OpenAI says HR chief Julia Villagra is leaving company

OpenAI says HR chief Julia Villagra is leaving company


Jaque Silva| Nurphoto | Getty Images

OpenAI’s human resources chief, Julia Villagra, is leaving the company, CNBC has confirmed.

It’s the latest high-profile shakeup at the artificial intelligence startup, which is aggressively hiring AI talent as it faces heightened competition from Google, Meta, Anthropic and others.

OpenAI CEO Sam Altman announced Villagra’s promotion to the role of chief people officer in March. She joined the company last year and is set to leave on Friday. Reuters was first to report her pending departure, which the company confirmed to CNBC.

Villagra’s exit comes just months after longtime Meta executive and former Instacart CEO Fidji Simo joined the company in a senior capacity and began taking on a more active role across OpenAI’s consumer and product initiatives.

In recent months, OpenAI has deepened its push beyond the ChatGPT chatbot and into enterprise. The company is also in the process of restructuring into a public benefit corporation to meet a key stipulation of its SoftBank-led $40 billion fundraising round.

Altman said in June that Meta has tried to poach OpenAI employees by offering signing bonuses as high as $100 million, with even larger annual compensation packages. Meta technology chief Andrew Bosworth said OpenAI countered Meta’s offers.

WATCH: CNBC interview with OpenAI CFO Sarah Friar

OpenAI CFO Sarah Friar: Biggest issue we face is being 'constantly under compute'



Source

Mortgage refinance demand plunges 21%, as interest rates hit 3-week high
World

Mortgage refinance demand plunges 21%, as interest rates hit 3-week high

A brief roller coaster ride for mortgage rates caused yet another swing in demand. After dropping to a three-year low two weeks ago, rates then shot right back up again. As a result, total mortgage application volume dropped 12.7% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. […]

Read More
From Spain’s bull run to gold’s surge: How the third quarter played out in Europe
World

From Spain’s bull run to gold’s surge: How the third quarter played out in Europe

Spain’s IBEX equity index has posted a return of nearly 10% over the last few weeks, way above its continental peers. Source

Read More
Gold hits new all-time high as U.S. government shutdown dents risk appetite
World

Gold hits new all-time high as U.S. government shutdown dents risk appetite

Gold prices rose to record highs as a U.S. government shutdown began on Wednesday. Chris Mcgrath | Getty Images News | Getty Images Gold prices soared to new highs on Wednesday, as the U.S. government entered its first shutdown in almost seven years after lawmakers failed to reach a deal on government funding. While the […]

Read More