OpenAI's CFO Says Midterm Elections Won't Impact IPO Plans

Huo Xing Cai Jing reports that, according to CNBC, OpenAI’s Chief Financial Officer, Sarah Friar, said in an interview on the 6th that despite the 2026 U.S. midterm elections altering the political landscape in Congress, the company’s IPO plans remain unaffected. Friar stated that the team’s role is to navigate all scenarios and that she does not believe anything has significantly impacted the company. She reaffirmed OpenAI’s goal to go public next year, revealing that OpenAI will not halt investments in large-scale data centers and is seeking to reframe these facilities as “compute campuses” to meet customer demand and continue raising capital. Friar also noted that OpenAI is currently performing well, with third-quarter revenue up 70% and enterprise sales doubling. She expressed enthusiasm for OpenAI’s upcoming IPO, believing it aligns with the mission of making artificial intelligence accessible to everyone, asking, “Why should only institutions benefit from these gains?”