OpenAI CFO Sarah Friar on IPO, AI Rivalries, New Device, and Spending $100B+ on Compute

OpenAI首席财务官莎拉·弗里亚谈IPO、AI竞争、新设备以及投入超过1000亿美元用于计算

All-In with Chamath, Jason, Sacks & Friedberg

2026-06-02

32 分钟
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(0:00) OpenAI CFO Sarah Friar joins the show! (0:31) How OpenAI thinks about its IPO timeline (3:31) OpenAI, Anthropic, Google: The AI arms race (7:43) Navigating the compute crunch and AI bottlenecks, device preview! (15:53) OpenAI's economics (26:08) Push into chips, the cloud (29:32) OpenAI's ad business and strategy Thanks to our partners for making this possible! EY - Agentic AI is introducing a new investment discipline. As AI shifts to consumption-based models, EY connects spend to enterprise value. https://www.ey.com/en_us/insights/ai/agentic-ai-token-costs?WT.mc_id=3501318&AA.tsrc=sponsorship NYSE - Thank you to our partner, the New York Stock Exchange - a modern marketplace and exchange for building the future. It all happens at the NYSE. https://www.nyse.com Plaud - Never miss a moment. Plaud, our official wearable AI note-taking partner at All-In Liquidity Summit, captured every insight. https://www.plaud.ai Follow Sarah Friar: ⁠https://x.com/thefriley⁠ Apply for Summit 2026: ⁠https://allin.com/events⁠ Follow the besties: ⁠https://x.com/chamath⁠ ⁠https://x.com/Jason⁠ ⁠https://x.com/DavidSacks⁠ ⁠https://x.com/friedberg⁠ Follow on X: ⁠https://x.com/theallinpod⁠ Follow on Instagram: ⁠https://www.instagram.com/theallinpod⁠ Follow on TikTok: ⁠https://www.tiktok.com/@theallinpod⁠ Follow on LinkedIn: ⁠https://www.linkedin.com/company/allinpod⁠ Intro Music Credit: ⁠https://rb.gy/tppkzl⁠ ⁠https://x.com/yung_spielburg
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  • OpenAI's CFO, Sarah Friar.

  • We've got to get right to it.

  • You have just completed what I regard as the most successful fundraising round in history.

  • We're going to raise actually north of $120 billion.

  • We think AI is the biggest era that we've seen to date.

  • We're just starting to understand what it's going to mean for global productivity.

  • And with that, you know, hopefully more affluence, better lives for everyone.

  • Luck is whatever the preparation meets opportunity, but you've got to grab it.

  • Long time listener, first time caller.

  • Quite exciting to get to hang out with all the bros here.

  • Hello.

  • We weren't sure how to start this off,

  • but I thought the best thing was to allow our erstwhile crypto czar to maybe save comments.

  • I saw an article today, I think it might have been in the Wall Street Journal,

  • that the perception is that there's an advantage to IPO-ing earlier if you're an AI company.

  • So now we know SpaceX is going.

  • And then the question is, when are OpenAI and Anthropic going to go?

  • And I'm curious, how do you think about that?

  • Do you think there is a little bit of a race on?

  • Or you haven't made a decision about that yet?