OpenAI is not working on an IPO yet: CFO

OpenAI Chief Financial Officer Sarah Friar said an initial public offering is not in the startup’s near-term plans, speaking at the WSJ’s Tech Live conference on Wednesday.

“IPO is not on the cards right now,” Friar said. “We are continuing to get the company into a state of constantly stepping up into the scale we are at, so I don’t want to get wrapped around an IPO axle.”

OpenAI did not immediately respond to a Reuters request for comment.