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…
OpenAI's annualized revenue run rate (ARR) in July exceeded the company's total revenue for the entire second quarter, CFO Sarah Friar told employees, according to a report from CNBC.…
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…
OpenAI has raised its projected compute spending through 2030 to $750 billion, up from roughly $600 billion earlier this year, according to The Wall Street Journal. CFO Sarah Friar has privately warne…
OpenAI CFO Sarah Friar says CFOs should measure AI value by tracking 'useful intelligence per dollar' rather than model specs or cost per token, and outlines four questions to assess AI investments. A…
OpenAI CFO Sarah Friar introduced a new scorecard on July 17 that measures AI investment value using a metric called 'useful intelligence per dollar,' which quantifies economic value relative to total…
OpenAI CFO Sarah Friar published a scorecard for measuring AI return on investment, arguing that AI must be measured by the work it accomplishes rather than traditional software metrics like adoption.…
Sixteen Nobel Prize-winning economists, including Daron Acemoglu and Simon Johnson of MIT, signed an urgent letter warning that AI could drive an unprecedented economic transformation larger than the …
Nearly 200 economists and tech executives, including OpenAI CFO Sarah Friar and Anthropic co-founder Jack Clark, signed a statement Monday warning that AI could cause 'large-scale job displacement' an…
More than 200 economists and researchers including 15 Nobel Prize winners signed a statement organized by Korinek, Brynjolfsson, Agrawal, and Cunningham warning that AI-driven labor displacement will …
More than 200 top economists, executives, and researchers, including over a dozen Nobel Prize winners, have signed a letter warning that AI could cause large-scale job displacement if policymakers do …
OpenAI's No. 2 executive Fidji Simo is stepping down from her full-time role due to a worsening neuroimmune condition, just as the company prepares for its IPO. Simo, who oversaw product and business …
Fidji Simo, OpenAI's chief of applications and de facto number two executive, is stepping down after a three-month medical leave for postural orthostatic tachycardia syndrome did not lead to a full re…
Fidji Simo, OpenAI's No. 2 executive, is stepping down from her full-time role due to a prolonged medical leave, transitioning to a part-time advisory position. Her departure creates a leadership gap …
Fidji Simo is stepping down as OpenAI's AGI chief and transitioning to a part-time advisor role due to a chronic neuroimmune condition. Simo, who took medical leave in April, said her recovery is more…
OpenAI president Fidji Simo is taking a medical leave of absence due to a neuroimmune condition, and COO Brad Lightcap has transitioned to a special projects role, as the AI company prepares for a pot…