OpenAI May Raise More Money as Compute Crunch Deepens, CFO Says

OpenAI Chief Financial Officer Sarah Friar said the ChatGPT maker may raise more capital even after completing what she described as the largest private fundraising round ever, as the company races to secure computing power to meet surging AI demand.

OpenAI’s recent $122 billion round has given the company “a lot of optionality,” Friar told Bloomberg TV in an interview, but added that future fundraising will depend on demand, revenue growth, cash flow and the gap between the computing power OpenAI needs and what it can afford. She also said public markets could be an attractive fundraising avenue over time because they are “significantly bigger” than private markets and could allow the company to tap a wider range of financing options.