OpenAI CFO tells investors funding round should close by next week despite executive departures

Published On Sep 26, 2024, 11:28 PM

OpenAI's CFO, Sarah Friar, reassured investors that despite recent executive departures, the company remains strong and is on track to finalize a $6.5 billion funding round, valuing it at approximately $150 billion. The funding round is described as oversubscribed, and Friar emphasized the organization's commitment to building sustainable revenue models to benefit its workforce and investors. This comes amid notable departures of key personnel, including CTO Mira Murati and two other top executives, which Friar acknowledged while expressing confidence in the remaining leadership team.