Observer | OpenAI CFO Sarah Friar and Anthropic’s Krishna Rao Are Racing For Compute Power by Alexandra Tremayne-Pengelly AI generated summary, Read the full article for complete information. OpenAI CFO Sarah Friar and Anthropic CFO Krishna Rao, each about two years into their roles, are locked in a high‑stakes competition to secure the compute power needed for their companies’ rapid AI expansion. Both executives spend a large portion of their time negotiating chip deals—Anthropic relies on Nvidia GPUs, Google TPUs and Amazon’s Tranium, while OpenAI mixes Nvidia, AMD, Amazon, Broadcom‑built hardware and Cerebras systems—and balancing the risk of over‑investing in infrastructure against the danger of undersupplying customer demand. This capital‑intensive push has spurred massive fundraising: Anthropic closed a $750 million round at a $15 billion valuation and is eyeing a $30 billion raise that could value it near $900 billion, while OpenAI recently secured a twelve‑figure infusion and remains open to more capital. Revenues are soaring, with Anthropic’s run‑rate hitting $30 billion in April and OpenAI reporting $24 billion in annualized revenue, and both firms are planning high‑profile IPOs—Anthropic possibly by year‑end and OpenAI in the second half of 2026—underscoring compute as the key competitive advantage in the AI race. Read more: https://observer.com/2026/05/openai-anthropic-cfos-ai-compute/ #OpenAI #Anthropic #Nvidia #artificialintelligence #SarahFriar #KrishnaRao