The investment round will be completed next week

Created Date: September 27, 2024 10:51

Sarah Friar, chief financial officer (CFO) of OpenAI, the company that makes the artificial intelligence program ChatGPT, announced to its investors that they are ready to complete a major investment round soon, despite the resignation of the company’s leading employees this week. On Wednesday, the company’s chief technology officer (CTO) Mira Murati and senior executives resigned.

In an email sent by OpenAI to its investors, the company’s CFO Sarah Friar addressed the resignation of the company’s chief technology officer Mira Murati. Later that day, CEO Sam Altman said two senior research executives, Bob McGrew and Barret Zoph, would also leave.

According to the news on CNBC, Friar said, “I wanted to make a personal statement following the news that Mira is leaving OpenAI. While leadership changes are never easy, I want to make sure you know the full context.” he said.

“We are incredibly proud of everything he has helped build,” Friar added of Murati, saying the San Francisco-based company has a talented leadership team to compete.

OpenAI CEO’su Sam Altman

INVESTMENT TOUR

The company is about to close a financing round worth about $6.5 billion, according to sources familiar with the matter. Financing firm Thrive Capital is leading the round and also plans to invest $1 billion, according to sources.

The funding round was oversubscribed and will close next week, Friar said in the email. Fugitive said he also plans to hold a series of meetings with investors to introduce them to key leaders from the product and research teams.

“Collectively, we continue to bring AI to everyone and build sustainable revenue models that fuel our operations and add value to our investors and employees,” Friar wrote.

Murati’s departure comes after six and a half years with the company. He briefly served as interim CEO last year after the board abruptly fired Altman. Murati returned to the CTO role when Altman quickly returned to work.

MANY NAMES LEAVED FROM OpenAI

The company was already dealing with the loss of key executives. Co-founder John Schulman and security chief Jan Leike left to join rival Anthropic. Co-founder Ilya Sutskever is stepping down to start another AI company, while another co-founder, Greg Brockman, is following in Sutskever’s footsteps.

Friar said Mark Chen will assume the role of senior vice president of research, and names such as Kevin Weil, who joined from Meta, will also be part of the executive team.

‘THE NEWS IS NOT TRUE’

On the other hand, at the general assembly meeting held on Thursday, Altman denied that there were plans to give him a giant share in the company and said that the news about such a development at the meeting was not true.

Source: bigpara.hurriyet.com.tr