OpenAI 'will be a public company in 2027' or sooner, CFO Friar tells employees

Sarah Friar, CFO of OpenAI, appears on CNBC's Squawk Box on Aug. 20, 2025.CNBCOpenAI CFO Sarah Friar told employees during an all-hands meeting on Wednesday that the artificial intelligence lab "will be a public company in 2027," but that it could make its public market debut sooner if "our business continues to inflect.""The IPO is not a finish line, it is a milestone, another fundraise," Friar told employees, according to two sources familiar with her comments who asked to remain anonymous because they were not authorized to speak publicly. "We raised $122 billion in March, and that gives us flexibility."This is breaking news. Please refresh for updates.