Sarah Friar, OpenAI’s CFO, said that an IPO is “not on the cards” currently, and that the company is prioritizing growth and R&D over immediate profitability, The Wall Street Journal’s Berber Jin reports. Friar, speaking at The Wall Street Journal’s Tech Live conference, said “We are continuing to get the company into a state of constantly stepping up into the scale we are at, so I don’t want to get wrapped around an IPO axle.” OpenAI could achieve profitability quickly by reducing aggressive investments, due to “very healthy” gross margins, Friar said.
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