<p><img src="https://www.sohu.com/a/Ia4yZ4hqAGnFYOx5SsJGIMmJ5ULT+qz1crB9Zo+mUNNOns3G8p3b9Pn7yYpBYBNJZL7I8jHudEowgBQjpVdGohncofL6dXPRk5XwdWUZ/GI=" data-src="Ia4yZ4hqAGnFYOx5SsJGIMmJ5ULT+qz1crB9Zo+mUNNOns3G8p3b9Pn7yYpBYBNJZL7I8jHudEowgBQjpVdGohncofL6dXPRk5XwdWUZ/GI=" /></p><p><span style="font-size: 16px;"><span style="font-size: 16px;">图片来源：界面新闻</span></span></p><p><span style="font-size: 16px;"><span>当地时间</span></span><span style="font-size: 16px;"><span>3</span></span><span style="font-size: 16px;"><span>月</span></span><span style="font-size: 16px;"><span>5</span></span><span style="font-size: 16px;"><span>日，美国头部人工智能企业</span></span><span style="font-size: 16px;"><span>OpenAI</span></span><span style="font-size: 16px;"><span>正式推出</span></span><span style="font-size: 16px;"><span>GPT-5.4</span></span><span style="font-size: 16px;"><span>，提供“</span></span><span style="font-size: 16px;"><span>Thinking</span></span><span style="font-size: 16px;"><span>（思维）”模式，上线</span></span><span style="font-size: 16px;"><span>ChatGPT</span></span><span style="font-size: 16px;"><span>、</span></span><span style="font-size: 16px;"><span>API</span></span><span style="font-size: 16px;"><span>及</span></span><span style="font-size: 16px;"><span>Codex</span></span><span style="font-size: 16px;"><span>平台（</span></span><span style="font-size: 16px;"><span>OpenAI</span></span><span style="font-size: 16px;"><span>公司开发的</span></span><span style="font-size: 16px;"><span>AI</span></span><span style="font-size: 16px;"><span>代码生成训练模型），同时面向</span></span><span style="font-size: 16px;"><span>ChatGPT</span></span><span style="font-size: 16px;"><span>及</span></span><span style="font-size: 16px;"><span>API</span></span><span style="font-size: 16px;"><span>平台推出</span></span><span style="font-size: 16px;"><span>GPT-5.4 Pro</span></span><span style="font-size: 16px;"><span>版本。</span></span></p><p><span style="font-size: 16px;"><span>OpenAI</span></span><span style="font-size: 16px;"><span>称这是</span></span><span style="font-size: 16px;"><span>“</span></span><span style="font-size: 16px;"><span>迄今能力最强、最高效的专业工作前沿模型</span></span><span style="font-size: 16px;"><span>”</span></span><span style="font-size: 16px;"><span>，最大变化在于强化</span></span><span style="font-size: 16px;"><span>AI</span></span><span style="font-size: 16px;"><span>智能体的能力。</span></span><span style="font-size: 16px;"><span>GPT-5.4</span></span><span style="font-size: 16px;"><span>不仅继承了</span></span><span style="font-size: 16px;"><span>GPT-5.3-Codex</span></span><span style="font-size: 16px;"><span>的编程能力，更优化了模型在各类工具、软件环境及专业任务中的协同表现——涵盖电子表格、演示文稿和文档处理等场景。</span></span><span style="font-size: 16px;"><span>OpenAI</span></span><span style="font-size: 16px;"><span>称，在</span></span><span style="font-size: 16px;"><span>ChatGPT</span></span><span style="font-size: 16px;"><span>中，</span></span><span style="font-size: 16px;"><span>GPT-5.4 Thinking</span></span><span style="font-size: 16px;"><span>现可提前展示其思考路径，用户可在系统处理过程中实时调整方向；</span></span><span style="font-size: 16px;"><span>GPT-5.4 Thinking</span></span><span style="font-size: 16px;"><span>还增强了深度网络搜索能力。</span></span></p><p><span style="font-size: 16px;"><span>OpenAI</span></span><span style="font-size: 16px;"><span>表示，</span></span><span style="font-size: 16px;"><span>GPT-5.4</span></span><span style="font-size: 16px;"><span>具备原生尖端计算机操作能力，可让智能体跨应用程序操控计算机并执行复杂工作流，该模型支持高达</span></span><span style="font-size: 16px;"><span>100</span></span><span style="font-size: 16px;"><span>万令牌的上下文处理能力，使智能体能够规划、执行并验证跨长期时段的任务。</span></span></p><p><span style="font-size: 16px;"><span>值得注意的是，据央视新闻报道，近日，</span></span><span style="font-size: 16px;"><span>OpenAI</span></span><span style="font-size: 16px;"><span>与美国国防部达成一项合作协议。数据显示，消息公布后，</span></span><span style="font-size: 16px;"><span>ChatGPT</span></span><span style="font-size: 16px;"><span>移动应用程序在美国的卸载量大幅上升。据市场情报公司</span></span><span style="font-size: 16px;"><span>SensorTower</span></span><span style="font-size: 16px;"><span>的数据，</span></span><span style="font-size: 16px;"><span>2</span></span><span style="font-size: 16px;"><span>月</span></span><span style="font-size: 16px;"><span>28</span></span><span style="font-size: 16px;"><span>日</span></span><span style="font-size: 16px;"><span>OpenAI</span></span><span style="font-size: 16px;"><span>宣布与美国国防部达成协议当天，美国</span></span><span style="font-size: 16px;"><span>ChatGPT</span></span><span style="font-size: 16px;"><span>移动应用程序的卸载量较前一日暴增</span></span><span style="font-size: 16px;"><span>295%</span></span><span style="font-size: 16px;"><span>。而在此前</span></span><span style="font-size: 16px;"><span>30</span></span><span style="font-size: 16px;"><span>天内，</span></span><span style="font-size: 16px;"><span>ChatGPT</span></span><span style="font-size: 16px;"><span>的平均日卸载率仅在</span></span><span style="font-size: 16px;"><span>9%</span></span><span style="font-size: 16px;"><span>左右。</span></span></p><p><span style="font-size: 16px;"><span>此后，当地时间</span></span><span style="font-size: 16px;"><span>3</span></span><span style="font-size: 16px;"><span>月</span></span><span style="font-size: 16px;"><span>2</span></span><span style="font-size: 16px;"><span>日，</span></span><span style="font-size: 16px;"><span>OpenAI</span></span><span style="font-size: 16px;"><span>首席执行官山姆·奥特曼发文称，已与美国国防部合作，在协议中添加条款以明确原则。</span></span><span style="font-size: 16px;"><span>奥特曼称，公司不应急于发布与美国防部的合作，问题非常复杂，需要清晰的沟通。奥特曼称自己犯了错误，合作看起来“机会主义且草率”。</span></span></p><p><span style="font-size: 16px;"><span>此前，当地时间</span></span><span style="font-size: 16px;"><span>2</span></span><span style="font-size: 16px;"><span>月</span></span><span style="font-size: 16px;"><span>27</span></span><span style="font-size: 16px;"><span>日，</span></span><span style="font-size: 16px;"><span>OpenAI</span></span><span style="font-size: 16px;"><span>宣布获得了</span></span><span style="font-size: 16px;"><span>1100</span></span><span style="font-size: 16px;"><span>亿美元巨额融资，估值飙至</span></span><span style="font-size: 16px;"><span>7300</span></span><span style="font-size: 16px;"><span>亿美元。本轮融资由亚马逊领投</span></span><span style="font-size: 16px;"><span>500</span></span><span style="font-size: 16px;"><span>亿美元，软银集团与英伟达各出资</span></span><span style="font-size: 16px;"><span>300</span></span><span style="font-size: 16px;"><span>亿美元共同参与。</span></span><span style="font-size: 16px;"><span>OpenAI</span></span><span style="font-size: 16px;"><span>表示，公司还与亚马逊签署了战略合作伙伴关系，并确保了英伟达下一代推理算力的供应。</span></span></p><p><span style="font-size: 16px;"><span>当地时间</span></span><span style="font-size: 16px;"><span>3</span></span><span style="font-size: 16px;"><span>月</span></span><span style="font-size: 16px;"><span>4</span></span><span style="font-size: 16px;"><span>日，据英伟达首席执行官黄仁勋在摩根士丹利科技、媒体与电信会议上</span></span><span style="font-size: 16px;"><span>透露，OpenAI</span></span><span style="font-size: 16px;"><span>的投资窗口即将关闭，该公司计划上市，可能就在今年年底。</span></span><span style="font-size: 16px;"><span>英伟达和其他投资者对其的投资“可能是最后一笔”。</span></span></p><p><span style="font-size: 16px;"><span>另有知情人士透露，截至</span></span><span style="font-size: 16px;"><span>2026</span></span><span style="font-size: 16px;"><span>年</span></span><span style="font-size: 16px;"><span>2</span></span><span style="font-size: 16px;"><span>月底，</span></span><span style="font-size: 16px;"><span>OpenAI</span></span><span style="font-size: 16px;"><span>年化营收已突破</span></span><span style="font-size: 16px;"><span>250</span></span><span style="font-size: 16px;"><span>亿美元。</span></span></p><p><span style="font-size: 16px;"><span>而据</span></span><span style="font-size: 16px;"><span>2</span></span><span style="font-size: 16px;"><span>月</span></span><span style="font-size: 16px;"><span>27</span></span><span style="font-size: 16px;"><span>日融资当天发布的数据，本轮融资完成后，</span></span><span style="font-size: 16px;"><span>OpenAI</span></span><span style="font-size: 16px;"><span>账面现金约达</span></span><span style="font-size: 16px;"><span>400</span></span><span style="font-size: 16px;"><span>亿美元。公司预计收入将从</span></span><span style="font-size: 16px;"><span>2025</span></span><span style="font-size: 16px;"><span>年的</span></span><span style="font-size: 16px;"><span>130</span></span><span style="font-size: 16px;"><span>亿美元增长至</span></span><span style="font-size: 16px;"><span>2026</span></span><span style="font-size: 16px;"><span>年的</span></span><span style="font-size: 16px;"><span>300</span></span><span style="font-size: 16px;"><span>亿美元以上。此外，融资带来的估值提升使</span></span><span style="font-size: 16px;"><span>OpenAI</span></span><span style="font-size: 16px;"><span>基金会在集团中所持股份价值增至超过</span></span><span style="font-size: 16px;"><span>1800</span></span><span style="font-size: 16px;"><span>亿美元。</span></span></p><p><span style="font-size: 16px;"><span>高盛测算显示，</span></span><span style="font-size: 16px;"><span>OpenAI</span></span><span style="font-size: 16px;"><span>每</span></span><span style="font-size: 16px;"><span>1</span></span><span style="font-size: 16px;"><span>美元收入对应</span></span><span style="font-size: 16px;"><span>0.69</span></span><span style="font-size: 16px;"><span>美元亏损，</span></span><span style="font-size: 16px;"><span>2025</span></span><span style="font-size: 16px;"><span>年其年收入突破</span></span><span style="font-size: 16px;"><span>200</span></span><span style="font-size: 16px;"><span>亿美元，但亏损预计高达</span></span><span style="font-size: 16px;"><span>140-170</span></span><span style="font-size: 16px;"><span>亿美元，算力成本占总支出超</span></span><span style="font-size: 16px;"><span>60%</span></span><span style="font-size: 16px;"><span>，且预计直到</span></span><span style="font-size: 16px;"><span>2030</span></span><span style="font-size: 16px;"><span>年才能实现正向现金流。</span></span></p><p><span style="font-size: 16px;"><span>OpenAI</span></span><span style="font-size: 16px;"><span>成立于</span></span><span style="font-size: 16px;"><span>2015</span></span><span style="font-size: 16px;"><span>年，最初定位为非营利性人工智能研究实验室，由萨姆·阿尔特曼（</span></span><span style="font-size: 16px;"><span>Sam Altman</span></span><span style="font-size: 16px;"><span>）、埃隆·马斯克等人共同创立，旨在推动友好的通用人工智能（</span></span><span style="font-size: 16px;"><span>AGI</span></span><span style="font-size: 16px;"><span>）发展。</span></span><span style="font-size: 16px;"><span>2022</span></span><span style="font-size: 16px;"><span>年</span></span><span style="font-size: 16px;"><span>11</span></span><span style="font-size: 16px;"><span>月，</span></span><span style="font-size: 16px;"><span>OpenAI</span></span><span style="font-size: 16px;"><span>推出对话式</span></span><span style="font-size: 16px;"><span>AI</span></span><span style="font-size: 16px;"><span>产品</span></span><span style="font-size: 16px;"><span>ChatGPT</span></span><span style="font-size: 16px;"><span>，迅速引发全球生成式</span></span><span style="font-size: 16px;"><span>AI</span></span><span style="font-size: 16px;"><span>浪潮，公司由此进入主流视野。</span></span></p><p><span style="font-size: 16px;"><span>随着技术突破和商业化加速，</span></span><span style="font-size: 16px;"><span>OpenAI</span></span><span style="font-size: 16px;"><span>于</span></span><span style="font-size: 16px;"><span>2019</span></span><span style="font-size: 16px;"><span>年设立有限利润（</span></span><span style="font-size: 16px;"><span>capped-profit</span></span><span style="font-size: 16px;"><span>）子公司，接受外部投资以获取算力资源。微软自</span></span><span style="font-size: 16px;"><span>2019</span></span><span style="font-size: 16px;"><span>年起成为其重要财务支持者，累计投资约</span></span><span style="font-size: 16px;"><span>130</span></span><span style="font-size: 16px;"><span>亿美元。</span></span></p>