OpenAI CFO Sarah Friar told employees in a Wednesday all-hands meeting that an IPO is 'not a finish line, it is a milestone, another fundraise,' downplaying the importance of going public, according t…
OpenAI Chief Financial Officer Sarah Friar told employees the company will go public by 2027 or sooner, according to a CNBC report on August 19, 2026. The statement marks the first time OpenAI has giv…
OpenAI's second-quarter revenue rose 18% to $6.7 billion, a sharp slowdown compared with Anthropic, which more than doubled sales to about $11.6 billion and overtook the ChatGPT maker for the first ti…
OpenAI generated $6.7 billion in revenue in Q2 2026, up from $5.7 billion in Q1, according to the Wall Street Journal, with CFO Sarah Friar noting annualized recurring revenue exceeded that quarterly …
OpenAI has appointed Dali Rajic, former president and COO of Wiz, as its new chief revenue officer to lead enterprise and cybersecurity initiatives. Rajic's experience at Wiz, which Google acquired fo…
OpenAI CFO Sarah Friar told employees at a July 29 meeting that enterprise revenue has overtaken consumer revenue, with annualized recurring revenue for July alone surpassing the company's total reven…
OpenAI CFO Sarah Friar told investors that the company's enterprise business now generates more revenue than its consumer business, marking a strategic shift. The disclosure came during investor meeti…
OpenAI is facing a C-suite exodus ahead of its IPO, with Chief Revenue Officer Denise Dresser resigning Thursday just eight months after joining, and former COO Brad Lightcap departing after eight yea…
OpenAI CFO Sarah Friar is conducting investor meetings as the company accelerates toward an IPO, following its confidential SEC filing in June 2026 and a record private funding round of $120B-$122B at…
OpenAI is on track to generate annualized revenue of more than $40 billion based on its current performance, roughly doubling its run rate from the end of 2025, according to people familiar with the m…
OpenAI's 69-page report on enterprise ChatGPT adoption, published August 11, found no statistically significant correlation between AI usage and revenue per employee, despite highlighting a 'frontier …
OpenAI CEO Sam Altman said at the Internapalooza Conference last month that he was 'peer pressured and tricked' into accepting a Goldman Sachs internship during his sophomore year but turned it down t…
OpenAI CFO Sarah Friar said AI will not replace financial rigor or human judgment, emphasizing that ChatGPT Work helps finance teams find issues sooner and ask better questions. In a LinkedIn post and…
OpenAI CFO Sarah Friar outlined a blueprint for an AI-native finance function with goals of a zero-day close and continuously updated forecasting, moving beyond efficiency to redesign finance workflow…
OpenAI CFO Sarah Friar shared five lessons for building an AI-native finance function, including automated forecasting, stronger controls, and measuring AI ROI, based on her experience at OpenAI.…
OpenAI's finance department, led by CFO Sarah Friar, is using ChatGPT Work, an AI agent that automates tasks like monthly close and forecasting, with the strategic finance team reporting tasks complet…
Microsoft reported strong quarterly earnings driven by steady growth in its cloud and AI businesses, with Azure revenue up 33% year-over-year, as the company focuses on operational efficiency rather t…
OpenAI CFO Sarah Friar told employees on July 29 that annualized recurring revenue in July exceeded the entire second quarter, according to CNBC, but the company did not disclose a dollar figure or de…
Chinese startup Moonshot released Kimi K3, an open-weight AI model that rivals top offerings from OpenAI and Anthropic, challenging U.S. AI dominance by shifting focus from hardware supremacy to model…
OpenAI has raised its projected infrastructure spending through 2030 to $750 billion, a 25% increase from $600 billion earlier this year, driven by cloud deals with Oracle, AWS, and Microsoft Azure to…