{"id":102549,"date":"2026-07-11T11:54:13","date_gmt":"2026-07-11T11:54:13","guid":{"rendered":"https:\/\/www.europesays.com\/ai\/102549\/"},"modified":"2026-07-11T11:54:13","modified_gmt":"2026-07-11T11:54:13","slug":"openai-power-consolidates-under-co-founder-greg-brockman-ahead-of-ipo","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ai\/102549\/","title":{"rendered":"OpenAI power consolidates under co-founder Greg Brockman ahead of IPO"},"content":{"rendered":"<p>Greg Brockman, president of OpenAI, arrives at a federal courthouse as the trial in Elon Musk&#8217;s lawsuit over OpenAI&#8217;s for-profit conversion continues, in Oakland, California, May 6, 2026.<\/p>\n<p>Manuel Orbegozo | Reuters<\/p>\n<p>There&#8217;s a new second-in-command at <a href=\"https:\/\/www.cnbc.com\/2026\/07\/09\/open-ai-sam-altman-chatgpt-5-6-sol.html\" rel=\"nofollow noopener\" target=\"_blank\">OpenAI<\/a>.\u00a0<\/p>\n<p><a href=\"https:\/\/www.cnbc.com\/2026\/06\/24\/openai-and-broadcom-reveal-jalapeno-first-ai-chip-in-partnership.html\" rel=\"nofollow noopener\" target=\"_blank\">Greg Brockman<\/a>, the company&#8217;s president, is officially responsible for OpenAI&#8217;s most important and profitable projects after <a href=\"https:\/\/www.cnbc.com\/2026\/07\/09\/openai-exec-fidji-simo-says-she-will-step-down-and-transition-to-part-time-advisor.html\" rel=\"nofollow noopener\" target=\"_blank\">Fidji Simo<\/a> stepped down from her role on Thursday due to chronic illness.<\/p>\n<p>Simo, a former <a href=\"https:\/\/www.cnbc.com\/quotes\/META\/\" rel=\"nofollow noopener\" target=\"_blank\">Meta<\/a> executive and ex-CEO of <a href=\"https:\/\/www.cnbc.com\/quotes\/CART\/\" rel=\"nofollow noopener\" target=\"_blank\">Instacart<\/a>, served as OpenAI&#8217;s product and business chief for about a year, focusing the company&#8217;s road map and helping it scale. Simo, who was diagnosed with postural orthostatic tachycardia syndrome, or POTS, in 2019, <a href=\"https:\/\/www.cnbc.com\/2026\/04\/03\/openai-fidji-simo-medical-leave-executive-changes.html\" rel=\"nofollow noopener\" target=\"_blank\">took a medical leave<\/a> in April, and said Thursday that she would transition to a position as a <a href=\"https:\/\/www.cnbc.com\/2026\/07\/09\/openai-exec-fidji-simo-says-she-will-step-down-and-transition-to-part-time-advisor.html\" rel=\"nofollow noopener\" target=\"_blank\">part-time advisor<\/a>.\u00a0<\/p>\n<p>Brockman, an OpenAI co-founder, took over product responsibilities during Simo&#8217;s absence, and will continue to lead those efforts, according to a source familiar with the company&#8217;s plans who asked not to be named due to confidentiality. Brockman will oversee OpenAI&#8217;s ChatGPT product business, as well as its go-to-market teams, enterprise teams and compute initiatives, the person said.\u00a0\u00a0<\/p>\n<p>&#8220;I am deeply grateful for all Fidji has done for OpenAI and to advance our mission, and for the opportunity to have worked alongside her for the past few years,&#8221; Brockman wrote in<a href=\"https:\/\/x.com\/gdb\" target=\"_blank\" rel=\"nofollow\"> a post on X<\/a> on Friday.<\/p>\n<p>Reporting directly to CEO <a href=\"https:\/\/www.cnbc.com\/sam-altman\/\" rel=\"nofollow noopener\" target=\"_blank\">Sam Altman<\/a>, Brockman is under pressure to bring in revenue and justify OpenAI&#8217;s <a href=\"https:\/\/www.cnbc.com\/2026\/03\/31\/openai-funding-round-ipo.html\" rel=\"nofollow noopener\" target=\"_blank\">$852 billion valuation<\/a>, especially as the company gears up for what&#8217;s expected to be a historic IPO. OpenAI <a href=\"https:\/\/www.cnbc.com\/2026\/06\/08\/openai-confidentially-files-for-ipo-prepping-wall-street-for-ai-debut.html\" rel=\"nofollow noopener\" target=\"_blank\">confidentially filed<\/a> its prospectus with regulators in June, but the company hasn&#8217;t disclosed when it plans to debut and is reportedly delaying until next year. <\/p>\n<p>OpenAI is also facing increasingly stiff competition from rivals, including Anthropic, <a href=\"https:\/\/www.cnbc.com\/quotes\/GOOGL\/\" rel=\"nofollow noopener\" target=\"_blank\">Google<\/a> and <a href=\"https:\/\/www.cnbc.com\/elon-musk\/\" rel=\"nofollow noopener\" target=\"_blank\">Elon Musk&#8217;s<\/a> <a href=\"https:\/\/www.cnbc.com\/quotes\/SPCX\/\" rel=\"nofollow noopener\" target=\"_blank\">SpaceX<\/a>, along with a host of cheaper <a href=\"https:\/\/www.cnbc.com\/2026\/07\/08\/chinese-ai-models-probe-us-lawmakers.html\" rel=\"nofollow noopener\" target=\"_blank\">open-weight models<\/a> primarily out of China. <\/p>\n<p>ChatGPT&#8217;s market share fell below 50% for the first time in March, according to a report from <a href=\"https:\/\/sensortower.com\/report\/state-of-ai-2026\/download\" target=\"_blank\" rel=\"nofollow noopener\">Sensor Tower<\/a>, and OpenAI has been aggressively touting its AI coding assistant, <a href=\"https:\/\/www.cnbc.com\/2026\/06\/11\/open-ai-ona-acquisition-codex.html\" rel=\"nofollow noopener\" target=\"_blank\">Codex<\/a>, in an effort to win over more users.\u00a0<\/p>\n<p>Sarah Friar, OpenAI&#8217;s finance chief, and Jason Kwon, the company&#8217;s strategy chief, will report to Altman. The company doesn&#8217;t plan to hire anyone to replace Simo, the person familiar said.\u00a0<\/p>\n<p>Brockman co-founded OpenAI alongside Altman and a group of others, including Musk, in 2015. He and Altman have been close allies, and when Altman was briefly ousted from his role as CEO in 2023, <a href=\"https:\/\/x.com\/gdb\/status\/1725667410387378559?s=20\" target=\"_blank\" rel=\"nofollow\">Brockman quit the company<\/a> in solidarity. Both men rejoined OpenAI days later.\u00a0<\/p>\n<p>&#8220;Greg and I are partners in running this company,&#8221; Altman wrote in <a href=\"https:\/\/openai.com\/index\/sam-altman-returns-as-ceo-openai-has-a-new-initial-board\/\" target=\"_blank\" rel=\"nofollow noopener\">a blog post<\/a> at the time. &#8220;We have never quite figured out how to communicate that on the org chart, but we will.&#8221;\u00a0<\/p>\n<p>They were also both at the center of a <a href=\"https:\/\/www.cnbc.com\/2026\/04\/24\/musk-v-altman-trial-openai-lawsuit-xai.html\" rel=\"nofollow noopener\" target=\"_blank\">high-profile legal brawl<\/a> earlier this year. Musk <a href=\"https:\/\/www.cnbc.com\/2026\/05\/02\/musk-testimony-dominated-first-week-musk-v-altman-trial-in-oakland.html\" rel=\"nofollow noopener\" target=\"_blank\">sued<\/a> Brockman, Altman and OpenAI, alleging they went back on commitments they made to keep the the AI lab a nonprofit.\u00a0<\/p>\n<p>In federal court in Oakland, California, in May, <a href=\"https:\/\/www.cnbc.com\/2026\/05\/05\/open-ai-altman-musk-trial-brockman-testimony.html\" rel=\"nofollow noopener\" target=\"_blank\">Brockman testified<\/a> about the startup&#8217;s early years and pushed back on Musk&#8217;s account of events. He was grilled about his personal financial ambitions, his understanding of OpenAI&#8217;s structure and Musk&#8217;s involvement at the company.\u00a0<\/p>\n<p>Musk ultimately <a href=\"https:\/\/www.cnbc.com\/2026\/05\/18\/musk-altman-openai-trial-verdict.html\" rel=\"nofollow noopener\" target=\"_blank\">lost the case<\/a> after an advisory jury said he waited too long to sue, a verdict that was immediately adopted by a federal judge.\u00a0<\/p>\n<p>&#8220;I think the tech we are developing is transformative,&#8221; Brockman said from the witness stand. &#8220;This is going to be the most important technological shift in human history.&#8221;<\/p>\n<p>WATCH: <a href=\"https:\/\/www.cnbc.com\/video\/2026\/07\/10\/openai-exec-fidji-simo-steps-down.html\" rel=\"nofollow noopener\" target=\"_blank\">OpenAI exec Fidji Simo steps down<\/a><\/p>\n<p><a href=\"https:\/\/www.google.com\/preferences\/source?q=https:\/\/www.cnbc.com\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Greg Brockman, president of OpenAI, arrives at a federal courthouse as the trial in Elon Musk&#8217;s lawsuit over&hellip;\n","protected":false},"author":2,"featured_media":102550,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[131,133,148,140,8252,26407,1111,157,370,2806,9323,134],"class_list":["post-102549","post","type-post","status-publish","format-standard","has-post-thumbnail","category-openai","tag-alphabet-class-a","tag-breaking-news-technology","tag-business-news","tag-elon-musk","tag-fidji-simo","tag-maplebear-instacart","tag-meta-platforms-inc","tag-openai","tag-sam-altman","tag-satya-nadella","tag-space-exploration-technologies-corp","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts\/102549","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/comments?post=102549"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/posts\/102549\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/media\/102550"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/media?parent=102549"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/categories?post=102549"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ai\/wp-json\/wp\/v2\/tags?post=102549"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}