According to Bloomberg, OpenAI CFO Sarah Friar said on Thursday that even after completing what she called the largest private financing round in history, OpenAI may still raise more funds as the company scrambles to acquire computing power to cope with soaring demand for AI.
OpenAI CFO Freer
Freer said in an interview with Bloomberg Television that OpenAI's recently completed $122 billion financing round gives the company "a lot of options," but she added that future financing will depend on demand, revenue growth, cash flow and the gap between the computing power the company needs and the computing power it can afford.
She also said that over time, public markets could become an attractive financing channel because they "far outscale" private markets and give companies access to more financing options.
This statement highlights the core contradiction facing OpenAI and even the entire AI boom: On the one hand, product demand is accelerating, and on the other hand, the infrastructure required to support this growth remains scarce and expensive.
Friel said that ChatGPT’s weekly active users have exceeded 900 million, and the users of its software engineering product Codex have exceeded 4 million. In a market where “computing power is still scarce in 2026,” computing power is still a “huge competitive advantage.”
"We're in a phase where demand is going up vertically," Freer said. She added that OpenAI's enterprise sales team is "struggling" with customers asking how to use AI to transform their businesses, while banks are prioritizing the company's cybersecurity model.
When asked about the strained relationship with Apple and possible legal action, Freer said OpenAI wanted to make the partnership work but declined to comment on the lawsuit.