In an interview with Bloomberg TV, Friar said OpenAI may do so because of the need for compute. She said the company is seeing “a vertical wall of demand,” but there is “not a lot of compute in 2026,” so the company is looking into how to get the compute it will need.
“It will depend somewhat on matching the demand that we’re seeing, the revenue that we’ll create, and hence the cash flows, and then that gap to wanting to buy compute out into future years,” Friar said. “So, I’m not averse to raising more capital, although right now that $122 billion gives us a lot of optionality, and I think derisks a lot of what we need to go do in the market at the moment.”
Asked about reports that OpenAI had not met some of the stretch goals it had set for itself in terms of customer acquisition, Friar said that on the consumer side, the company is “delighted with how the consumer platform is going,” and that on the enterprise side, “our sales team has just run ragged at the moment” due to companies wanting to transform their businesses.
“We just see our business going from strength to strength right now,” Friar said.
Addressing reports that OpenAI’s partnership with Apple has frayed to the point that OpenAI is considering a lawsuit, Friar said she cannot comment on legal action.
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“Right now, in terms of our relationship with Apple, it’s like every other large distribution partner for consumers: We want to make it work, and we know that consumers want our technology,” Friar said. “So, we think that there’s a way.”
Friar also mentioned that AI models are in limited release because they can find vulnerabilities in software code at an unprecedented level.
“I’ve been spending a bunch of time with banks and financial institutions; I have not talked to a single CEO of a bank that does not have this as their top priority currently,” Friar said.
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