OpenAI CFO Sarah Friar: May Raise More Capital After $122B Round, Cites 'Vertical Wall of Demand' for Compute

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OpenAI CFO Sarah Friar announced the company may raise additional capital just six weeks after closing its record $122B round (Amazon $50B, Nvidia $30B, SoftBank $30B) at an $852B valuation. The stated reason is a 'vertical wall of demand' combined with limited compute availability in 2026. An S-1 filing is reportedly being considered for Q4 2026 with listing in early 2027.