OpenAI CFO raises concerns over Sam Altman's 2026 IPO plans, The Information reports
April 5 (Reuters) - OpenAI CFO Sarah Friar has voiced concerns over risks and challenges tied to CEO Sam Altman's plans to take the company public as early as the fourth quarter of 2026 and spend $600 billion over five years, The Information reported on Sunday.
Here are the details:
Friar told some colleagues earlier this year that she didn't believe the ChatGPT-maker would be ready for an initial public offering in 2026, citing required organisational and procedural work and risks from the company's spending commitments, the report said, quoting a person who spoke to her.
The report added that Friar questioned whether OpenAI would need to pour so much money into obtaining AI servers in the coming years, and whether its slowing revenue growth would be sufficient to support those commitments.
Reuters could not immediately verify the report. OpenAI did not immediately respond to a request for comment.
The report comes as OpenAI recently closed a funding round with $122 billion in committed capital, valuing the company at $852 billion. OpenAI is generating about $2 billion in revenue per month, according to the report.
