Is OpenAI Entering Its Acquisition Era?

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OpenAI has been on a hiring spree. Will it lead to an acquiring spree?

On Monday, the company reportedly poached Google’s senior director of corporate development Albert Lee. The executive led corporate development for Google Cloud and DeepMind for more than 14 years, and oversaw dozens of top acquisitions worth more than $50 billion in value, per his LinkedIn profile.

Lee will lead corporate development at OpenAI, and OpenAI is hoping he will be “a senior leader with broad…



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Is OpenAI Entering Its Acquisition Era?



OpenAI has been on a hiring spree. Will it lead to an acquiring spree?

On Monday, the company reportedly poached Google’s senior director of corporate development Albert Lee. The executive led corporate development for Google Cloud and DeepMind for more than 14 years, and oversaw dozens of top acquisitions worth more than $50 billion in value, per his LinkedIn profile.

Lee will lead corporate development at OpenAI, and OpenAI is hoping he will be “a senior leader with broad…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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