Despite executive departures, OpenAI CFO predicts funding round closure by next week.

• Sarah Friar, CFO of OpenAI, stated that despite recent key departures, the company still possesses a "strong leadership team."
• OpenAI's current funding round, valued at $150 billion, has been oversubscribed and is set to close next week, according to sources.
• Friar wrote, "Our collective focus is on bringing AI to all while maintaining sustainable revenue models that support our operations and provide value to our investors and employees."

Despite losing top talent this week, OpenAI CFO Sarah Friar is reassuring investors that the company's artificial intelligence startup remains in a strong position and is set to close a significant funding round soon.

In an email to OpenAI's investors, Friar discussed the departure of Chief Technology Officer Mira Murati, who announced her departure on Wednesday. Later that day, Sam Altman revealed that two top research executives, Bob McGrew and Barret Zoph, were also leaving.

"Friar wrote in a letter viewed by CNBC that he wanted to personally reach out after learning about Mira's departure from OpenAI. While leadership changes can be challenging, he wanted to provide the full context."

Friar stated that the San Francisco-based company is proud of everything she has helped build and still has a talented leadership bench to compete.

OpenAI, which has partnered with Microsoft on its AI for iPhones, is currently in the process of raising $6.5 billion in funding, which is expected to value the company at approximately $150 billion, according to sources. Thrive Capital is leading the round and plans to invest $1 billion, sources say.

The funding round was oversubscribed and will close by next week, as stated in the email by the Friar. The team intends to hold a series of calls with investors to present the group to important figures from the product and research teams.

As we embark on our next chapter, we are thrilled to have you join us in our mission to make AI accessible to all while maintaining sustainable revenue streams that benefit our stakeholders.

OpenAI declined to comment on the email.

Murati's departure from the company follows six and a half years of service. She previously served as interim CEO for a brief period last year after the board of directors fired Altman. However, Altman was reinstated, and Murati resumed her role as CTO.

The company is currently facing the departure of several key executives, including co-founders John Schulman and Jan Leike who joined rival Anthropic, co-founder Ilya Sutskever who started another AI company, and founder Greg Brockman who is on a leave of absence.

Friar stated that Mark Chen will assume the position of senior vice president of research, and leaders such as Kevin Weil and Srinivas Narayanan are the "ideal individuals to drive innovation forward."

Before becoming CEO of , Friar was CFO at Square.

On Thursday, at an all-hands meeting, Altman refuted rumors of receiving a "giant equity stake" in the company, stating that they were untrue, according to a person present.

The person who asked not to be named said that both Altman and Friar raised concerns about Altman not having equity in the company he co-founded almost nine years ago during a video meeting conducted by the two.

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