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Story summary
- OpenAI Chief Financial Officer Sarah Friar says OpenAI is not ready for an initial public offering (IPO) in 2026 due to required work.
- She flags financial risks from aggressive spending, including $600 billion for cloud server capacity.
- Friar estimates cash burn could exceed $200 billion before OpenAI reaches positive cash flow.
- Friar has been excluded from financial discussions and now reports to Fidji Simo instead of Sam Altman, OpenAI CEO.
