00:00It's Benzinga, bringing Wall Street to Main Street.
00:03OpenAI has hired Google executive Albert Lee to lead corporate development, according to CNBC.
00:09Lee previously led corporate development for Google Cloud and Google DeepMind and worked
00:14on major acquisitions, including Google's $32 billion purchase of Wiz. In his new role,
00:20Lee will have broad visibility across OpenAI as the company focuses on strategic investments
00:25and M&A to strengthen its position against rivals, including Google and Anthropic.
00:31OpenAI has made multiple acquisitions this year, including Neptune, Software Applications
00:35Incorporated, Statsig for $1.1 billion, and Joni Ives' AI devices startup IO for more than
00:42$6 billion. OpenAI recently added Denise Dresser as chief revenue officer and hired former Instacart
00:48CEO Fiji Simo to lead its applications business. For all things money, visit Benzinga.com.
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