During OpenAI's IPO preparation, senior executives resign and security team undergoes restructuring
According to the Financial Times, OpenAI is undergoing organizational adjustments in preparation for its IPO, with Chief Revenue Officer Denise Dresser resigning. Prior to this, top executives such as CFO and COO Brad Lightcap and ethics officer Chlo é Bakalar have left one after another. OpenAI disbanded the 'preparation team' responsible for assessing the security risks of AI models, and the related responsibilities were split to other teams. OpenAI's annualized revenue increased from $24 billion to $40 billion, while completing $7 billion in employee stock buybacks. Anthropic competes with OpenAI in the enterprise market and is experiencing rapid revenue growth. The market expects OpenAI's valuation to reach $1 trillion.