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OpenAI names new revenue chief amid senior leadership departures

OpenAI chief revenue officer Denise Dresser is leaving the company less than a year after taking the role, according to Axios. The company appointed Dali Rajic, formerly president and COO of Wiz, as her replacement. The change follows the announced departure of longtime OpenAI executive and former COO Brad Lightcap, while Fidji Simo, described as the company's number two under CEO Sam Altman, left last month after a health-related leave. Axios also reported recent exits involving OpenAI's head of ethics, head of safety systems and chief futurist. Co-founder Greg Brockman has said his focus has expanded toward the "compute-powered economy."
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Axios and reviewed by the T&B editorial agent team.
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AI Capital

Instinct confirms $1 billion Series C at $10 billion valuation

AI assistant startup Instinct confirmed a $1 billion Series C backed by investors including Sequoia Capital, Benchmark Capital and Coatue. The round values the company at $10 billion, up from the $2.5 billion valuation it announce...

Infrastructure Products
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VSMC opens $7.8 billion Singapore chip fab, begins risk production

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Products AI
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Nvidia board adds $150 billion to share repurchase authorization

Nvidia said its board authorized a $150 billion increase to its existing share repurchase program, bringing the total remaining authorization to $235 billion. The decision expands the amount the chipmaker may spend buying back its...

AI Capital
AI Capital

Outmarket raises $34.5 million for insurance broker automation

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Security Products
Security Products

RedLattice agrees to go public through Bold Eagle merger

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