OpenAI CFO Sarah Friar
Voters backed restrictions or rejected measures supporting development in 40 of 41 local ballot measures across 10 states, according to a Ballotpedia analysis and additional results gathered by CNBC. Friar also said OpenAI would continue exploring a potential stock market debut in 2027. ChatGPT-maker OpenAI has announced that it will keep investing in AI data centres. Sarah Friar, the company’s CFO, has confirmed that voter opposition during the US midterm elections had not dramatically changed its infrastructure plans.
“If the midterm means more focus on data centers and communities, we’re going to keep doing the work to get into those communities and to build trust with them,” Friar said. Friar said meeting that demand remained central to its plans after the elections. The company confidentially filed its prospectus with the Securities and Exchange Commission in June, according to the report.
Last week, speaking to CNBC at the Citi TMT Leadership Summit in Pebble Beach, California, Friar linked continued spending to customer demand. Her comments outlined OpenAI’s response to the election results: continued investment and fundraising, alongside efforts to address concerns in communities affected by data centre development. OpenAI relies on data centres to train its AI models and run services for customers. Hyperscalers are large cloud computing providers that supply computing capacity and infrastructure to companies such as OpenAI.