Who is OpenAI's Auditor?

OpenAI won't say who audits its books. The company, which projects to hit an ARR of $20 billion this year and is valued at $500 billion, has committed to spending about $1.4 trillion on data centers over the next decade. It accounts for roughly two-thirds of unfulfilled contracts at Oracle and two-fifths at CoreWeave. Microsoft alone holds around $375 billion in unfulfilled contracts with OpenAI.

Reuters reported the company may target a $1 trillion valuation for a potential IPO in coming years. Most companies at this scale use one of the Big Four accounting firms: Deloitte, EY, KPMG or PwC. OpenAI declined to comment to Financial Times. A person close to the organization told the publication the company has 'an industry standard audit with one of the Big Four firms.' The company's latest Form 990 filing lists Fontanello, Duffield, & Otake -- a small San Francisco accountancy firm -- as the paid preparer. The form does say an independent accountant audited the statements.

Michael Burry, last night: 'Can anyone name [OpenAI's] auditor?'

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