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00:02OpenAI president Greg Brockman will oversee the company's key product and business operations
00:08after Fiji Simo stepped down due to chronic illness, according to CNBC.
00:13Simo, who led OpenAI's product and business strategy for about a year,
00:16will become a part-time advisor.
00:19Brockman will lead ChatGPT, go-to-market operations,
00:22enterprise teams, and compute initiatives while reporting directly to CEO Sam Altman.
00:26He faces pressure to increase revenue and support OpenAI's $852 billion valuation
00:32as the company prepares for a potential IPO.
00:36OpenAI confidentially filed for an IPO in June, but may delay the listing until next year.
00:41The company also faces growing competition as ChatGPT's market share fell below 50% in March.
00:47OpenAI does not plan to replace Simo.
00:49For all things money, visit Benzinga.com.
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