Nov 5 (Reuters) - OpenAI Chief Financial Officer Sarah

Friar said an initial public offering is "not on the cards" for

the near term, speaking at The Wall Street Journal's Tech Live

conference on Wednesday.

Friar said the AI startup is prioritizing growth and

research over profitability and that its recent structural

changes do not signal an imminent listing.

OpenAI did not immediately respond to a Reuters request for

comment.

Last week, Reuters reported that OpenAI was laying the

groundwork for an initial public offering that could value the

company at up to $1 trillion.