PANews reported on November 6th, citing the Wall Street Journal, that OpenAI's CFO stated that OpenAI is not yet ready for an IPO. With a "very healthy" gross margin, OpenAI is on track to break even, and it hopes the federal government will support its data center investments. The market should have more confidence in the potential of artificial intelligence. OpenAI CFO Sarah Friar stated that the market is overly concerned and focused on a potential bubble in the artificial intelligence field, and should show more "enthusiasm" for the technology's potential. Friar said, "When I think about the actual impact of AI and its impact on individuals, I think people aren't enthusiastic enough about AI. We should keep working on it." To support the construction of its AI data centers, OpenAI entered into a series of major deals with Nvidia and AMD, which have been criticized as "circular financing arrangements," but Friar denied this circularity, stating, "What we're doing right now is building the complete infrastructure to get more computing into the world. I don't think it's circular at all. A lot of work last year was diversifying the supply chain."PANews reported on November 6th, citing the Wall Street Journal, that OpenAI's CFO stated that OpenAI is not yet ready for an IPO. With a "very healthy" gross margin, OpenAI is on track to break even, and it hopes the federal government will support its data center investments. The market should have more confidence in the potential of artificial intelligence. OpenAI CFO Sarah Friar stated that the market is overly concerned and focused on a potential bubble in the artificial intelligence field, and should show more "enthusiasm" for the technology's potential. Friar said, "When I think about the actual impact of AI and its impact on individuals, I think people aren't enthusiastic enough about AI. We should keep working on it." To support the construction of its AI data centers, OpenAI entered into a series of major deals with Nvidia and AMD, which have been criticized as "circular financing arrangements," but Friar denied this circularity, stating, "What we're doing right now is building the complete infrastructure to get more computing into the world. I don't think it's circular at all. A lot of work last year was diversifying the supply chain."
OpenAI CFO: OpenAI is not yet ready for an IPO.
PANews reported on November 6th, citing the Wall Street Journal, that OpenAI's CFO stated that OpenAI is not yet ready for an IPO. With a "very healthy" gross margin, OpenAI is on track to break even, and it hopes the federal government will support its data center investments. The market should have more confidence in the potential of artificial intelligence.
OpenAI CFO Sarah Friar stated that the market is overly concerned and focused on a potential bubble in the artificial intelligence field, and should show more "enthusiasm" for the technology's potential. Friar said, "When I think about the actual impact of AI and its impact on individuals, I think people aren't enthusiastic enough about AI. We should keep working on it." To support the construction of its AI data centers, OpenAI entered into a series of major deals with Nvidia and AMD, which have been criticized as "circular financing arrangements," but Friar denied this circularity, stating, "What we're doing right now is building the complete infrastructure to get more computing into the world. I don't think it's circular at all. A lot of work last year was diversifying the supply chain."
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