Sunday, 27 Jul 2025
  • About us
  • Contact
  • History
  • My Interests
  • Privacy Policy
Nexpressdaily.com
  • Home
  • Politics
  • Finance
  • Health
  • Technology
  • Travel
  • World
  • 🔥
  • Technology
  • World
  • Finance
  • Politics
  • Travel
  • Health
Font ResizerAa
Nexpressdaily.comNexpressdaily.com
  • My Saves
  • My Interests
  • My Feed
  • History
  • Travel
  • Finance
  • Politics
  • Health
  • Technology
  • World
Search
  • Pages
    • Home
    • Blog Index
    • Contact Us
    • Search Page
    • 404 Page
  • Personalized
    • My Feed
    • My Saves
    • My Interests
    • History
  • Categories
    • Finance
    • Politics
    • Technology
    • Travel
    • Health
    • World
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Technology

OpenAI Hires Instacart Chief Fidji Simo to Run Business and Operations

Nexpressdaily
Last updated: May 9, 2025 12:23 am
Nexpressdaily
Share
SHARE

OpenAI said late Wednesday that it hired Fidji Simo, the chief executive of Instacart, to take on a new role running the artificial intelligence company’s business and operations teams.

In a blog post, Sam Altman, OpenAI’s chief executive, said he would remain in charge as the head of the company. But Ms. Simo’s appointment as chief executive of applications would free him up to focus on other parts of the organization, including research, computing and safety systems, he said.

“We have become a global product company serving hundreds of millions of users worldwide and growing very quickly,” Mr. Altman said in the blog post. He added that OpenAI had also become an “infrastructure company” that delivered artificial intelligence tools at scale.

“Each of these is a massive effort that could be its own large company,” he wrote. “Bringing on exceptional leaders is a key part of doing that well.”

Ms. Simo, a member of OpenAI’s board, will oversee sales, marketing and finance. She will report to Mr. Altman.

OpenAI, which ignited a frenzy over A.I. with its ChatGPT chatbot, has grown rapidly and juggled multiple initiatives — sometimes unsuccessfully. The San Francisco company has steadily released new A.I. models and products, including systems that can “reason.” In March, it completed a $40 billion fund-raising deal, led by the Japanese conglomerate SoftBank, that valued it at $300 billion and made it one of the most valuable private companies in the world.

But OpenAI, which was set up as a nonprofit, has struggled to adopt a new corporate structure. As the commercial appeal of artificial intelligence has grown, the company had tried to remove itself from control by the nonprofit. That attracted scrutiny from critics such as Elon Musk, an OpenAI founder who sued the company and accused it of putting profit ahead of A.I. safety. The attorneys general of California and Delaware also scrutinized the restructuring.

On Monday, OpenAI backtracked on the plan and said it would allow the nonprofit to retain its grip on the company.

(The New York Times has sued OpenAI and its partner, Microsoft, accusing them of copyright infringement regarding news content related to A.I. systems. OpenAI and Microsoft have denied those claims.)

In a statement late Wednesday, Ms. Simo said that OpenAI “has the potential of accelerating human potential at a pace never seen before and I am deeply committed to shaping these applications toward the public good.”

She added in a memo to Instacart employees that she had a “passion for A.I. and in particular for the potential it has to cure diseases” and that “the ability to lead such an important part of our collective future was a hard opportunity to pass up.”

Ms. Simo will remain at Instacart for the next few months as the company names a successor, a role she said would be filled by a member of Instacart’s management team. She will also remain on the company’s board as its chairperson.

“Today’s announcement is not a reflection of any changes in our business or operations,” Instacart said in a statement.

Share This Article
Email Copy Link Print
Previous Article Sadiq Khan unveils plan to rip up green belt and build flats for Londoners
Next Article Migrants Are Skipping Medical Care, Fearing ICE, Doctors Say

Your Trusted Source for Accurate and Timely Updates!

Our commitment to accuracy, impartiality, and delivering breaking news as it happens has earned us the trust of a vast audience. Stay ahead with real-time updates on the latest events, trends.
FacebookLike
XFollow
InstagramFollow
LinkedInFollow
MediumFollow
QuoraFollow
- Advertisement -
Ad imageAd image

Popular Posts

Trump and Starmer finally finalise ‘big and beautiful’ UK-US trade deal

Sign up for the View from Westminster email for expert analysis straight to your inboxGet…

By Nexpressdaily

A new Moto 360 is coming, but maybe not like you’d expect

TL;DR Leaked renders have provided us with our first glimpse of the new Moto 360…

By Nexpressdaily

Google’s AI can now make phone calls for you

Google will now let everyone in the US call local businesses using AI. The feature,…

By Nexpressdaily

You Might Also Like

Technology

Mortgage Rates Go Down Over the Last Week: Mortgage Interest Rates Today for June 2, 2025

By Nexpressdaily
Technology

Save on Samsung, Crucial, Sandisk and more

By Nexpressdaily
Technology

From 25,000 transistors to 300 billion chips, Arm celebrates 40 years of innovation

By Nexpressdaily
Technology

Lead a Happier Life With These 7 Simple Daily Habits

By Nexpressdaily
Nexpressdaily.com
Facebook Twitter Youtube Rss Medium

About US

NexpressDaily.com is a leading digital news platform committed to delivering timely, accurate, and unbiased news from around the world. From politics and business to technology, sports, health, and entertainment – we cover the stories that matter most. Stay connected with real-time updates, expert insights, and trusted journalism, all in one place.

Top Categories
  • World
  • Finance
  • Politics
  • Tech
  • Health
  • Travel
Usefull Links
  • About us
  • Contact
  • History
  • My Interests
  • Privacy Policy

© Nexpressdaily. All Rights Reserved.

Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?