OpenAI is not preparing for a public debut due to its significant financial needs, preferring to avoid the scrutiny of trading publicly. However, the company is actively seeking public support as it positions itself as a vital national asset in the U.S. During a recent Wall Street Journal event, CFO Sarah Friar implied that OpenAI would appreciate government loan guarantees. This sparked backlash, prompting both her and CEO Sam Altman to clarify that they are not asking for a bailout. Altman faced criticism for his defensive reaction during a podcast when questioned about OpenAI’s ambitious financial commitments versus its revenue. This incident highlights growing concerns about AI companies’ financial sustainability amidst significant spending. Although OpenAI aims for growth and not an IPO, it continues to seek public assurances from taxpayers. Such discussions underscore the ongoing debate surrounding the financial viability of AI firms. For the latest on technology and finance, follow Yahoo Finance.
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