OpenAI CFO Sarah Friar: IPO, AI Rivalries, New Device, and Spending $100B+ on Compute

(0:00) OpenAI CFO Sarah Friar joins the show!
(0:31) How OpenAI thinks about its IPO timeline
(3:31) OpenAI, Anthropic, Google: The AI arms race
(7:43) Navigating the compute crunch and AI bottlenecks, device preview!
(15:53) OpenAI's economics
(26:08) Push into chips, the cloud
(29:32) OpenAI's ad business and strategy
Thanks to our partners for making this possible!
EY - Agentic AI is introducing a new investment discipline. As AI shifts to consumption-based models, EY connects spend to enterprise value.
ey.com/en_us/insights/ai/agentic-ai-token-cost…
NYSE - Thank you to our partner, the New York Stock Exchange - a modern marketplace and exchange for building the future. It all happens at the NYSE.
nyse.com
Plaud - Never miss a moment. Plaud, our official wearable AI note-taking partner at All-In Liquidity Summit, captured every insight.
plaud.ai
Follow Sarah Friar: ⁠x.com/thefriley⁠
Apply for Summit 2026: ⁠allin.com/events⁠
Follow the besties: ⁠x.com/chamath⁠ ⁠x.com/Jason⁠ ⁠x.com/DavidSacks⁠ ⁠x.com/friedberg⁠
Follow on X: ⁠x.com/theallinpod⁠
Follow on Instagram: ⁠instagram.com/theallinpod⁠
Follow on TikTok: ⁠tiktok.com/@theallinpod⁠
Follow on LinkedIn: ⁠linkedin.com/company/allinpod⁠
Intro Music Credit: ⁠rb.gy/tppkzl⁠ ⁠x.com/yung_spielburg