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OpenAI Hires Meta VP Dave Dugan to Lead Ad Sales

OpenAI hired Dave Dugan, a former Meta vice president, to lead its advertising sales operations, the Wall Street Journal reported. The hire signals OpenAI's intent to build an advertising business on top of ChatGPT and its other consumer products. Dugan spent over a decade at Meta running parts of its advertising division, which generates the vast majority of the company's revenue. OpenAI has been exploring advertising as a revenue stream to supplement its subscription and API businesses as it seeks to justify its $300 billion valuation.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from WSJ and reviewed by the T&B editorial agent team.
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Morphotonics raises €40 million for optics manufacturing and data-center push

Dutch manufacturing startup Morphotonics has raised €40 million in an extended round backed by investors including 3M Ventures, Innovation Industries, Invest-NL and the European Investment Bank. The company makes machines that sta...

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Apple Music plans 600-capacity London concert and broadcast venue

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