By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Money MindHubMoney MindHubMoney MindHub
  • Home
  • Investing
  • Business
  • Personal Finance
  • Marketing
  • Banking
  • Mining
  • Retirement
Reading: OpenAI Hires Instacart CEO to Oversee ChatGPT, Applications
Share
Notification Show More
Money MindHubMoney MindHub
Search
  • Home -Money
  • Investing
  • Business
  • Personal Finance
  • Marketing
  • Banking
  • Mining
  • Retirement
© 2024 All Rights Reserved | Powered By moneymindhub
Money MindHub > Personal Finance > OpenAI Hires Instacart CEO to Oversee ChatGPT, Applications
Personal Finance

OpenAI Hires Instacart CEO to Oversee ChatGPT, Applications

MoneyMindHub May 8, 2025
Share
4 Min Read
OpenAI Hires Instacart CEO to Oversee ChatGPT, Applications
SHARE

A leading e-commerce executive will soon head OpenAI’s applications business.

Instacart CEO Fidji Simo, 39, announced on Wednesday in a LinkedIn post that she is leaving the grocery delivery service to join OpenAI as CEO of Applications later this year. In the new role, she will lead OpenAI’s products, including ChatGPT, and report directly to CEO Sam Altman, 40.

Simo wrote that she will remain CEO of Instacart “for a couple of months” to ensure a smooth transition. Even after she leaves, she will remain the chair of Instacart’s board.

“Let me start by saying this was an incredibly hard decision because I love this company,” Simo wrote in the LinkedIn post, which was a copy of a message she sent to the Instacart team.

Related: ‘Our Mission Remains the Same’: OpenAI Reverses Course, Says Its Nonprofit Will Remain in Control of the Business

Simo wrote that her “passion for AI” and “the potential it has to cure diseases” persuaded her to join OpenAI. Wired reported on Wednesday that OpenAI is in talks with the FDA to use AI for drug evaluations, potentially speeding up the time it takes for a drug to hit the market. Simo, meanwhile, is co-founder and president of a medical research center called Metrodora, which focuses on diagnosing and treating neuroimmune disorders.

“The ability to lead such an important part of our collective future was a hard opportunity to pass up,” Simo stated.

In an OpenAI blog post on Wednesday, Altman wrote that Simo, who joined OpenAI’s board last year, had “already contributed a great deal” to the company. He did not provide specific examples of Simo’s contributions, but wrote that she would now be responsible for helping lead the company through a new phase of growth. In March, OpenAI finalized a $40 billion fundraising round that valued the company at $300 billion. This week, OpenAI announced that its non-profit arm would continue to control its for-profit business to ensure OpenAI’s mission of AI that “benefits all of humanity.”

See also  How To Start A Side Hustle In 10 Steps

The Applications division is one of OpenAI’s three core businesses (Research and Compute and the other two). Altman wrote in a post on X that Simo’s appointment means he can focus more on research as the company works towards superintelligence, AI that surpasses human intelligence in all areas.

so excited that @fidjissimo is joining openai in a new role: ceo of applications, reporting to me.

i’ll remain ceo of openai, but in this new configuration i’ll be able to increase my focus on research, compute, and safety.

these are critical as we approach superintelligence.

— Sam Altman (@sama) May 8, 2025

Bloomberg reports that OpenAI’s Chief Operating Officer Brad Lightcap, Chief Financial Officer Sarah Friar, and Chief Product Officer Kevin Weil will report to Simo when she joins OpenAI.

Simo has been the CEO of Instacart since 2021, leading the company through the pandemic and to a September 2023 initial public offering. Since the company went public, Instacart shares have grown by over 47% at the time of writing. The company saw its first quarter revenue for 2025 increase 9% year-over-year to $897 million, with order volume up 14%.

Before Instacart, Simo worked at Meta for a decade and held the role of vice president and head of the Facebook app from 2019 to 2021. She introduced ads to the Facebook app and built Facebook Live, overseeing a team of 6,000 people.

Related: Saying ‘Please’ and ‘Thank You’ to ChatGPT Costs OpenAI ‘Tens of Millions of Dollars’

You Might Also Like

Get Lifetime Access to Top Documentaries for Just $149.97

A No Spend Challenge Can Reset Your Finances – Here’s How To Do It

This Healthy Version of Nesquik Is Backed by Ninja and Steve Aoki

Gen X Nostalgic Restaurant Ground Round Makes Comeback

21 Remote Retail Jobs You Can Do From Home

Share This Article
Facebook Twitter Copy Link
Previous Article Brawny brings back the Brawny Man for brand refresh Brawny brings back the Brawny Man for brand refresh
Next Article What is an ETF? (Exchange-Traded Fund) What is an ETF? (Exchange-Traded Fund)
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Latest News

What is an ETF? (Exchange-Traded Fund)
What is an ETF? (Exchange-Traded Fund)
Investing May 8, 2025
Brawny brings back the Brawny Man for brand refresh
Brawny brings back the Brawny Man for brand refresh
Marketing May 8, 2025
Passive and Active: text from letters of the wooden alphabet on a green chalk board
Up 20% with a 9% yield! This stock remains my top passive income earner
Investing May 8, 2025
MARA Holdings Achieves Impressive 705 BTC Production in April
MARA Holdings Achieves Impressive 705 BTC Production in April
Mining May 8, 2025
How to Get a Small Business Loan When Self-Employed
How to Get a Small Business Loan When Self-Employed
Business May 8, 2025
Young mixed-race woman looking out of the window with a look of consternation on her face
Worried about the future of the Cash ISA? Consider investing like this for potentially great returns
Retirement May 8, 2025

Recent Posts

  • What is an ETF? (Exchange-Traded Fund)
  • OpenAI Hires Instacart CEO to Oversee ChatGPT, Applications
  • Brawny brings back the Brawny Man for brand refresh
  • Up 20% with a 9% yield! This stock remains my top passive income earner
  • MARA Holdings Achieves Impressive 705 BTC Production in April

Recent Comments

No comments to show.

You Might also Like

Get Lifetime Access to Top Documentaries for Just $149.97
Personal Finance

Get Lifetime Access to Top Documentaries for Just $149.97

May 7, 2025
A No Spend Challenge Can Reset Your Finances – Here’s How To Do It
Personal Finance

A No Spend Challenge Can Reset Your Finances – Here’s How To Do It

May 7, 2025
This Healthy Version of Nesquik Is Backed by Ninja and Steve Aoki
Personal Finance

This Healthy Version of Nesquik Is Backed by Ninja and Steve Aoki

May 6, 2025
Gen X Nostalgic Restaurant Ground Round Makes Comeback
Personal Finance

Gen X Nostalgic Restaurant Ground Round Makes Comeback

May 5, 2025
moneymindhub moneymindhub

Our mission is to empower individuals with the knowledge and tools they need to achieve financial independence and make informed financial decisions.

Editor Choice

How to Build a Lasting Career in the Creator Economy
3 reasons to think FTSE 100 shares are still dirt cheap
23 Best Real Estate Side Hustles To Make Extra Money
After crashing 25% are these 2 cheap blue-chips perfect for my Stocks and Shares ISA?

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Facebook Twitter Telegram
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms of Service
Reading: OpenAI Hires Instacart CEO to Oversee ChatGPT, Applications
Share
© 2024 All Rights Reserved | Powered By moneymindhub
Welcome Back!

Sign in to your account

Lost your password?