OpenAI CFO Sarah Friar, who joined the company in June 2024, is discussing corporate developments in a CNBC interview. Her recent public appearances address fundraising, infrastructure projects like Stargate, and the company's path toward a public listing.
In March 2026, OpenAI closed a funding round of $122 billion, bringing its post-money valuation to $852 billion. Amazon led the investment with $50 billion, while Nvidia and SoftBank contributed $30 billion each.
The company filed for a confidential US IPO in June 2026. Currently, OpenAI is shifting its revenue model to balance consumer and enterprise clients. This follows a period of growth for the firm, which previously saw Friar serve as CEO of Nextdoor and CFO of Square.
At the DevDay conference on September 29, 2026, OpenAI announced over 20 updates. These include new models from the GPT-6 series, improved API capabilities, and additional developer tools designed to support the company's infrastructure.
