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【New Stock IPO】OpenAI Reportedly to List as Early as Q4
OpenAI is reportedly planning to go public as early as this fourth quarter. CNBC cited sources familiar with the matter, indicating that OpenAI’s IPO could be completed in the fourth quarter, though the timing may still be adjusted.
In preparation for OpenAI’s listing, CFO Sarah Friar is building the finance team. Earlier this year, she hired former Block Chief Accounting Officer Ajmere Dale and former DocuSign CFO Cynthia Gaylor. According to LinkedIn, Gaylor will be responsible for investor relations.
The report also states that Fidji Simo, CEO of OpenAI App, said at a company-wide meeting last week that the company is committed to helping enterprises and is “actively shifting” toward high-productivity use cases. She said, “Our current opportunity is to convert these 900 million users into high-performance computing users. We aim to achieve this by transforming ChatGPT into a productivity tool.”
Facing competitive pressure, OpenAI launched a “red alert” in December last year to fully improve ChatGPT. Simo said that OpenAI is pushing forward with the same urgency as in December, but the company cannot declare everything an emergency. She emphasized, “The most important thing now is to stay focused and execute our strategy excellently.”
OpenAI projects that its total revenue by 2030 will exceed $280 billion, with contributions from both consumer and enterprise businesses nearly equal.
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