Funding
OpenAI CFO Sarah Friar Discusses IPO Plans and Record Fundraising on CNBC
OpenAI's Chief Financial Officer, Sarah Friar, recently appeared on CNBC to share insights on the company's latest corporate developments, including its substantial fundraising efforts and the anticipated initial public offering (IPO).
Friar, who took on the CFO role in June 2024, has become a prominent figure in financial news, discussing key milestones such as OpenAI's record $122 billion funding round in March 2026. This funding elevated the company's post-money valuation to $852 billion, placing it among the most valuable private companies globally.
The investor lineup for this funding round includes major players like Amazon, which led with a $50 billion commitment, alongside Nvidia and SoftBank, each contributing $30 billion. By the end of 2025, OpenAI reported over $40 billion on its balance sheet.
OpenAI has confidentially filed for a US IPO, transitioning from speculation to a more concrete timeline for going public. As the company prepares for this move, it has been adjusting its revenue model to balance consumer and enterprise clients.
During her CNBC appearance, Friar also highlighted OpenAI's recent DevDay conference, where the company unveiled over 20 new announcements, including advancements in its GPT-6 series and enhanced developer tools. Additionally, she discussed the Stargate project, aimed at bolstering OpenAI's infrastructure to support its growing AI capabilities.
FAQ
What recent developments did OpenAI's CFO Sarah Friar discuss on CNBC?
Sarah Friar discussed OpenAI's substantial fundraising efforts, including a record $122 billion funding round and the company's plans for an initial public offering (IPO).
What was the amount raised in OpenAI's latest funding round?
OpenAI raised a record $122 billion in its latest funding round, which took place in March 2026.
Who were the major investors in OpenAI's recent funding round?
The major investors included Amazon, which led with a $50 billion commitment, and Nvidia and SoftBank, each contributing $30 billion.
What is the current valuation of OpenAI following the funding round?
Following the funding round, OpenAI's post-money valuation reached $852 billion, making it one of the most valuable private companies in the world.
What new initiatives did OpenAI announce during its recent DevDay conference?
During the DevDay conference, OpenAI announced over 20 new initiatives, including advancements in its GPT-6 series and enhanced developer tools.