OpenAI logged its first $1 billion month but is still 'constantly under compute,' CFO says

watch now8:1908:19OpenAI CFO Sarah Friar: Biggest issue we face is being 'constantly under compute'Squawk BoxOpenAI finance chief Sarah Friar said Wednesday that even with the company hitting revenue milestones, it faces pressures from artificial intelligence compute demands."It is voracious right now for GPUs and for compute," she told CNBC's "Squawk Box" on Wednesday. "The biggest thing we face is being constantly under compute

That's why we launched Stargate

That's why we're doing the bigger builds."Friar said those growing compute demands call for more to diversify risk and increase supply, noting builds with Oracle and Coreweave, but said Microsoft is still very involved."Microsoft will be an important partner for years to come, and I think we are very intertwined because of our IP," Firiar said. "Remember, Microsoft AI ducts are built on OpenAI nology."OpenAI has ballooned in size since the launch of ChatGPT in late 2022

This year, the company is expected to triple revenue to $12.7 billion, people familiar with the matter said in March

The company said it recently reached $10 billion in annual recurring revenue

Friar said Wednesday that OpenAI hit its first $1 billion revenue month in July.Read more CNBC newsSilicon Valley's AI deals are creating zombie startups: 'You hollowed out the organization'OpenAI launches cheapest ChatGPT plan at $4.6, starting in IndiaAnalysts downplay AI bubble worries as Altman says some investors will be left 'very burnt'Intel is getting a $2 billion investment from SoftBankThat growth doesn't seem to be stopping.CEO Sam Altman said last week that the company expects to spend trillions on datacenters to meet demand."Our bet is, our demand is going to keep growing, our training needs are going to keep going, and we will spend maybe more aggressively than any company who's ever spent on anything ahead of gress," he said.Earlier this month, CNBC confirmed that the company was in talks to sell $6 billion in stock at a a roughly $500 billion valuation

The model fueled enthusiasm among enterprise and developer customers and hiked reasoning workloads eightfold

But some users complained losing access to previous models, which the company quickly restored for paid rs."When you have 700 million weekly active users, you start to find people are very opinionated," Friar told CNBC. "As we've come out of the gate, we're actually seeing acceleration in Plus and subscriptions."watch now2:3502:35OpenAI CEO Sam Altman on path to fitability: Willing to run at a loss to focus on growthSquawk Box