OpenAI has officially closed its latest funding round, raising more than $6.6 billion in a deal that values the startup at massive $157 billion. The deal cements OpenAI’s status as one of the most valuable startups in the world, only trailing behind Elon Musk’s space exploration company SpaceX and TikTok owner ByteDance, according to CB Insights’ list of tech company valuations. The funding comes as the artificial intelligence startup has been roiled by a string of high-level departures and internal disagreement over the company’s evolution from a non-profit research lab to a producer of commercial AI products. Read more: https://lnkd.in/eV7UX93F
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Fortune reposted this
The 2024 Fortune Most Powerful Women in Business list is live today, and, I have to say, it's a fascinating mix of the most influential leaders driving today's global businesses. What makes this year's ranking stand out is the crop of leaders who have risen to power amid the generative AI frenzy—from Fei-Fei Li and Anthropic's Daniela Amodei to CFOs steering the financial health of big company AI players like NVIDIA's Colette Kress. And a new No. 1—GM chief Mary Barra. Peruse this year's list to understand which women are driving the future of the business world. And shoutout to everyone at Fortune who made this year's list happen, especially Claire Zillman, Ellie Austin, Lydia Belanger, and many more! Fortune Most Powerful Women https://lnkd.in/eSeXK7Gz
Most Powerful Women
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Y'all, the Fortune 2024 Most Powerful Women list is live! It's 100 of the most influential and fast-rising people in the business world, featuring women from six continents, 19 countries and territories, and 14 different industries. What's more, there are 26 newcomers AND a new No. 1. (Cliffhanger drama!) Huge kudos to Claire Zillman, Emma Hinchliffe, and the rest of our terrific MPW team. https://lnkd.in/e5WNiqJm
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CEO alert 🚨 Great Place To Work US CEO Michael C. Bush stopped by Fortune’s offices and snapped a photo with Fortune CEO Anastasia Nyrkovskaya.
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The Fortune Most Powerful Women list is the definitive ranking of female business leaders—and in its 27th year, it’s more competitive than ever. bit.ly/3zQni6j The 2024 MPW list ranks the 100 most powerful women globally, reflecting the global scope of corporations and the nature of executives’ work, which spans the planet. This year’s top 5 women include: ➡ General Motors CEO Mary Barra ➡ CVS Health CEO Karen S. Lynch ➡ Citi CEO Jane Fraser ➡ Accenture CEO Julie Sweet ➡ GSK CEO Emma Walmsley Read more and see the full 2024 #FortuneMPW list here: bit.ly/3zQni6j
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Fortune is hiring a full-time program director for all things BRAINSTORM. Come work with me, Michelle Berg, Maryam Banikarim 🗽🚕 ❤️ , Jason Del Rey, Allie Garfinkle, Jeremy Kahn and the entire (truly delightful!) gang: https://lnkd.in/de5R8x2i
Director of Programming, Brainstorm Franchise, Fortune Conferences
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The 2024 Fortune Most Powerful Women list is out! Mary Barra, CEO of General Motors, is at the top of the list. Of the 55 women currently leading #Fortune500 companies, Mary Barra is one of just nine who have been CEO for 10 years (or more). I'm looking forward to seeing her and other female leaders at our MPW Summit later this month. This ranking contains many insights into female leadership in business around the world. For example, 15 of the CEOs on the list are on it for the first time, and there are 9 CFOs, including one in the top 10. You can explore the list here: https://lnkd.in/ex-RaddS
Most Powerful Women
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Mary Barra is a General Motors "lifer." She first joined the automaker at just 18 thanks to a co-op through Kettering University before working her way up to the chief executive over 44 years. Now, Barra is No. 1 on our Fortune Most Powerful Women list after returning the automaker to its strongest financial position in decades during her 10-year tenure. Along the way, Barra joined an elite group. Hitting decade mark is a rarity for any public company CEO, and even more so for female leaders: The average tenure of a Fortune 500 CEO is 7.2 years for men and just 4.5 years for women. Among the 55 women who currently lead Fortune 500 companies, Barra is one of only nine who have been CEO for a decade or more. Read the latest #FortuneMPW issue of Fortune Magazine: https://lnkd.in/ePEh8PYi
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Cerebras, the AI chipmaker positioning itself as a rival to NVIDIA, is going public. On the face of it, for the exit-starved private markets in the throes of the AI boom, this can only be good news. On a high level, Cerebras is a rocket ship. Last year’s revenue was $78.7 million, up from $24.6 million the year prior. However, losses are large: $127.2 million in 2023 versus $177.7 million in the previous year. A deeper look at the filing tells a complex story. Read more in the #DataSheet newsletter:
Data Sheet: Blindsided
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Fortune reposted this
I am honored to be named once again as one of Fortune's 2024 Most Powerful Women, joining a talented group of leaders who are making significant strides across various industries. From growing up learning the values of hard work from my parents, to leading a Fortune 100 company, my intention with every step is to lift others up. This recognition isn’t just mine, it belongs to the incredible women I’ve had the privilege to work with throughout my career and the next generation of leaders coming up. It underscores the importance of continuing to drive change, particularly for women and communities of color who face a retirement gap. At TIAA, our mission is to address these disparities and ensure a more secure financial future for all Americans. https://lnkd.in/dEFn_P8T #FortuneMPW