OpenAI Chief Financial Officer Sarah Friar told employees Wednesday that the company “will be a public company in 2027,” but said the debut could happen sooner if “our business continues to inflect,” according to CNBC, which cited two people familiar with her remarks who asked…
t to be identified. Friar made the comments during an all-hands meeting
She cast the listing as just one more capital-raising event in the company’s history, telling employees: “The IPO is not a finish line, it is a milestone, another fundraise. We raised $122 billion in March, and that gives us flexibility.” Friar also addressed the prospect of Anthropic going public first. “As you know we are confidentially under file, and Anthropic is also under file. There is a chance they pull the cover off that confidential file in the coming weeks and become public in September.
That’s OK, we are running our own race,” she said. During the meeting, Friar walked employees through a set of slides: revenue run rate had climbed 35% quarter to date, enterprise revenue run rate was up 50% over the same period, and the company’s AI coding and work product was drawing 20 million weekly active users. OpenAI told investors it generated $6.7 billion in revenue for the second quarter, up 18% from the first quarter.