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OpenAI power consolidates under co-founder Greg Brockman ahead of IPO
CNBC • • general
Key Points:
- Fidji Simo, OpenAI's product and business chief, stepped down due to chronic illness and will transition to a part-time advisory role after taking medical leave earlier this year.
- Greg Brockman, OpenAI co-founder and president, has taken over Simo's responsibilities, overseeing key projects including ChatGPT, go-to-market, enterprise teams, and compute initiatives.
- Brockman reports directly to CEO Sam Altman and faces pressure to increase revenue and justify OpenAI's $85 billion valuation amid plans for a potential IPO, which may be delayed until next year.
- OpenAI is encountering intensified competition from companies like Anthropic, Google, and SpaceX, with ChatGPT's market share dropping below 50% for the first time in March.
- Brockman and Altman have a close partnership, having co-founded OpenAI together, and were involved in a recent legal dispute with Elon Musk, which Musk ultimately lost.
