内容来源：https://techcrunch.com/2026/08/10/openai-reportedly-completed-a-7-billion-employee-tender-offer/

内容总结：

据彭博社报道，OpenAI已完成一项价值70亿美元的股票回购交易，从员工手中购回股份，为这家前沿人工智能实验室的员工提供流动性。此次交易对OpenAI的估值达到8520亿美元，与其3月份最近一轮融资时的估值持平，该轮融资为公司增加了1220亿美元资金。

今年6月，OpenAI还向美国证券交易委员会秘密提交了文件，为年内可能进行的首次公开募股（IPO）做准备。然而，此次要约收购表明，IPO可能不会很快到来。由于许多科技公司比前几代初创企业更长时间地保持私有状态，私募要约已成为一种有效方式，让员工无需经历公开上市的种种困难即可兑现股票薪酬的价值。

截至发稿时，OpenAI未回应置评请求。上个月，OpenAI首席执行官萨姆·奥尔特曼写道：“过去12个月并非我们最好的时期，这主要归咎于我，但我们即将迎来有史以来最好的12个月。”通常，上市公司希望以强劲的财务业绩吸引投资者，而《华尔街日报》4月报道称，该公司未能实现内部财务目标。

尽管OpenAI惊人的增长势头和产品创新可能会在公开市场引发极大兴趣，但竞争对手Anthropic（据报道今年早些时候已实现盈利）的潜在上市，也促使OpenAI确保以最佳姿态亮相。此次要约收购可能再次表明，备受期待的IPO将等待OpenAI新策略——收缩战线、聚焦企业级业务——取得成效后再行推进。

中文翻译：

OpenAI已从这家私人持股的前沿人工智能实验室的员工手中回购了价值70亿美元的股票，此举旨在为其员工提供流动性。

据彭博社报道，这笔交易对OpenAI的估值为8520亿美元，与其3月份最近一轮融资时的估值持平，那轮融资为公司的资金储备增加了1220亿美元。

该公司还在6月向美国证券交易委员会秘密提交了文件，为今年晚些时候可能进行的首次公开募股做准备。然而，要约收购表明，IPO可能不会很快到来。由于许多科技公司比前几代初创企业保持私有状态的时间更长，私人要约收购已被证明是一种有用的方式，可以让员工在不面对公开发行带来的困难的情况下，实现其股票薪酬的价值。

截至发稿时，OpenAI未回应置评请求。

上月，OpenAI首席执行官萨姆·奥尔特曼写道：“我们过去12个月并不是最好的12个月，这主要是我造成的，但我们将迎来迄今为止最好的12个月。”公司上市通常希望展示强劲的财务业绩以吸引投资者，而《华尔街日报》4月报道称，该公司未达到内部财务目标。

虽然OpenAI惊人的增长和产品可能会在公开市场上引发巨大兴趣，但竞争对手Anthropic的潜在首次亮相——据报道今年早些时候已实现盈利——给了公司一个确保展现最佳面貌的理由。这次要约收购可能又是一个信号，表明备受期待的IPO将等待OpenAI的新战略——缩减投资范围并专注于企业业务——取得进展后再推进。

英文来源：

OpenAI has bought back $7 billion worth of shares from employees at the privately held frontier AI lab as part of an effort to provide liquidity to its workforce.
The deal, reported by Bloomberg, valued OpenAI at $852 billion, the same as its most recent fundraising round in March, which added $122 billion to the company’s war chest.
The company also filed confidentially with the Securities and Exchange Commission in June to prepare for a potential IPO later this year. However, a tender offer suggests that an IPO may not be forthcoming soon. With many tech companies remaining private longer than previous generations of startups, private tenders have proven a useful way for firms to allow employees to realize the value of their stock compensation without the difficulties that come with a public offering.
OpenAI did not respond to a request for comment by publication time.
Last month, OpenAI CEO Sam Altman wrote that “we did not have our best 12 months ever, which is mostly my fault, but we are about to have our best 12 months to date.” Firms going public typically want to show strong financial results to bring investors on board, and the Wall Street Journal reported in April that the company missed internal financial goals.
While OpenAI’s incredible growth and products are likely to generate massive interest in public markets, the potential debut of rival Anthropic — which was reportedly profitable earlier this year — gives the company a reason to ensure it puts its best face forward. The tender could be another signal that the much-anticipated offering will wait for OpenAI’s new strategy of paring down its bets and focusing on its enterprise business to gain traction.