY. PLUS GLOBAL BUSINESS, FINANCE, AND TECH NEWS AS IT HAPPENS. WITH CAROL MASSAR AND TIM STENOVEC, LIVE ON BLOOMBERG RADIO, TELEVISION, AND BLOOMBERG ORIGINALS. CAROL: VERY GOOD AFTERNOON, EVERYBODY. WELCOME, WELCOME. WE ARE ACROSS BLOOMBERG PLATFORMS, AS YOU KNOW. ON A DAY WHERE WE SEE MARKETS KIND OF AN EVEN SPLIT IN TERMS OF WINNERS AND LOSERS, GAINERS AND DECLINERS IN THE S&P 500, SO THE RALLY, TO SOME EXTENT, LOOK AT THE OVERALL INDEX NUMBERS AND WHERE THEY ARE TRADING, THAT RALLY COMING TO AN END.

TO -- TIM: 2% AWAY FROM A RECORD ON THE NASDAQ. THERE WERE SOME ECONOMIC NUMBERS WE GOT TODAY AND MAYBE IT CHANGES THE CALCULUS OF WHAT THE FED WILL DO COME SEPTEMBER, BUT LIKE WE HAVE BEEN SAYING, A LOT CAN HAPPEN BETWEEN NOW AND SEPTEMBER. CAROL: WE DID I THINK GET TO THE PART IN THE CONVERSATION WHERE SHE SAID EVERY C-SUITE SHE IS TALKING TO, THEY ARE CONCERNED ABOUT THE CONSUMER, AND THE DATA WE GOT TODAY SHOWS A CONSUMER MIGHT BE SLOWING DOWN ON SPENDING, AND WE HAD U.S.

CONSUMER SENTIMENT DROP TWO FOR THE FIRST TIME IN THREE MONTHS. TIM: WE WILL HAVE MORE ON THIS AND ALSO WITH THE MARKETS ARE DOING FROM CHARLIE PELLETT IN A MOMENT. CAROL: WE WILL GET TO THAT IN JUST A SECOND. OUR FOCUS, AND UNPRECEDENTED ECONOMIC ISOLATION PLAN FOR IRAN. WHAT WE KNOW NOW COULD IMPACT A LOT OF THINGS, THIS WAR, HOW IT COULD IMPACT GLOBAL ENERGY MARKETS, THAT THREAT OF ECONOMIC ISOLATION IS, THOUGH, OUR MOST-READ STORY.

THIS ONE CAUGHT OUR ATTENTION, SO WE WANT TO TACKLE IT. IN -- AND "FRIDAY NIGHT LIGHTS" MEETS "LORD OF THE FLIES." WE TALKED TO A FORMER WALL STREET ARE TURNED MENTOR OF HIGH SCHOOL ATHLETES. HE'S GOT A NEW BOOK OUT. TIM: GOT IT RIGHT HERE. CAROL: IT WILL BE INTERESTING TO SEE WHAT HE HAS TO SAY. IT'S A GREAT FRIDAY STORY. TIM: IT IS. IF YOU HAVE QUESTIONS FOR US OR ANY OF OUR GUESTS, GO TO BLOOMBERG.COM/ASKRADIO, A NEW FEATURE AVAILABLE EXCLUSIVELY TO SUBSCRIBERS OF THE BLOOMBERG TERMINAL AND SUBSCRIBERS TO BLOOMBERG.COM.

ASK US QUESTIONS, ASK OUR GUESTS QUESTIONS. WE WILL POSE THEM THROUGHOUT THE DAY. CAROL: LET'S GET YOU GOING ON THIS FRIDAY AND GET A CHECK ON THE TRADE. CHARLIE: HERE'S WHAT IS GOING ON -- STOCKS ARE LOWER RIGHT NOW. RUSSELL 2000 INDEX OF SMALL-CAP SHARES IS HIGHER, BUT I'M RUNNING THE WEEKLY NUMBERS ON THE BLOOMBERG. THREE IN A ROW RIGHT NOW, WE HAVE THE S&P 500 INDEX ON TRACK FOR ANOTHER WEEKLY GAIN DESPITE THE SELLING TODAY, LOOKING AT A GAIN OF .3%.

BOTTOM LINE, RIGHT NOW, ABOUT TWO HOURS TO GO AHEAD OF THE CLOSING BELL. STOCKS LOWER ACROSS THE BOARD, S&P RIGHT NOW DOWN 17, A DROP OF .2%. I'LL INDUSTRIALS, A DECLINE OF .2%. NASDAQ, A DROP OF .4%. AGAIN, THE RUSSELL 2000 INDEX OF SMALL-CAP SHARES BUCKING THE TREND, UP ABOUT .3 PERCENT. THE TWO-YEAR, 4.16 PERCENT, THE 10-YEAR, 4.69%. SPOT GOLD ADVANCING. WEST TEXAS INTERMEDIATE CRUDE, UP 1.1%. BRENT AHEAD OF THE WEEKEND UP BY ABOUT 1.3 PERCENT.

RETAIL SALES AMONG THE ECONOMIC REPORTS TODAY. THEY FELL IN JULY BY THE MOST IN MORE THAN A YEAR AS CONSUMERS PULLED BACK ON PURCHASES. WE ARE LOOKING AT WALMART SHARES DOWN .4%. TARGET DOWN .5%. WALMART AND TARGET BOTH REPORT NEXT WEEK. AGAIN RECAPPING HERE, S&P 500 INDEX TRADING DOWN BY .2%. WEEKLY NUMBERS, THOUGH, POINTING AT A GAIN. SUBSCRIBE TO BLOOMBERG NEWS WHEREVER YOU GET YOUR PODCASTS. I WAS A BLOOMBERG BUSINESS FLASH.

CAROL: NO ONE DOES IT BETTER. THANK YOU SO MUCH. SAFE TO SAY ONE OF THE MOST ANTICIPATED MARKET EVENTS WILL EVENTUALLY BE WHEN WE GET THEM THE IPO'S OF ANTHROPIC AND OPENAI. OPENAI IS ON TRACK TO GENERATE ANNUALIZED REVENUE OF MORE THAN $40 BILLION BASED ON ITS CURRENT PERFORMANCE. THAT'S ACCORDING TO PEOPLE FAMILIAR WITH THE MATTER, ROUGHLY DOUBLING ITS RUN RATE FROM THE END OF 2025. THAT LOOKS LIKE A PRETTY GOOD JUMP, DON'T YOU THINK?

TIM: YEAH, BUT THERE'S A LOT OF COMPETITION OUT THERE. THEY HAVE TO BE VERY INNOVATIVE, TOO. CAROL: YOU CAUGHT UP WITH RACHEL METZ EARLIER. TIM: I SAID WE'VE GOT TO GET HER BACK. CAROL: SHE'S OUT THERE IN SAN FRANCISCO. IT IS GOOD TO HAVE YOU BACK. AS THE AI TRADE NARRATIVE CONTINUES, TRYING TO UNDERSTAND THESE COMPANIES AS THEY HAVE CHANGED, AS THEIR EVALUATIONS GROW. TELL US ABOUT WHAT WE SEEM TO KNOW ABOUT OPENAI AND SOME OF THESE NUMBERS THAT ARE STARTING TO COME OUT.

RACHEL: THERE'S A BUNCH GOING ON HERE. CAROL: I LOVE IT ALREADY. RACHEL: IT'S A LOT. WHAT WE HAVE DETERMINED IS THAT OPENAI'S REVENUE HAS GONE UP QUITE A BIT, ESPECIALLY WHEN YOU COMPARE IT TO THE LAST FIGURE WE WERE AWARE OF FROM THE END OF THE YEAR, WHICH WAS ABOUT $20 BILLION. $40 BILLION OR ABOVE IS WHERE THEY ARE TRACKING NOW, WHICH IS A LOT OF GROWTH. THE OTHER THING I THINK IS INTERESTING AS IT IS NOT JUST COMING FROM ONE PIECE OF THEIR BUSINESS.

OUR UNDERSTANDING IS THAT IT IS ACROSS A BUNCH OF DIFFERENT PRODUCT LINES. IT'S IMPORTANT TO REMEMBER CONSUMERS STILL MAKE UP THE VAST MAJORITY OF THEIR USERS. SOME OF THIS IS IN CONSUMER GROWTH, AND YOU SAW IT RECENTLY THAT THEIR USE NUMBERS PUSHED ABOVE ONE BILLION ACTIVE WEEKLY USERS, SO THIS WOULD BE GROWTH IN CONSUMER IN PART OVER THERE, AND WE ALSO SEE ON THE BUSINESS SIDE, THAT HAS ALSO BEEN A GROWING, AND SOME OF THAT IS WITH CODEX, THEIR CODING PRODUCT THAT THEY HAVE BEEN PUSHING TO RIVAL COMPANIES SUCH AS ANTHROPIC.

TIM: WE KNOW CODEX IS IMPORTANT AND CLAUDE CODE IS IMPORTANT, BUT I'M GOING TO THROW CAROL UNDER THE BUS FOR A SECOND. I THINK YOU SAID THIS ON AIR. FORGIVE ME IF YOU DID NOT. SHE IS USING THESE LLM'S, AND SHE HITS AND LIMIT AND JUST GOES TO A DIFFERENT ONE. I DO THE SAME THING. I DON'T PAY FOR ANY OF THESE. I USE CHATGPT. I USED CLAUDE WHEN I RUN OUT OF SPACE ON CHATGPT. CAROL: YOU'RE RIGHT, BUT I WAS USING CHATGPT, AND THERE'S A BIG HISTORY AT THIS POINT.

TIM: THAT IS THE BOOK FOR YOU? -- THAT IS THE MOAT FOR YOU? CAROL: I'M GENERATING AN IMAGE, AND IT TELLS ME, COME BACK IN 23 AND A HALF HOURS. TIM: OF THOSE BILLION WEEKLY USERS, HOW MANY OF US ARE PAYING ? RACHEL: THAT'S A GOOD QUESTION. I DON'T KNOW OFF THE TOP OF MY HEAD AND I WILL LOOK INTO THAT. TIM: I DON'T KNOW IF ANYONE KNOWS OUTSIDE THE WORLD OF CHATGPT OR OPENAI. RACHEL: WE DO KNOW AN INCREASING NUMBER OF PEOPLE ARE PAYING FOR IT BECAUSE THAT IS WHERE SOME OF THEIR REVENUE GROWTH IS COMING FROM.

WE ALSO KNOW THAT THEIR ADVERTISING BUSINESS HAS ALSO BEEN PICKING UP. EVEN IF YOU ARE USING IT, NOT PAYING FOR IT PERHAPS, YOU COULD STILL BE CONTRIBUTING TO REVENUE GROWTH IF YOU ARE PART OF THE ADVERTISING REVENUE GOING UP. WE WILL SEE. I WILL GET BACK TO YOU WHEN I HAVE MORE CLARITY ON THE SLOPE THERE. CAROL: BEFORE WE WRAP UP, BECAUSE WE HAVE TO JUMP OFF TO ANOTHER STORY, BUT YOU HAVE ALL THESE STORIES. THE METRIC THEY SAY IS A MORE ACCURATE REFLECTION OF THE USE OF THE SOFTWARE.

YOU HAVE THE AI TO RIVAL OPENAI AND ANTHROPIC AND DEEPSEEK. THE STUFF IS HAPPENING FAST, AND NEW COMPANIES, DIFFERENT COMPANIES ARE DOING STUFF, SO IT IS EVOLVING. WHO KNOWS -- I DON'T KNOW IF I CAN USE THE WORD AND GAME, BUT HOW THIS ALL KIND OF LANDS. WE DON'T REALLY KNOW YET, OR DO WE? RACHEL: I DON'T THINK WE DO. I THINK IT IS IMPORTANT TO UNDERSTAND THAT EVERY INDIVIDUAL MODEL RELEASE IS SIMPLY THAT. THE MODEL IS RELEASED AND THEN ANOTHER MODEL IS RELEASED AND THE AIM IS TO MAKE EACH ONE BETTER THAN THE LAST.

IT IS A SPECTRUM. WE WILL SEE THINGS CONTINUE APACE. IT'S POSSIBLE THERE WILL BE SEVERAL WINTERS HERE. A LOT OF COMPANIES BOTH INSIDE THE U.S. AND OUTSIDE THE U.S. AT THIS POINT ARE DEVELOPING INTERESTING TECHNOLOGY AND TAKING DIFFERENT APPROACHES. IT'S GOING TO STILL BE TBD, I WOULD SAY, AND I THINK THERE'S GOING TO BE A LOT OF INTERESTING STUFF CONTINUING TO HAPPEN OVER THE NEXT YEAR OR TWO, ESPECIALLY IF AN WHEN WE SEE SOME OF THESE NEW IDEAS.

CAROL: THANK YOU. WE WILL JUST KEEP IT GOING. AND WE WILL HAVE MORE STORIES. LOVE, LOVE, LOVE. HAVE A GREAT WEEKEND. BLOOMBERG NEWS' AI REPORTER, RACHEL METZ. TIM: I WAS HOPING ONE OF HER KIDS WOULD COME INTO THE ZOOM