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OpenAI said it plans to continue investing in artificial intelligence data center infrastructure despite recent election results involving local development measures.
Chief Financial Officer Sarah Friar said Friday that the outcomes had not significantly changed the company’s plans. Speaking at an industry conference in Pebble Beach, California, Friar said customer demand required continued fundraising and partnerships with large cloud-computing providers.
Friar also said OpenAI was negotiating a funding round at a $1.25 billion pre-money valuation. The company said it released a policy blueprint and operating commitments Thursday concerning future facilities it owns and operates.
OpenAI had submitted a confidential prospectus to the U.S. Securities and Exchange Commission in June while considering a possible public listing in 2027, according to the company’s plans described at the event.
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