Google just snagged OpenAI's head of private equity
OpenAI lost its head of private equity to Google as leading AI labs launch fresh partnerships with PE firms to sell their tools.
TL;DR
- Paul Zimmerman, OpenAI's head of private equity, has joined Google to lead AI sales to PE firms.
- James Dyett, OpenAI's head of sales, is leaving for VC firm Thrive Capital.
- These are the latest in a series of high-profile departures from OpenAI.
- The generative AI industry is increasingly focusing on business use cases and corporate customers.
- OpenAI is launching a $10 billion joint venture with PE firms, and rival Anthropic has a $1.5 billion partnership.
- Google is also in talks with PE firms like Blackstone and KKR.