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Sarah Friar

Sarah Friar

Chief Financial Officer, OpenAI

Appears in 1 story

Stories

OpenAI halves its data center ambitions as Wall Street pushes for IPO discipline

Money Moves

Overseeing IPO preparation and financial restructuring

Four months ago, Sam Altman told the world OpenAI had $1.4 trillion in data center commitments. Now the company is telling investors the real number is $600 billion — and that it would rather rent computing power than build its own facilities. The retreat, disclosed to investors in February 2026 and detailed publicly on March 22, marks the sharpest pivot in the short history of the artificial intelligence spending boom.

Updated Yesterday