OpenAI: $7B Share Buyback Amid Exec Departures

OpenAI recently completed a massive $7 billion share buyback. This tender offer valued the company at an astonishing $852 billion. What's interesting is this comes alongside significant leadership changes. Both the Chief Operating Officer and the Chief Revenue Officer have departed. This news emerges even as the company projects substantial growth, expecting annual revenue to hit $40 billion by 2026. This combination of executive exits and financial maneuvers highlights a dynamic period for the AI giant.