Fidji Simo<\/a>, OpenAI’s CEO of Applications, held an all-hands meeting with staffers last week and said the company is committed to helping businesses, and is “orienting aggressively” towards high-productivity use cases. <\/p>\n OpenAI kickstarted the generative AI boom with the launch of ChatGPT<\/a> in 2022, and the chatbot now supports more than 900 million<\/a> weekly active users. But the company is still racing to grab market share, particularly in the enterprise, away from rivals like Google<\/a> and Anthropic<\/a>, which is also weighing an IPO. <\/p>\n “Our opportunity now is to take those 900 million users and turn them into high-compute users,” Simo said, according to a partial transcript of the meeting reviewed by CNBC. “We’ll do that by transforming ChatGPT into a productivity tool.” <\/p>\n The Wall Street Journal<\/a> was first to report the all-hands meeting. <\/p>\n OpenAI’s IPO could land as soon as the fourth quarter of this year, according to a person familiar with the matter. The exact timing is still subject to change, said the person, who asked not to be named because the details are confidential. <\/p>\n CFO Sarah Friar is building out OpenAI’s finance team ahead of a market debut, hiring Ajmere Dale, the former chief accounting officer at Block,<\/a> and Cynthia Gaylor, the former CFO of DocuSign<\/a>, earlier this year. Gaylor will oversee investor relations as part of her role, according to a LinkedIn post<\/a>. <\/p>\n In December, OpenAI declared a “code red” effort<\/a> to improve ChatGPT in the face of increasingly stiff competition from Google and Anthropic. The company temporarily pulled back on other investments in areas like health, shopping and advertising. <\/p>\n Simo said during the March all-hands meeting that OpenAI is moving with the same amount of urgency that it did in December, but noted that the company can’t declare everything an emergency.<\/p>\n “What really matters for us right now is staying focused and executing extremely well,” Simo said.<\/p>\n OpenAI has also been working to outline clearer spending targets<\/a> after rattling markets<\/a> with ambitious infrastructure commitments in late 2025. <\/p>\n Instead of the $1.4 trillion figure that OpenAI CEO Sam Altman<\/a> had been touting, the company told investors in February that it’s targeting roughly $600 billion<\/a> in total compute spend by 2030, CNBC previously reported. <\/p>\n OpenAI is projecting that its total revenue for 2030 will be more than $280 billion, with nearly equal contributions from its consumer and enterprise businesses. The $600 billion figure the company is offering is meant to more directly tie to its expected revenue growth.<\/p>\n WATCH:<\/strong> OpenAI renews focus on enterprise in all-hands meeting amid IPO push<\/a><\/p>\n
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