[ad_1]
OpenAI’s Sora AI tool enables users to generate AI-generated videos from text-based inputs. OpenAI CFO Sarah Friar is assuring investors that despite recent departures of top talent, the company is still in a strong position and on track to close a significant funding round soon. The company is currently in the process of finalizing a $6.5 billion funding round, which is expected to value OpenAI at around $150 billion. Thrive Capital is leading the round, with plans to invest $1 billion.
Friar emphasized that the leadership team at OpenAI remains strong and is dedicated to advancing AI technology. The company is focused on making AI accessible to everyone and developing sustainable revenue models.
Recent departures from OpenAI include Chief Technology Officer Mira Murati, who announced her exit, along with top research executives Bob McGrew and Barret Zoph. Despite these exits, Friar expressed confidence in the remaining leadership team and highlighted individuals like Mark Chen and Kevin Weil as key figures in driving innovation.
In a recent all-hands meeting, co-founder Sam Altman denied reports of receiving a “giant equity stake” in the company, addressing concerns raised by investors. Altman and Friar stressed the importance of employee morale and reiterated their commitment to OpenAI’s mission.
Overall, OpenAI is focused on moving forward with its AI initiatives and remains optimistic about the company’s future.
[ad_2]
SOURCE
Emily Jensen, graduated from the London School of Economics and Political Science (LSE) in the UK in 2015 with a degree in Economics. She specializes in financial markets and international trade. After graduating, she worked as an analyst at an investment bank in London, where she developed expertise in global economic trends. She later transitioned into consulting, focusing on fintech ventures and providing insights into global economic developments. Emily is passionate about the intersection of finance and technology and aims to drive innovation in the financial sector.
