OpenAI upheaval mounts as Sam Altman readies IPO push

OpenAI is facing a wave of senior departures as Sam Altman pushes toward an IPO, the FT reports. Chief Strategy Officer Jason Kwon and Chief Product Officer Kevin Weil have recently left, adding to earlier exits of key early members. Altman is still driving the conversion to a for-profit structure, targeting a valuation above $150 billion. The article does not disclose the IPO timeline or underwriters. A string of C-suite exits is real pressure on pricing and investor confidence, but the final story will hinge on revenue growth and retention numbers.

Why it matters: OpenAI's executive turmoil continues, this time losing its chief strategy officer and chief product officer right at the pivot to a for-profit structure and IPO push. FT exclusively reports Altman's internal valuation target above $150B. The personnel shock plus IPO narrative ...