OpenAI plans to reserve a portion of shares for individual investors in what’s expected to be a blockbuster initial public offering.
Chief Financial Officer Sarah Friar told CNBC that the San Francisco-based artificial intelligence giant started testing the waters with retail in its latest funding round and saw “really strong demand” from individuals.
OpenAI will “for sure” hold a slice for retail when it goes public, Friar told CNBC on Wednesday.
“AI needs to garner trust in everything that we do. That is part of why retail particularly speaks to me,” Friar said. “It has to be that everyone partakes, that it isn’t just that a very small group, and everyone else gets left behind.”
She pointed to her time as CFO of Square, now known as Block
