At the Goldman Sachs tech conference in San Francisco, OpenAI CFO Sarah Friar delivered a packed and highly anticipated presentation, offering rare financial and operational insights into the AI startup’s rapid growth. The session drew a standing-room-only crowd, with attendees spilling into an overflow room—many seated on the floor to catch every word. Friar revealed that OpenAI is now valued at $500 billion, with the company raising billions in funding as investor demand remains intense. Employee stock sales have also reached significant levels, underscoring strong confidence in the company’s future. OpenAI’s business is roughly split 70% consumer and 30% enterprise. The consumer side is powered by ChatGPT, which now reaches about 700 million weekly average users. Over 4 million developers have built applications on the OpenAI platform, and the company has secured around 5 million paid seats through its business products. Revenue is projected to hit $13 billion this year—four times the 2024 total. To generate that revenue, OpenAI spent approximately $2.6 billion on computing resources, a figure Friar said reflects the company’s confidence in long-term returns. “That tells me to keep spending,” she said, highlighting the scalability and recurring nature of its revenue. A key driver of growth is the new model picker feature in GPT-5, which directs users to the most appropriate AI model for their tasks. This has significantly increased usage of reasoning capabilities. While reasoning workloads made up about 2% of usage before, they now account for 7% across the platform. Among enterprise customers, reasoning now makes up roughly 50% of total workloads. Inference costs have dropped dramatically. The cost per token for GPT-4 was around $33, but the new GPT-5 nano model now costs just 9 cents per token. Friar described the trend as “Moore’s Law on steroids,” underscoring rapid efficiency gains in AI computation. OpenAI now holds about 12% of the search market, up from 6% at the start of 2025. Friar noted that the overall search market is expanding as users increasingly turn to conversational AI interfaces. She also suggested that OpenAI’s actual market share may be higher than reported, due to undercounting in current metrics. Geographically, ChatGPT usage has shifted dramatically. Three months ago, 15% of users were in the U.S., with 85% from the rest of the world. Today, that’s flipped to 10% U.S. and 90% international—highlighting explosive global adoption. Inside the company, OpenAI’s finance team is just 18% the size of comparable teams at similar-sized firms, thanks to heavy use of AI tools like coding agents. The CFO said these tools are streamlining workflows and boosting productivity across departments. The event underscored OpenAI’s transformation from a research lab into a high-growth, revenue-driven tech giant with deep global reach and accelerating innovation.