OpenAI Hires Former Instacart CEO to Lead ChatGPT as Company Pushes for Profitability
Summary
OpenAI hires former Instacart CEO Fidji Simo to lead ChatGPT operations and drive profitability as the AI giant plans to transform the chatbot into a comprehensive personal services platform covering shopping, travel, and financial advice while introducing advertising to free users.
Key Points
- OpenAI hires former Instacart CEO Fidji Simo as CEO of Applications to oversee ChatGPT and revenue-generating functions while Sam Altman focuses on research and compute
- Simo plans to make ChatGPT indispensable by expanding it into personal services like shopping, travel planning, and financial advice, with advertising eventually coming to the free tier
- The company faces massive losses despite being valued as one of the world's most valuable startups, with Simo betting on huge market opportunities and billion-dollar compute deals to achieve profitability