On November 6th, according to the Finance and Economics News Network (edited by Xiaoxiao), Sarah Friar, the Chief Financial Officer of OpenAI, stated on Wednesday that the company has no plans for an IPO in the near future. She hopes that the U.S. fe

At a technology event held on the same day, Friar poured cold water on rumors of the potential largest public listing in history. She pointed out that the transformation of OpenAI's new architecture does not necessarily mean an upcoming listing, as t

IPO is not currently under consideration, Friar said. We are continuing to drive the company's growth to match our current scale, so I don't want to get tangled up in the issue of IPO.

Previously, media reports indicated that the company had discussed the possibility of going public as early as 2027, with external estimates valuing it at $1 trillion.

Friar revealed in a recent interview that as OpenAI increases its datacenter capacity expenditure to unprecedented levels, the company hopes the U.S. government will support its development by providing financing guarantees for chip transactions. Cur

"We are seeking to build an ecosystem with the participation of banks, private equity, and even the government, exploring avenues for government support," she said. "Any such guarantees can not only significantly reduce financing costs but also incre

Friar stated that without such an aggressive investment strategy, OpenAI's enterprise and consumer businesses could have achieved profitability quickly with a "very healthy" gross profit margin.

"I am not overly concerned about the break-even point at the moment," she confessed. "But if we have to achieve break-even, there is enough profit space to achieve the goal through reducing investment."

How to view the circular financing and AI bubble?

In recent months, the surge in valuation of AI companies and the huge spending by tech companies on data centers and chips has attracted increasing attention from the market. OpenAI alone has pledged to invest more than $1.4 trillion in artificial in

When it comes to current concerns about the AI bubble in the industry, Friar believes that the market is overly focused on the potential bubble in the field of artificial intelligence, and people should be more optimistic about the potential of this

To support the construction of its artificial intelligence data center, OpenAI has recently reached a series of heavyweight transactions with many American tech giants such as Nvidia and AMD. These transactions have also been criticized by many insid

But in the interview, Friar said, "I don't agree with this statement at all."

We are all building complete infrastructure today to enable the world to have stronger computing capabilities, Friar said. I don't think it's a circular funding at all. We have done a lot of work to diversify our supply chain over the past year.

Friar emphasized that the company is exploring new sources of revenue beyond the ChatGPT subscription business, and specifically pointed out that the proportion of enterprise sales has increased from 30% at the beginning of the year to about 40% curr

OpenAI is competing for these enterprise clients with its smaller rival, Anthropic. Despite the company's overwhelming consumer market advantage, it means subsidizing the computing power costs for non-paying users of ChatGPT, which compresses its pro

Friar revealed that the company will have around 2 gigawatts of computing power for training and running AI models by the end of the year, a significant increase from 200 megawatts two years ago. Most of this computing power will be rented from Micro

When it comes to the scale of computing power that OpenAI plans to deploy, she said, "We are talking about a deployment scale comparable to that of a nation-state."