Post by : Mara Rahim
OpenAI’s Chief Financial Officer, Sarah Friar, stated on Wednesday in Riyadh that the company’s recent deal with Microsoft will make it easier to raise capital and continue its growth. The new agreement, announced earlier this week, strengthens the long-standing partnership between the two companies, allowing OpenAI to expand its financial flexibility while maintaining operational independence.
Friar explained that the Microsoft partnership helps OpenAI streamline its fundraising efforts, making them “less complex” than before. This means the company can now focus more on research, innovation, and global expansion instead of spending excessive time on complicated financial processes. The simplified structure also reassures investors about OpenAI’s stability and long-term financial sustainability.
During her remarks, Friar emphasized OpenAI’s intention to collaborate with governments around the world to responsibly deploy artificial intelligence technology. She said the company is committed to ensuring that AI benefits societies globally while maintaining ethical standards and transparency in its operations.
Friar also highlighted that OpenAI’s work, particularly its partnerships and global outreach, could enhance the United States’ soft power. By working with international governments and organizations, OpenAI aims to promote innovation, education, and cooperation, positioning the U.S. as a leader in ethical and inclusive AI development.
The CFO reaffirmed that OpenAI’s mission remains centered on creating artificial intelligence that benefits all of humanity. With continued support from Microsoft and a growing global presence, the company seeks to balance technological progress with accountability, ensuring AI’s positive impact across industries and borders.
Friar’s statements come at a time when OpenAI continues to expand rapidly, introducing new tools and models while addressing public concerns about AI safety. The Microsoft deal, she added, not only strengthens OpenAI’s financial position but also enables broader cooperation with policymakers to build a safer and more connected digital future.
Kazakhstan Boosts Oil Supply as US Winter Storm Disrupts Production
Oil prices inch down as Kazakhstan's oilfield ramps up production, countered by severe disruptions f
Return of Officer's Remains in Gaza May Open Rafah Crossing
Israel confirms Ran Gvili's remains identification, paving the way for the Rafah border crossing's p
Border 2 Achieves ₹250 Crore Globally in Just 4 Days: Sunny Deol Shines
Sunny Deol's Border 2 crosses ₹250 crore in 4 days, marking a significant breakthrough in global box
Delay in Jana Nayagan Release as Madras HC Bars Censorship Clearance
The Madras High Court halts the approval of Jana Nayagan's censor certificate, postponing its releas
Tragedy Strikes as MV Trisha Kerstin 3 Accident Leaves 316 Rescued
The MV Trisha Kerstin 3 met an unfortunate fate near Jolo, with 316 passengers rescued. The governme
Aryna Sabalenka Advances to Semi-Finals, Targeting Another Grand Slam Title
Top seed Aryna Sabalenka triumphed over Jovic and now faces Gauff or Svitolina in the semi-finals as