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commerce
shāng yè
商业
·HSK 6

OpenAI (AI company)
OpenAI
OpenAI
public
gōngkāi
公开
prospectus / IPO filing
zhāogǔ shuōmíngshū
招股说明书
expected / projected
yùjì
预计
this month
běn yuè
本月
to release / publish
fābù
发布
，
valuation
gūzhí
估值
possibly / may
huò
或
to reach
dá
达
$852 billion
8520 yì měiyuán
8520亿美元
。

OpenAI (AI company)
OpenAI
OpenAI
already / has
yǐ
已
in / during
yú
于
June
6 yuè
6月
to / toward
xiàng
向
the U.S. Securities and Exchange Commission
Měiguó Zhèngquàn Jiāoyì Wěiyuánhuì
美国证券交易委员会
confidentially / secretly
mìmì
秘密
to submit / file
tíjiāo
提交
stock offering
zhāogǔ
招股
draft / registration document
cǎoàn
草案
，
valuation
gūzhí
估值
approximately
yuē
约
$852 billion
8520 yì měiyuán
8520亿美元
，
public
gōngkāi
公开
version
bǎnběn
版本
expected
yùjì
预计
in
yú
于
mid-to-late August
8 yuè zhōng xià xún
8月中下旬
to release / publish
fābù
发布
，
Goldman Sachs
Gāoshèng
高盛
and
hé
和
Morgan Stanley
Mógēn Shìdānlì
摩根士丹利
to serve as / act as
dānrèn
担任
lead underwriters
zhǔ chéngxiāo shāng
主承销商
。

August 8, 2026 at 7:00 AM

artificial intelligence
réngōng zhìnéng
人工智能
company
gōngsī
公司
OpenAI
OpenAI
OpenAI
already / has
yǐ
已
in / during
yú
于
this year
jīnnián
今年
June
6 yuè
6月
to / toward
xiàng
向
the U.S. Securities and Exchange Commission
Měiguó Zhèngquàn Jiāoyì Wěiyuánhuì
美国证券交易委员会
confidentially / secretly
mìmì
秘密
to submit / file
tíjiāo
提交
initial public offering / IPO
shǒucì gōngkāi mùgǔ
首次公开募股
[modifier marker]
de
的
registration draft / draft prospectus
zhùcè cǎoàn
注册草案
。
informed / with inside knowledge
zhīqíng
知情
sources / people
rénshì
人士
to reveal / disclose
tòulù
透露
，
this / the current
cǐ cì
此次
listing / going public
shàngshì
上市
[modifier marker]
de
的
valuation
gūzhí
估值
approximately
yuē
约
to reach
dá
达
$852 billion
8520 yì měiyuán
8520亿美元
，
by
yóu
由
Goldman Sachs
Gāoshèng
高盛
and
hé
和
Morgan Stanley
Mógēn Shìdānlì
摩根士丹利
jointly / together
liánhé
联合
to lead / spearhead
zhǔdǎo
主导
listing
shàngshì
上市
process / workflow
liúchéng
流程
。
aimed at / for
miànxiàng
面向
the public
gōngzhòng
公众
[modifier marker]
de
的
complete / full
wánzhěng
完整
prospectus
zhāogǔ shuōmíngshū
招股说明书
expected / projected
yùjì
预计
in
yú
于
mid-to-late August
8 yuè zhōng xià xún
8月中下旬
formally / officially
zhèngshì
正式
to disclose / reveal
pīlù
披露
，
at that time / when the time comes
jiè shí
届时
the outside world / the public
wàijiè
外界
will
jiāng
将
for the first time
shǒucì
首次
to be able to / have the opportunity to
déyǐ
得以
to understand / learn about
liǎojiě
了解
its
qí
其
complete / full
wánzhěng
完整
financial
cáiwù
财务
status / condition
zhuàngkuàng
状况
。
the said / this
gāi
该
company
gōngsī
公司
to date / so far
qìjīn
迄今
not yet
shàngwèi
尚未
regarding / concerning
jiù
就
listing
shàngshì
上市
timeline / schedule
shíjiāobiǎo
时间表
to make / give
zuòchū
作出
formal / official
zhèngshì
正式
commitment / pledge
chéngnuò
承诺
，
but / however [formal]
wéi
惟
multiple / various
duō fāng
多方
sources
láiyuán
来源
all
jūn
均
to point to / suggest
zhǐ xiàng
指向
the year 2026
2026 nián
2026年
fourth quarter / Q4
dì sì jìdù
第四季度
to complete / achieve
wánchéng
完成
to list on an exchange
guà pái
挂牌
。
once / if
yīdàn
一旦
listing
shàngshì
上市
successful
chénggōng
成功
，
this
cǐ cì
此次
transaction / deal
jiāoyì
交易
will
jiāng
将
to become
chéngwéi
成为
the United States
Měiguó
美国
technology / tech
kējì
科技
industry / sector
hángyè
行业
in recent years
jìn nián lái
近年来
the largest-scale / biggest
guīmó zuìdà
规模最大
[modifier marker]
de
的
IPO (initial public offering)
IPO
IPO
one of
zhī yī
之一
。
investors
tóuzīzhě
投资者
and
hé
和
analysts
fēnxīshī
分析师
all / both
jūn
均
closely
mìqiè
密切
to follow / pay attention to
guānzhù
关注
prospectus
zhāogǔ shuōmíngshū
招股说明书
in / within
zhōng
中
[modifier marker]
de
的
revenue
yínshōu
营收
breakdown / itemized details
xìmù
细目
，
in order to
yǐ
以
to evaluate / assess
pínggū
评估
OpenAI
OpenAI
OpenAI
under / in
zài
在
high-intensity
gāo qiángdù
高强度
competition
jìngzhēng
竞争
environment / landscape
huánjìng
环境
under / in
xià
下
[modifier marker]
de
的
profitability / profit
yínglì
盈利
ability / capability
nénglì
能力
。

News in English

Business

OpenAI Public Prospectus Expected This Month as IPO Valuation Approaches 852 Billion Dollars

OpenAI filed a confidential draft prospectus with the SEC in June at a valuation of around $852 billion, with the public version expected in mid-to-late August and a Q4 2026 listing target led by Goldman Sachs and Morgan Stanley.

More in Business

China
zhōngguó
中国
plan
jìhuà
计划
2026
2026 nián
2026年
artificial intelligence
AI
AI
chip
xīnpiàn
芯片
production capacity
chǎnéng
产能
triple
fān sānbèi
翻三倍
。

China Targets Tripling AI Chip Production in 2026 to Counter Nvidia Dependence

China
zhōngguó
中国
artificial intelligence
AI
AI
chip
xīnpiàn
芯片
manufacturers
zhìzàoshāng
制造商
revenue
yíngshōu
营收
significantly
dàfú
大幅
grow
zēngzhǎng
增长
。

Chinese AI Chipmakers Report Soaring Revenue Growth in 2026 Earnings Season

United States / American
Měiguó
美国
July
7 yuè
7月
Consumer Price Index (CPI)
CPI
CPI
only / merely
jǐn
仅
to rise / to go up
shēng
升
0.1 percent
0.1%
0.1%
，
interest rate hike
jiā xī
加息
worry / concern
dānyōu
担忧
to ease / to alleviate
huǎnjiě
缓解
。

US July CPI Rises Just 0.1 Percent as Tame Inflation Data Boosts Markets

Trian Fund Management (investment firm)
Tèlǐān Jījīn
特里安基金
to plan / plan
jìhuà
计划
to acquire / takeover
shōugòu
收购
Wendys (fast-food chain)
Wēndí
温迪
，
stock price
gǔjià
股价
to rise / to go up
shàngzhǎng
上涨
13 percent
13%
13%
。

Trian Fund Prepares Bid to Take Wendys Private as Stock Jumps 13 Percent