OpenAI CFO Says GPU Strain Persists Despite Revenue Growth And Infrastructure Expansions

Benzinga

OpenAI finance chief Sarah Friar said Wednesday that the company continues to face heavy pressure from AI compute demands. Friar told CNBC that OpenAI is facing relentless GPU and compute shortages, driving its launch of Stargate and larger infrastructure builds. She said OpenAI is expanding partnerships with Oracle and CoreWeave to meet compute demands while maintaining strong ties with Microsoft. OpenAI has rapidly expanded since ChatGPT’s 2022 launch, reaching $10 billion in annual recurring revenue and projecting $12.7 billion this year. CEO Sam Altman said the company expects to spend trillions on data centers to meet rising demand.

Transcript

00:00It's Benzinga bringing Wall Street to Main Street.

00:02OpenAI Finance Chief Sarah Fryer said Wednesday that the company continues to face heavy pressure

00:07from AI compute demands. Fryer told CNBC that OpenAI is facing relentless GPU and compute

00:15shortages, driving its launch of Stargate and larger infrastructure builds. She said OpenAI

00:20is expanding partnerships with Oracle and CoreWeave to meet compute demands while maintaining strong

00:26ties with Microsoft. OpenAI has rapidly expanded since ChatGPT's 2022 launch, reaching $10 billion

00:34in annual recurring revenue and projecting $12.7 billion this year. CEO Sam Altman said the

00:41company expects to spend trillions on data centers to meet rising demand. For all things money,

00:47visit Benzinga.com.

Category

Transcript

Comments

Recommended