Sarah Friar

“OpenAI is preparing to enter advertising — With specific consumer protections baked in. Her ad commitments: sponsored results stay subordinate to model output, an ad-free tier persists, and ads reach the free tier.”

“OpenAI already holds at least 11 percent of the search market, and that figure undercounts it, since one long conversation counts as a single query.”

“OpenAI is working with Goldman Sachs and Morgan Stanley on a listing that could come as soon as this fall.”

“...CEO Sam Altman and CFO Sarah Friar disagreed over the IPO timeline.”

“I thought she should be CEO of OpenAI. That's what I thought. I think Sam should be chair.”

“I'm very grateful that I got to work alongside Greg and Sam. I think we're prescient on this. And last year, we were definitely taking some arrows in the back about why are they out there buying all this compute? And I think, thank God we did.”

“OpenAI CFO Sarah Friar on IPO, AI Rivalries, New Device, and Spending $100B+ on Compute”

“You framed a very simple economic trade-off, which was gigawatts to cash. And I think you said, one gigawatt is roughly equivalent to about $10 billion a year of revenue to OpenAI. But it's not just you, because you can probably extrapolate that to Anthropic and other folks, Gemini.”

“The mechanism that allows a $122B raise to stretch further than face value suggests.”

“NVIDIA remains our absolute priority partner. They have the frontier chip. Our next big trading run in the fall will be done on Bear Rubens. We're really excited about that. And now we're plotting kind of the Feynman series that's coming.”

“Cerebris is already online. It's been an incredible low-latency chip. Great for devs, for example, that want real-time coding.”

“Thermo Fisher wants to be able to get patient screening done faster so they get FDA approval faster. That's really important. Like, if you have a form of cancer where you have weeks to live, the difference between a breakthrough in four weeks and two weeks can literally be life or death.”