OpenAI CFO Sarah Friar stated at a conference that current market concerns about an AI industry bubble are exaggerated. She emphasized that what's truly lacking is excitement and investment in AI's long-term potential, asserting that "AI deserves more enthusiasm" and calling for accelerated infrastructure development.

Friar dismissed criticism of OpenAI's "circular" financing structure, clarifying that large-scale partnerships with NVIDIA (NVDA.US) and Advanced Micro Devices (AMD.US) aim to expand global computing power supply chains rather than being capital maneuvers. NVIDIA has committed up to $100 billion in investment to OpenAI, which in turn will purchase millions of NVIDIA chips for data center expansion.

The CFO revealed OpenAI is exploring diversified funding channels including banks and private equity, hinting at potential U.S. government guarantees, though a company spokesperson later clarified no concrete plans exist. Regarding IPO speculation, Friar explicitly stated OpenAI isn't preparing for public listing, with "IPO not on the current agenda," despite market expectations that the company will need substantial capital market funding in coming years to support its $1.4 trillion AI infrastructure investment plan.