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OpenAI names Slack CEO Dresser as first chief of revenue as ChatGPT maker aims to make a profit

Financial Post
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OpenAI names Slack CEO Dresser as first chief of revenue as ChatGPT maker aims to make a profit

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FILE - The OpenAI logo is seen displayed on a cell phone in front of an image on a computer screen generated by ChatGPT's Dall-E text-to-image model, Friday, Dec. 8, 2023, in Boston. Photo by Michael Dwyer /APArticle contentSAN FRANCISCO (AP) — OpenAI said Tuesday it has picked Slack CEO Denise Dresser as its first chief of revenue, a message to wary investors that the ChatGPT maker is serious about making a profit from its artificial intelligence technology.Sign In or Create an AccountEmail AddressContinueor View more offersArticle contentOpenAI said Dresser will oversee global revenue strategy and “help more businesses put AI to work in their day-to-day operations.”Article contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.Article contentArticle contentDresser had already spent more than a decade at Salesforce when the software pioneer announced in 2020 it was buying work-chatting service Slack for $27.7 billion. She helped integrate Slack into the software company before Salesforce CEO Marc Benioff picked her as CEO in 2023.Article contentTop StoriesGet the latest headlines, breaking news and columns.There was an error, please provide a valid email address.Sign UpBy signing up you consent to receive the above newsletter from Postmedia Network Inc.Thanks for signing up!A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Article contentSalesforce said in a statement that it was “grateful for Denise’s leadership during her 14 years at Salesforce.” Rob Seaman, Slack’s chief product officer, will take over her responsibilities on an interim basis.Article contentOpenAI CEO Sam Altman earlier this month set off a “code red” alert in an internal email to employees to improve its flagship product, ChatGPT, and delay other product developments.Article contentOpenAI first released ChatGPT just over three years ago, sparking global fascination and a commercial boom in generative AI technology and giving the San Francisco-based startup an early lead. But the company faces increased competition with rivals, including Google, which last month unleashed Gemini 3, the latest version of its own AI assistant.Article contentAltman has said ChatGPT now has more than 800 million weekly users. But the company, valued at $500 billion, doesn’t make a profit and has committed more than $1 trillion in financial obligations to the cloud computing providers and chipmakers it relies on to power its AI systems.Article contentThe risk that OpenAI won’t make enough money to fulfill the expectations of backers like Oracle and Nvidia has amplified investor concerns about an AI bubble.Article contentOpenAI makes revenue from premium subscriptions to ChatGPT, but most users get the free version. OpenAI introduced its own web browser, Atlas, in October, an attempt to compete with Google’s Chrome as more internet users rely on AI to answer their questions. But OpenAI hasn’t yet tried to sell ads on ChatGPT, which is how Google makes money from its dominant search business.Article contentTrending David Rosenberg: 10 reasons why we're now bullish on the Canadian dollar for the first time in many years News Posthaste: A market phenomenon not seen in 50 years is raising red flags at the world's central bank News Budget watchdog regrets calling Canada's fiscal position 'stupefying' Economy We asked three experts to weigh in on the pipeline MOU. It got a bit testy Oil & Gas Toronto, Vancouver home prices to fall in 2026 as rest of Canada ploughs ahead, Royal LePage says News Share this article in your social networkCommentsYou must be logged in to join the discussion or read more comments.Create an AccountSign in Join the Conversation Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information. David Rosenberg: 10 reasons why we're now bullish on the Canadian dollar for the first time in many years News Posthaste: A market phenomenon not seen in 50 years is raising red flags at the world's central bank News Budget watchdog regrets calling Canada's fiscal position 'stupefying' Economy We asked three experts to weigh in on the pipeline MOU. It got a bit testy Oil & Gas Toronto, Vancouver home prices to fall in 2026 as rest of Canada ploughs ahead, Royal LePage says News

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Source: Financial Post