OpenAI CFO: There is no plan for an IPO at this time, and the market should not overly worry about an AI bubble.

OpenAI's CFO Sarah Friar stated in a recent interview that the concerns about an AI bubble are excessive, which in turn overlooks the significant practical benefits this technology can bring. She emphasized that the market should have more confidence in AI rather than falling into panic. Regarding rumors that OpenAI is planning an IPO soon, Friar stated that it is not currently in the plans.

The market is too calm, please do not underestimate the actual impact of AI.

Friar pointed out that the market's current attitude towards AI is overly cautious, focusing too much on discussions like “is there a bubble?” instead of recognizing the actual potential of the technology. She stated bluntly:

I think everyone lacks confidence in AI. If you really understood the practical changes this technology can bring, I would say we should be bolder and more proactive in moving forward.

A massive investment of 1.4 trillion dollars, creating a huge computing power supply infrastructure.

In recent months, there has been a growing alarm from the outside world regarding the soaring valuations of AI companies, as tech giants are frantically pouring money into building data centers and purchasing chips. OpenAI alone has committed to investing over $1.4 trillion in AI infrastructure, yet it remains unprofitable.

Friar responded to external criticism by stating that such investments are not a waste, but rather to establish a strong foundation that allows the world to “gain more computing power.”

In response to questions about the circulation of funds, Friar: for the continuous expansion of computing power.

There has been external skepticism about NVIDIA's investment of up to 100 billion dollars into OpenAI to help build data centers, while OpenAI in turn uses this money to purchase NVIDIA chips, creating a “funding cycle” that raises concerns.

In response, Friar directly countered: “I completely disagree with such a statement.” She emphasized that this is the entire industry expanding its computing infrastructure and stated:

Our goal is to create more computing power; this is not a cycle, but an expansion.

Friar also mentioned that over the past year, OpenAI has invested a significant amount of effort to promote supply chain diversification, no longer overly relying on a single chip supplier.

Seeking assistance from banks and private equity funds, suggesting that the government may intervene in the future.

In addition to collaborating with major chip manufacturers, Friar also revealed that OpenAI is actively seeking more sources of funding, including banks and private equity funds, hoping to establish a more complete financing ecosystem. She further mentioned that the U.S. government may play a “guarantee” role in the future to assist large financing plans, but did not provide further details.

An OpenAI spokesperson later added that Friar's remarks were aimed at the entire AI industry and that the company currently has no specific plans to seek government guarantees.

OpenAI is currently focused on building the foundation, and an IPO is not in the plans at this time.

Recently, there has been widespread speculation that OpenAI plans to go public in the coming years to raise more funds. However, Friar clarified that OpenAI is not currently undertaking any IPO actions. She stated clearly:

“We are not currently preparing to IPO; this matter is not in our plans at the moment.”

(OpenAI is set to go public with a valuation of one trillion dollars, making it the largest IPO in history)

This article, OpenAI CFO: No IPO on the horizon, market shouldn't overly worry about AI bubble, first appeared in Chain News ABMedia.