코어엔진을 포기하면 유통상사로 남는다
BQE소식&칼럼 · 2026-08-25 · 윤진 대표
AI 엔진 기업들의 매출은 우려와 달리 빠르게 불어나고 있고, 락인과 브랜드가 새로운 해자를 만들고 있다. 한국이 이 경쟁을 처음부터 포기하면 코어엔진이 아니라 유통의 자리에 남을 수 있다는 것이 이 글의 문제의식이다.
OpenAI와 앤스로픽을 보는 시선은 여전히 엇갈린다. 한쪽에서는 두 회사가 추론 비용을 감당하지 못해 장기 적자 구간에 갇힐 것이고, 오픈소스 모델이 따라붙는 순간 지금의 밸류에이션은 근거를 잃을 것이라고 본다. 그런데 실제 숫자는 다른 이야기를 하고 있다. 앤스로픽의 연환산 매출은 2024년 12월 10억 달러에서 2026년 7월 650억 달러로 19개월 만에 65배로 불어났고, 오픈AI의 기업용 매출도 2025년 말 24억 달러에서 올해 중반 50억 달러로 두 배가 됐다(Sacra, valueaddvc.com 추정치, 2026년 8월 기준). 적자를 걱정해야 할 회사의 그래프가 아니다.
내 생각은 이렇다, AI 엔진 기업들은 우려와 달리 락인과 재무구조 개선을 동시에 만들어내며 해자를 쌓고 있고, 한국은 이 경쟁을 처음부터 못 이기는 게임으로 정의해 놓고 유통상사의 자리로 스스로 물러나고 있다. 코어엔진 개발에 소극적인 태도로 남의 엔진을 잘 갖다 쓰는 역할에만 머문다면, 그 유통상사 자리에서 벗어날 수 없다. 지금의 대기업들이 힘든 시절에도 세계 시장의 핵심 상품을 붙들었기에 지금 자리에 있다는 사실을 다시 봐야 하는 이유다.
윤진, 블랙퀀트에쿼티(BQE) 대표이사
적자가 아니라 락인, AI 엔진의 재무구조가 바뀌고 있다
앤스로픽의 연환산 매출은 2024년 12월 10억 달러에서 2026년 7월 650억 달러로 늘었다. 자료 출처, Sacra 추정치 종합
구독료 인상과 기업용 API가 이 성장을 함께 밀고 있다. 챗GPT 개인용 요금제는 무료부터 월 200달러 프로 요금제까지 다섯 단계로 늘어났고, 오픈AI 기업용 요금제는 좌석당 월 60~80달러, 대형 계약은 볼륨 할인을 거쳐도 40달러 선에서 유지된다(Finout, Inference.net, 2026년 집계). 앤스로픽은 기업 고객 30만 곳 이상을 확보했고, 연 10만 달러 이상을 쓰는 고객 수는 1년 사이 7배로 늘었다(Sacra, 2026년). 모델이 버전을 거듭할수록 토큰 사용량이 늘고, 늘어난 사용량이 다시 구독료 인상의 근거가 되는 구조다.
코어엔진을 소유한 기업들은 이 인프라 위에 쌓인 사용 데이터와 고객 관성을 함께 소유한다. (사진 출처, Wikimedia Commons)
여기에 다년간 쌓인 사용 로그와 브랜드가 더해진다. 신규 진입자는 같은 성능을 내는 모델을 만들어도, 이미 워크플로우에 얽혀 들어간 기업 고객을 떼어내야 하는 부담을 추가로 진다. 진입장벽은 반도체가 아니라 이 축적된 관성에서 나온다.
한국은 처음부터 게임에서 빠지는 길을 택하고 있다
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