OpenAI is not working on an IPO yet: CFO

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OpenAI Chief Financial Officer Sarah Friar said an initial public offering is not in the startup’s near-term plans, speaking at the WSJ’s Tech Live conference on Wednesday.

“IPO is not on the cards right now,” Friar said. “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.”

OpenAI did not immediately respond to a Reuters request for comment.

Last week, Reuters reported that OpenAI was laying the groundwork for an initial public offering that could value…



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We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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OpenAI is not working on an IPO yet: CFO



OpenAI Chief Financial Officer Sarah Friar said an initial public offering is not in the startup’s near-term plans, speaking at the WSJ’s Tech Live conference on Wednesday.

“IPO is not on the cards right now,” Friar said. “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.”

OpenAI did not immediately respond to a Reuters request for comment.

Last week, Reuters reported that OpenAI was laying the groundwork for an initial public offering that could value…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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