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3h ago

Fidji Simo Takes Helm of Applications at OpenAI to Boost Revenue

The appointment is meant to convert OpenAI’s record user growth into lasting profits in light of its multibillion-dollar losses.

Elle est le visage de la réussite française dans la tech. Fidji Simo prend la direction des applications d’OpenAI ce lundi 18 août. Ici, en 2019, lors de l'événement Power of Women de Variety.
Fidji Simo vit à Los Altos, en Californie.

Overview

  • Fidji Simo, former Instacart CEO and OpenAI board member, began her duties Monday as Director of Applications, reporting directly to CEO Sam Altman.
  • In her expanded role, Simo will oversee product development and monetization efforts to help OpenAI leverage its 700 million weekly ChatGPT users into reliable revenue streams.
  • OpenAI has seen revenue near $1 billion per month but posted roughly $5 billion in losses last year, heightening pressure to commercialize and secure additional funding.
  • Altman praised Simo as “exceptional” following her May board appointment and tapped her to scale the company’s applications business by tenfold.
  • Simo’s elevation marks a rare milestone for a French executive in Silicon Valley, capping a career that spans senior roles at Meta and Instacart and an academic background at HEC Paris.