Financial Timesによると、AnthropicとOpenAIの銀行団は、両社の今後予定されている新規株式公開(IPO)後に投資適格の信用格付けを付与するよう、格付け会社に働きかけている。

FTの報道は、伝えたところによると、Morgan StanleyとGoldman Sachsはここ数週間、この問題について信用格付け会社と協議している。

銀行団は、OpenAIとAnthropicのIPOによって巨額の流動性が生まれ、バランスシートの健全性が改善すると主張しているという。

AI企業各社は、最先端の基盤モデルの開発に必要なコストを賄うため、さまざまなVC企業、政府系ファンド、その他のテック企業から数十億ドルを調達している。

主要な格付け会社から投資適格の格付けを取得すれば、OpenAIとAnthropicはより幅広く、より低コストで企業債券市場にアクセスできるようになり、これまで両社をリスクが高すぎると判断していた従来型の機関からも資本を呼び込めるようになる。

しかし、AI開発企業は昨年、インフラや研究開発に多額の資金を投入し続けた結果、数十億ドルに上る損失を計上しており、従来の評価基準では高い格付けを取得するのが難しくなる可能性がある。

両社はいまだIPOの正式な日程を設定していない。Reutersは報じた今月初め、Anthropicは11月の米中間選挙前の上場を目指していると伝えた。OpenAIのCFOであるSarah Friarは、伝えられるところによると、同社のAI研究所は2027年に上場企業になると従業員に話したという。

OpenAI vs. Anthropic Revenue Run Rate

OpenAI vs. Anthropic Revenue Run Rate

  • OpenAI
  • Anthropic
As of 2026-07-31, Anthropic leads with an estimated annualized revenue run rate of $65.$80B$60B$40B$20B$0Jan '23Jan '24Jan '25Jul '26{"f":[360,150,40,8],"s":[["OpenAI","#16a34a"],["Anthropic","#ea580c"]],"p":[["2023-01-31T00:00:00.000Z","Jan '23",40,[[0,"$0.21B",127.7,null],[1,"$0.01B",127.99,null]],null],["2023-02-28T00:00:00.000Z","Feb '23",46.84,[[0,"$0.49B",127.3,null],[1,"$0.02B",127.98,null]],null],["2023-03-31T00:00:00.000Z","Mar '23",54.42,[[0,"$0.55B",127.21,null],[1,"$0.02B",127.97,null]],null],["2023-04-30T00:00:00.000Z","Apr '23",61.74,[[0,"$0.62B",127.11,null],[1,"$0.03B",127.96,null]],null],["2023-05-31T00:00:00.000Z","May '23",69.32,[[0,"$0.7B",127,null],[1,"$0.03B",127.95,null]],null],["2023-06-30T00:00:00.000Z","Jun '23",76.65,[[0,"$0.79B",126.87,null],[1,"$0.04B",127.94,null]],null],["2023-07-31T00:00:00.000Z","Jul '23",84.22,[[0,"$0.89B",126.73,null],[1,"$0.05B",127.93,null]],null],["2023-08-31T00:00:00.000Z","Aug '23",91.8,[[0,"$1B",126.58,null],[1,"$0.07B",127.91,null]],null],["2023-09-30T00:00:00.000Z","Sep '23",99.13,[[0,"$1.14B",126.38,null],[1,"$0.08B",127.89,null]],null],["2023-10-31T00:00:00.000Z","Oct '23",106.7,[[0,"$1.3B",126.15,null],[1,"$0.1B",127.86,null]],null],["2023-11-30T00:00:00.000Z","Nov '23",114.03,[[0,"$1.53B",125.83,null],[1,"$0.1B",127.86,null]],null],["2023-12-31T00:00:00.000Z","Dec '23",121.6,[[0,"$1.8B",125.44,null],[1,"$0.09B",127.87,null]],null],["2024-01-31T00:00:00.000Z","Jan '24",129.18,[[0,"$2.01B",125.14,null],[1,"$0.09B",127.88,null]],null],["2024-02-29T00:00:00.000Z","Feb '24",136.26,[[0,"$2.22B",124.84,null],[1,"$0.11B",127.85,null]],null],["2024-03-31T00:00:00.000Z","Mar '24",143.84,[[0,"$2.47B",124.47,null],[1,"$0.14B",127.81,null]],null],["2024-04-30T00:00:00.000Z","Apr '24",151.17,[[0,"$2.75B",124.09,null],[1,"$0.17B",127.76,null]],null],["2024-05-31T00:00:00.000Z","May '24",158.74,[[0,"$3.06B",123.64,null],[1,"$0.21B",127.7,null]],null],["2024-06-30T00:00:00.000Z","Jun '24",166.07,[[0,"$3.4B",123.15,null],[1,"$0.26B",127.63,null]],null],["2024-07-31T00:00:00.000Z","Jul '24",173.64,[[0,"$3.5B",123.01,null],[1,"$0.33B",127.53,null]],null],["2024-08-31T00:00:00.000Z","Aug '24",181.22,[[0,"$3.6B",122.87,null],[1,"$0.41B",127.41,null]],null],["2024-09-30T00:00:00.000Z","Sep '24",188.55,[[0,"$4B",122.3,null],[1,"$0.51B",127.27,null]],null],["2024-10-31T00:00:00.000Z","Oct '24",196.12,[[0,"$4.45B",121.65,null],[1,"$0.64B",127.09,null]],null],["2024-11-30T00:00:00.000Z","Nov '24",203.45,[[0,"$4.94B",120.96,null],[1,"$0.8B",126.86,null]],null],["2024-12-31T00:00:00.000Z","Dec '24",211.03,[[0,"$5.5B",120.16,null],[1,"$1B",126.58,null]],null],["2025-01-31T00:00:00.000Z","Jan '25",218.6,[[0,"$6B",119.45,null],[1,"$0.95B",126.65,null]],null],["2025-02-28T00:00:00.000Z","Feb '25",225.44,[[0,"$6.6B",118.6,null],[1,"$1.25B",126.22,null]],null],["2025-03-31T00:00:00.000Z","Mar '25",233.01,[[0,"$7.34B",117.55,null],[1,"$2B",125.15,null]],null],["2025-04-30T00:00:00.000Z","Apr '25",240.34,[[0,"$8.12B",116.42,null],[1,"$2.44B",124.52,null]],null],["2025-05-31T00:00:00.000Z","May '25",247.92,[[0,"$9.03B",115.13,null],[1,"$3B",123.73,null]],null],["2025-06-30T00:00:00.000Z","Jun '25",255.25,[[0,"$10B",113.75,null],[1,"$4B",122.3,null]],null],["2025-07-31T00:00:00.000Z","Jul '25",262.82,[[0,"$12.5B",110.19,null],[1,"$5B",120.88,null]],null],["2025-08-31T00:00:00.000Z","Aug '25",270.4,[[0,"$13.8B",108.34,null],[1,"$5.5B",120.16,null]],null],["2025-09-30T00:00:00.000Z","Sep '25",277.73,[[0,"$14.9B",106.77,null],[1,"$6.19B",119.17,null]],null],["2025-10-31T00:00:00.000Z","Oct '25",285.3,[[0,"$16.12B",105.03,null],[1,"$7B",118.03,null]],null],["2025-11-30T00:00:00.000Z","Nov '25",292.63,[[0,"$17.4B",103.21,null],[1,"$7.92B",116.71,null]],null],["2025-12-31T00:00:00.000Z","Dec '25",300.2,[[0,"$21.4B",97.51,null],[1,"$9B",115.18,null]],null],["2026-01-31T00:00:00.000Z","Jan '26",307.78,[[0,"$23.22B",94.91,null],[1,"$12.4B",110.33,null]],null],["2026-02-28T00:00:00.000Z","Feb '26",314.62,[[0,"$25B",92.38,null],[1,"$18.1B",102.21,null]],null],["2026-03-31T00:00:00.000Z","Mar '26",322.19,[[0,"$24B",93.8,null],[1,"$27.7B",88.53,null]],null],["2026-04-30T00:00:00.000Z","Apr '26",329.52,[[0,"$28.5B",87.39,null],[1,"$39.5B",71.71,null]],null],["2026-05-31T00:00:00.000Z","May '26",337.1,[[0,"$33B",80.98,null],[1,"$50.3B",56.32,null]],null],["2026-06-30T00:00:00.000Z","Jun '26",344.43,[[0,"$32B",82.4,null],[1,"$57B",46.78,null]],null],["2026-07-31T00:00:00.000Z","Jul '26",352,[[0,"$40B",71,null],[1,"$65B",35.38,null]],null]]}OpenAI: $40B on Jul '26. Anthropic: $65B on Jul '26
SOURCE: The Latent