FYI - For Your Innovation OpenAI CFO Sarah Friar
53 snips
Dec 12, 2024 
Sarah Friar, CFO of OpenAI and former CFO of Salesforce and Square, shares her insights on the evolving landscape of AI. She discusses AI as a transformative platform, likening it to the breakthrough of cloud computing. Sarah addresses OpenAI's impressive $150 billion valuation, pricing strategies, and the importance of capital allocation in AI innovation. She also explores the economic implications of AI productivity and the ongoing global competition in the tech sector, emphasizing a thoughtful approach to advancing artificial general intelligence.
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Shared History
- Sarah Friar and Cathie Wood have a long history of shared interest in disruptive tech.
- Wood invested in every company Friar worked at, seeing her presence as a signal of innovation.
Platform Shift
- Sarah Friar believes AI is a real technological advancement, not hype, comparing it to the cloud computing shift.
- She argues AI is a platform shift, citing early internet adoption as a comparable example.
Gross Margin Focus
- OpenAI prioritizes gross margin over revenue, similar to Square's early focus, due to high AI serving costs.
- Friar emphasizes cost reductions through Moore's Law, compute efficiency, and strategic pricing for ubiquity.