OpenAI’s CFO Reportedly Wants to Delay the IPO from 2026 to 2027
OpenAI's CFO Sarah Friar has reportedly advised delaying the company's planned 2026 IPO to 2027, citing concerns over spending and readiness for public reporting standards. This comes amid missed revenue targets and growing pressure to control costs as the company invests heavily in data centers. While CEO Sam Altman pushes for a faster timeline, Friar's experience with past tech IPOs and cost management adds weight to her cautious approach.
- ▪OpenAI's CFO Sarah Friar has privately suggested delaying the company's IPO from 2026 to 2027 due to concerns about financial readiness.
- ▪OpenAI reportedly missed recent revenue targets, despite claims from a spokesperson that internal goals for Q1 were met.
- ▪Friar previously oversaw the IPOs of Square and Nextdoor, both of which faced significant stock declines after going public.
- ▪Banks have told OpenAI and Anthropic they are in a winner-take-all race to be the first AI company to go public.
- ▪Google recently reported $20 billion in AI-derived revenue, adding competitive pressure on OpenAI.
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According comments apparently delivered anonymously to the Wall Street Journal’s Berber Jin and Corrie Driebusch, OpenAI’s relentless push toward a 2026 initial public offering (IPO) may not be so relentless after all. OpenAI is being advised it seems, to relent until next year.cnx.cmd.push(function(){cnx({"playerId":"92b7b46b-43ed-4e0e-b21b-2c999302d9d7","settings":{"advertising":{"macros":{"AD_UNIT":"/23178111854/od.gizmodo.com/article","CHILD_UNIT":"article","POST_ID":"2000753760","POST_TYPE":"post","CHANNEL":"tech","SECTION":"artificial-intelligence","SUBSECTION":"","CATEGORIES":"artificial-intelligence","TAGS":"openai,sam-altman,sarah-friar","NOP":"0"},"timeBeforeFirstAd":0}}}).render("cnx-player-main")}); A Journal report earlier this week from Jin said OpenAI—which is private, and…
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