The disagreement between Sam and his CFO has been long-standing. Yesterday, The Wall Street Journal reported that OpenAI has recently failed to achieve its internal goals of adding new users and revenue, which has raised concerns among its CFO about OpenAI's ability to pay for future computing contracts and the timing of its IPO. The sudden blow to the market's risk appetite and demand actually depends on the growth of token consumption. In fact, Sam and his CFO have always had disagreements regarding the pace of expansion. Sam is also constantly excluding his CFO from the key agenda. Take a look at the timeline: 1) August 2025: Sarah Friar (OpenAI CFO) no longer reports directly to Sam Altman, but instead reports to Fidji Simo (OpenAI Applications CEO, introduced by Altman). This is seen as an organizational restructuring, implying a distance in power/decision-making between the two individuals. 2) Since the beginning of 2026, Friar has privately expressed his dissatisfaction with Altman's radical strategy multiple times, mainly including: Oppose the Q4 2026 IPO schedule (believing that the company is unprepared, has high organizational processes and financial risks); Be cautious about the $600 billion data center/computing power expenditure, concerned that revenue growth may not keep up and lead to cash flow issues (consistent with yesterday's WSJ report) 3) In April 2026, there were media reports of a tense relationship between the two: Friar was excluded from some key investor meetings (especially server procurement/infrastructure discussions), as she had previously been a participant. The main reason for these disagreements and frictions is Altman's push for rapid expansion and IPO, while Friar focuses more on risk control and sustainability. But rather, there will be cracks starting in the second half of 2025, which will intensify in 2026 due to the pace of IPOs and the speed of burning money. A typical high growth company CEO vs. CFO conflict - Sam wants to rush, CFO wants to brake. At present, Friar has not been replaced, and the outside world speculates that she is an "important balancing agent" of Altman, and the board of directors may recognize Friar at this stage. I am curious, how long can Friar stay in Openai? Now is the critical stage of IPO, and the CFO is too crucial in the IPO stage. OpenAI is rushing to go public in 2026 (possibly Q4), and she has Nextdoor IPO experience (2021), making her the most knowledgeable executive in the company's "IPO preparation". The board of directors and investors need her to control financial discipline, S-1 documents, and risk disclosure - replacing her now would actually slow down the IPO. If the revenue continues to miss the target and cash flow pressure increases, Altman may push for a CFO change (during the rapid expansion period of technology companies, CEO-CFO conflicts often end up with the CFO leaving).