""We're not getting ready for an IPO. IPO is not on the cards right now," said Open AI CFO Sarah Friar at the Wall Street Journal's Tech Live conference. We are continuing to get the company into a state of constantly stepping up into the scale we are at, so I don't want to get wrapped around an IPO axle."
""An IPO is not our focus, so we could not possibly have set a date," said an OpenAI spokesperson speaking to Reuters. "We are building a durable business and advancing our mission so everyone benefits from AGI." All this chatter comes just days after OpenAI announced that it had finalized its restructuring as a public benefit corporation that answers to a nonprofit foundation, and shortly after that came news that OpenAI had inked a $38 billion deal with Amazon Web Services for cloud storage."
OpenAI's CFO Sarah Friar said the company is not getting ready for an IPO and that an IPO is not on the cards right now. Company leaders emphasize scaling operations and avoiding premature IPO timing. Analysts and media previously speculated about a 2027 or earlier IPO and possible groundwork toward a $1 trillion offering. An OpenAI spokesperson said an IPO is not the focus and no date could have been set, adding the company is building a durable business and advancing a mission so everyone benefits from AGI. Recent moves include finalizing a public-benefit restructuring and a $38 billion AWS cloud deal.
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