OpenAI Chief Financial Officer Sarah Friar told Bloomberg TV the company may raise more capital after completing its recent $122B private fundraising round at an $852B valuation, with future fundraising depending on demand, revenue growth, cash flow, and the gap between the computing power OpenAI needs and what it can afford. Friar said public markets could be an attractive fundraising avenue over time since they are “significantly bigger” than private markets, calling compute a “huge competitive advantage” in a market where “there’s not a lot of compute in 2026” and describing demand as “a vertical wall.” OpenAI now has more than 900M weekly active ChatGPT users, Codex has surpassed 4M users, and the enterprise sales team is “run ragged” by customers asking how to transform their businesses with AI, with Friar declining to comment on possible legal action against Apple over the strained ChatGPT integration partnership.
