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commerce
shāng yè
商业
·HSK 4

OpenAI (AI research and technology company)
OpenAI
OpenAI
annual revenue / yearly earnings
nián shōurù
年收入
to surpass / to break through
tūpò
突破
$25 billion
250 yì měiyuán
250亿美元
，
plans to / intends to
jìhuà
计划
at the earliest / as early as
zuì kuài
最快
in / by
yú
于
by end of 2026 / late 2026
2026 nián dǐ
2026年底
to go public / to list
shàngshì
上市
。

artificial intelligence / AI
réngōng zhìnéng
人工智能
company
gōngsī
公司
OpenAI (AI research and technology company)
OpenAI
OpenAI
(possessive particle)
de
的
annualized revenue / annual run-rate revenue
niánhuà shōurù
年化收入
already / has
yǐ
已
surpassed / exceeded
tūpò
突破
$25 billion
250 yì měiyuán
250亿美元
，
the company
gōngsī
公司
is actively / is currently working to
zhèng jījí
正积极
to prepare for / to plan
chóubèi
筹备
at the earliest
zuì kuài
最快
in / by
yú
于
in 2026
2026 nián
2026年
fourth quarter / Q4
dì sì jìdù
第四季度
IPO / initial public offering
shǒucì gōngkāi mùgǔ
首次公开募股
。

April 21, 2026 at 12:00 PM

artificial intelligence / AI
réngōng zhìnéng
人工智能
company
gōngsī
公司
OpenAI
OpenAI
OpenAI
disclosed / revealed
tòulù
透露
，
the company
gōngsī
公司
annualized revenue / annual run-rate revenue
niánhuà shōurù
年化收入
already / has
yǐ
已
exceeded / surpassed
chāoguò
超过
$25 billion
250 yì měiyuán
250亿美元
，
compared to / versus
jiào
较
in 2024
2024 nián
2024年
(structural particle)
de
的
$6 billion
60 yì měiyuán
60亿美元
significantly / by a large margin
dàfú
大幅
to grow / to increase
zēngzhǎng
增长
。
the company
gōngsī
公司
currently / is in the process of
zhèng
正
with
yǔ
与
several / multiple
duō jiā
多家
investment bank / investment banks
tóuháng
投行
to negotiate / to hold discussions
qiàtán
洽谈
，
aiming to / with the goal of
mùbiāo
目标
at the earliest
zuì kuài
最快
in / by
yú
于
in 2026
2026 nián
2026年
fourth quarter / Q4
dì sì jìdù
第四季度
to complete / to execute
wánchéng
完成
IPO / initial public offering
shǒucì gōngkāi mùgǔ
首次公开募股
，
IPO valuation / listing valuation
shàngshì gūzhí
上市估值
may / potentially
kěnéng
可能
exceed / surpass
chāoguò
超过
$800 billion
8000 yì měiyuán
8000亿美元
。
OpenAI
OpenAI
OpenAI
(possessive particle)
de
的
enterprise clients / corporate customers
qǐyè kèhù
企业客户
already / has
yǐ
已
accounts for / represents
zhàn
占
total revenue / overall revenue
zǒng shōurù
总收入
(structural particle)
de
的
40 percent
40%
40%
，
expected to / projected to
yùjì
预计
before year-end / by end of year
nián dǐ qián
年底前
will
jiāng
将
with
yǔ
与
consumer
xiāofèi zhě
消费者
business / segment
yèwù
业务
to reach parity / to be on par with
chí píng
持平
。
despite / although
jǐnguǎn
尽管
revenue / income
shōurù
收入
to grow rapidly / fast-growing
kuàisù zēngzhǎng
快速增长
，
the company
gōngsī
公司
in 2026
2026 nián
2026年
projected / expected
yùjì
预计
will still / is still expected to
réng jiāng
仍将
to record losses / to run at a deficit
kuīsǔn
亏损
approximately / about
yuē
约
$14 billion
140 yì měiyuán
140亿美元
，
with the goal of / targeting
mùbiāo
目标
by / in
zài
在
before 2030 / by 2030
2030 nián qián
2030年前
to achieve / to reach
shíxiàn
实现
profitability / becoming profitable
yínglì
盈利
。
the company
gōngsī
公司
Chief Financial Officer (CFO)
shǒuxí cáiwùguān
首席财务官
Friar (Sarah Friar, OpenAI CFO)
Fúláiěr
弗莱尔
stated / indicated
biǎoshì
表示
，
OpenAI
OpenAI
OpenAI
plans to / intends to
jìhuà
计划
for
wèi
为
retail investors / individual investors
sànhù tóuzī zhě
散户投资者
to reserve / to set aside
yùliú
预留
a portion / some
bùfen
部分
shares / equity
gǔfèn
股份
，
in order to / so as to
yǐ
以
to expand / to broaden
kuòdà
扩大
the public
gōngzhòng
公众
participation / level of involvement
cānyù dù
参与度
。
this / the upcoming
cǐ cì
此次
IPO (initial public offering)
IPO
IPO
if / should it
ruò
若
successfully proceed / go ahead as planned
chénggōng tuījìn
成功推进
，
will be
jiāng shì
将是
the technology industry / tech sector
kējì hángyè
科技行业
in recent years
jìn nián lái
近年来
largest in scale / biggest
guīmó zuì dà de
规模最大的
public offering / listing transaction
shàngshì jiāoyì
上市交易
one of
zhī yī
之一
。

New Words

OpenAI
OpenAI
OpenAI (AI company)
shōurù
收入
revenue
tūpò
突破
to surpass/break through
shǒucì gōngkāi mùgǔ
首次公开募股
IPO
shàngshì gūzhí
上市估值
IPO valuation
qǐyè kèhù
企业客户
enterprise clients
kuīsǔn
亏损
losses
yínglì
盈利
profitability

News in English

Business

OpenAI Eyes Late 2026 IPO as Annual Revenue Surpasses 25 Billion Dollars

OpenAI annualized revenue has surpassed $25 billion and the company is actively preparing for an IPO as early as Q4 2026.

OpenAI disclosed that the company's annualized revenue has exceeded $25 billion, compared to $6 billion in 2024, representing significant growth. The company is currently negotiating with multiple investment banks, targeting an IPO completion by Q4 2026 at the earliest, with a potential listing valuation exceeding $800 billion. OpenAI's enterprise clients already account for 40% of total revenue, expected to reach parity with consumer business by year-end. Despite rapid revenue growth, the company is projected to still record losses of approximately $14 billion in 2026, targeting profitability by 2030. CFO Sarah Friar stated that OpenAI plans to reserve shares for retail investors to expand public participation. This IPO, if successfully executed, would be one of the largest public offerings in the technology sector in recent years.

More in Business

China
zhōngguó
中国
retail
língshòu
零售
sales
xiāoshòu
销售
May
wǔyuè
五月
first time
shǒucì
首次
decline
xiàhuá
下滑
。

China Retail Sales Fall for First Time in More Than Three Years

Salesforce (software company)
Salesforce
Salesforce
to spend
huā
花
$3.6 billion
36 yì měiyuán
36亿美元
to buy / to acquire
mǎixià
买下
AI (artificial intelligence)
AI
AI
customer service
kèfú
客服
company
gōngsī
公司
Fin (AI customer service company)
Fin
Fin
。

Salesforce to Buy AI Customer Service Firm Fin for $3.6 Billion

Fox (media company)
Fúkèsī
福克斯
to announce
xuānbù
宣布
for / at
yǐ
以
$22 billion
220 yì měiyuán
220亿美元
to acquire
shōugòu
收购
streaming media
liú méitǐ
流媒体
platform
píngtái
平台
Roku (streaming platform)
Roku
Roku
。

Fox Corporation to Acquire Roku Streaming Platform for $22 Billion

China
zhōngguó
中国
launches
tuīchū
推出
energy-saving
jiéyīng
节能
retrofit
gǎizào
改造
three-year
sān nián
三年
action
xíngdòng
行动
。

China Launches Three-Year Energy Conservation Retrofit Initiative