Gate News reports that on April 6, OpenAI CEO Sam Altman privately stated that he hopes the company can complete an IPO as early as the fourth quarter. However, CFO Sarah Friar told several colleagues that the company is not yet ready to go public in 2026, citing factors such as the required processes and organizational workload, as well as financial risks from large-scale commitments to high-performance computing hardware. At the management level, Altman has repeatedly excluded Friar from financial decision-making. In recent months, he did not invite Friar to participate in discussions with a top investor about server procurement, and an attendee described her absence as "noticeable and awkward," whereas she had been involved in previous meetings on the same topic. Since August last year, Friar no longer reports directly to Altman but instead reports to the head of application business, Fidji Simo, breaking the typical pattern of CFOs in large companies reporting directly to the CEO. Financially, OpenAI has committed to investing over $600 billion in cloud servers over the next five years, with internal forecasts predicting that more than $200 billion in cash will be consumed before achieving positive cash flow. The $122 billion funding commitment announced this week mainly comes from Amazon and NVIDIA, which are also OpenAI’s cloud server and chip suppliers, creating a cycle of capital arrangements. Market-wise, Anthropic has surpassed OpenAI to become the preferred AI model provider for enterprises and developers, and OpenAI’s revenue growth is also slowing down.