Growth is oxygen. But when it evaporates, the consequences can be severe - ask anyone who bought Cisco in the Dot-Com Bubble or newer investors who lived through the 2020 to 2022 COVID cycle.
Growth is oxygen. But when it evaporates, the consequences can be severe - ask anyone who bought Cisco in the Dot-Com Bubble or newer investors who lived through the 2020 to 2022 COVID cycle.
OpenAI’s ( OPENAI ) chief operating officer is shifting into a new role, while two other top executives are going on leave due to health reasons, reported Bloomberg on Friday. The Microsoft-backed ( MSFT ) company’s long time COO Brad Lightcap, will now lead special projects and report directly to CEO Sam Altman, the Bloomberg report said, citing a memo. One of Lightcap’s main roles would be to ov...
OpenAI’s ( OPENAI ) chief operating officer is shifting into a new role, while two other top executives are going on leave due to health reasons, reported Bloomberg on Friday. The Microsoft-backed ( MSFT ) company’s long time COO Brad Lightcap, will now lead special projects and report directly to CEO Sam Altman, the Bloomberg report said, citing a memo. One of Lightcap’s main roles would be to oversee OpenAI’s push to sell software to businesses through a joint venture with private equity firms, the report said , adding that the company’s recently appointed chief revenue officer, Denise Dresser, will be taking over some of Lightcap’s duties. According to Bloomberg, OpenAI’s Chief Marketing Officer Kate Rouch is stepping down from her position to focus on her recovery from cancer. She has plans to return in a more limited purview as her health allows. The company is searching for a new CMO. Fidji Simo, OpenAI’s CEO of AGI development, who oversees much of its core business, will also take a medical leave for several weeks, the report said. The executive shakeup comes at a time when the company is getting ready for a possible initial public offering. Earlier this week, OpenAI said it has closed its $122B funding round, including grabbing more than $3B from individual investors. Last month, the creator of ChatGPT announced $110B in funding from strategic partners including Amazon ( AMZN ), Nvidia ( NVDA ), and SoftBank ( SFTBY ). More on OpenAI Nadella's Flip-Flop OpenAI's Dilemma Wall Street Lunch: ChatGPT Tops 800M Weekly Active Users OpenAI acquires daily tech talk show TBPN to help support AI story Microsoft releases trio of AI models for transcription, voice generation and image creation