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

0:00Open AI to CFO, Sarah Fryer.

0:02We've got to get right to it.

0:03You have just completed what I regard as the most successful fundraising round in history.

0:10We're going to raise actually north of $120 billion.

0:13We think AI is the biggest era that we've seen to date.

0:17We're just starting to understand what it's going to mean for global productivity and with that, you know, hopefully more affluence, better lives for everyone.

0:25Luck is whatever the preparation meets opportunity, but you got to grab it.

0:31Long time listener, first time caller.

0:34Quite exciting to get to hang out with all the bros here.

0:38Hello.

0:39We weren't sure how to start this off, but I thought the best thing was to allow our erstwhile crypto czar to maybe save Thomas.

0:47I saw an article today, I think it might have been in the Wall Street Journal, that the perception is that there's an advantage to IPOing earlier if you're an AI company.

0:57So now we know SpaceX is going.