OpenAI's Upcoming IPO and Data Policy Change
OpenAI plans to go public by 2027, with an IPO seen as a milestone rather than a finish line.
From Open source is going to win it all: Harvey proves it | E2328 · Aug 21, 2026
Key points
- OpenAI plans to go public by 2027, possibly even sooner.
- CFO Sarah Frier frames the IPO as a milestone and another fundraising opportunity.
- OpenAI raised $1 billion in cash in March, giving them flexibility.
- OpenAI is in a tight race for users and attention with rival Anthropic.
- OpenAI pledges not to retain data from businesses using its models.
What they discussed
The discussion begins with the news that OpenAI, an AI lab, plans to go public by 2027, or even sooner. CFO Sarah Frier has communicated this plan to the company, emphasizing that the IPO is not the end goal but a significant milestone that represents another fundraising opportunity.,OpenAI's financial flexibility is highlighted by their recent raise of $1 billion in cash back in March. This funding round positions them well as they compete for users and attention in the AI space, particularly against their rival, Anthropic.,In a strategic move to gain an edge over their competitors, OpenAI has announced a new policy where they will not retain data from businesses that utilize their models. This policy change is seen as a significant step in their ongoing competition within the industry.
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briefcase and the hat. >> They're just they're literally going to the shoe repair shop and the guy's like, "Oh yeah, give me give me the shoes. I got your other pair here. I put I put the uh steel on them this time. They're not going to wear out. >> They're dumping the dirt on the carpet and vacuuming it up, you know. >> Yeah. Putting the foot in. >> Yeah. >> Might I interest you? All right. We got some news on the docket. There was a Harvey story and then here we go with the IPOs again, but >> uh those are the two I wanted to cover. >> All right. Yeah. Well, uh let's start with uh Open AI. They apparently uh were now told uh they're going to be a public company by 2027 or even sooner. In an all hands on Wednesday, CFO Sarah Frier told Stanford the AI lab plans to go public next year, maybe even this year. Here's I thought her framing was really interesting. She frames it as the IPO is not a finish line. It is a milestone. It's another fund raise. She also noticed that the noted that the company has flexibility as they raised 1222 billion in cash back in March. Uh open API OpenAI confidentially filed their prospectus in June, but they're in a tight race for users and attention with rivals Anthropic. The latest volley. Open AAI now pledges not to retain data, Jason, from businesses that are using its models. Here's the quote.