OpenAI CFO to employees: Don’t worry about Anthropic going public
The CFO of OpenAI recently announced that a public offering is anticipated by 2027, emphasizing that this IPO represents a significant fundraising achievement rather than a final destination. She responded to worries regarding competitor Anthropic, which may go public sooner. OpenAI has shown impressive revenue growth and user engagement, though recent departures of key executives have raised…
OpenAI CFO Sarah Friar reassured employees not to worry about Anthropic going public ahead of OpenAI. Speaking at a recent all-hands meeting, Friar stated that OpenAI will become a public company in 2027, although it could happen sooner if business momentum continues. She emphasized that the IPO is not the end goal but a milestone in the company's fundraising journey, noting that OpenAI raised $122 billion in March.
Addressing concerns about Anthropic, which has also filed for an IPO, Friar clarified that their confidential filings are separate and that there's a real chance Anthropic could file and debut before OpenAI, potentially as early as September. She added that this is not a concern for OpenAI, as the company is focused on running its own race.
OpenAI's financial performance has been strong, with revenue run rate up 35% quarter to date, enterprise revenue up 50%, and 20 million weekly active users. Meanwhile, Anthropic reported a sevenfold increase in annualized revenue run rate to $65 billion and a preliminary second-quarter revenue of $11.5 billion. Executive turnover at OpenAI has raised concerns among backers, with recent departures including revenue chief Denise Dresser and product and business chief Fidji Simo.
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