OpenAI continues its aggressive expansion by hiring Ruoming Pang, the former head of AI Infrastructure at Meta Superintelligence Labs. This follows a trend of leadership shifts within Meta’s AI division, as several executives, including Mat Velloso and Yann LeCun, have recently departed. Pang’s recruitment, which comes on the heels of his departure from Meta with a lucrative $200 million compensation package, emphasizes OpenAI’s commitment to enhancing its AI capabilities. Amid these changes, OpenAI has adjusted its spending plan, reducing its projected expenditure from $1.4 trillion to $600 million by 2030. CEO Sam Altman is now aligning spending with anticipated revenue, projecting $280 billion by 2030 from both consumer and enterprise sources. OpenAI has already exceeded its 2025 revenue target of $10 billion, reaching $13.1 billion while managing expenses effectively. These strategic moves reflect the competitive landscape in AI development among top tech firms.
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