logo
From fishing family to Big Tech: French CEO Fidji Simo joins OpenAI as second-in-command

From fishing family to Big Tech: French CEO Fidji Simo joins OpenAI as second-in-command

Malay Mail20 hours ago

NEW YORK, June 13 — At just 39 years old, Fidji Simo is poised to become OpenAI's second-in-command after leaving her mark at two other major tech firms, including Meta.
Reporting directly to CEO Sam Altman, the move to the ChatGPT-maker represents the latest chapter in a career that has taken Simo from a fishing family in France's Mediterranean port of Sete to the heights of Silicon Valley.
As the current CEO of grocery delivery platform Instacart, she cuts a unique profile: a French woman in the male-dominated American tech landscape — who resists advice to blend in.
'I can put all my energy trying to be someone else or I can be myself and pour all of that energy into what I can create,' she told CNBC in February.
This philosophy will likely be on display when she appears yesterday at the VivaTech conference in Paris.
Raised in Sete, Simo attended the elite HEC business school before joining eBay in 2006, first in France then in California.
'People expect a very business-like story for why I decided to come to the US. It wasn't. The American Dream was on TV every night and that was an incredibly appealing thing,' she said.
'Never Intimidated'
In 2011, Simo joined Facebook, now Meta. She was given responsibility for video and monetisation in 2014, a role she considers the defining moment of her career.
Simo championed the company's pivot to video, which became central to Meta's strategy despite initial internal skepticism.
'She never let herself be intimidated,' recalled David Marcus, who worked at Meta alongside Simo and now serves as CEO of online payment company Lightspark.
'She had an ability to challenge Mark (Zuckerberg) and push him, when others would have hesitated.'
Joining Instacart in 2021, Simo inherited a company that had been bleeding money for a decade.
Under her leadership, the grocery delivery platform achieved profitability in 2022 through aggressive diversification: data monetisation, expanded retail partnerships and a robust advertising business.
Now Simo faces her biggest test yet. As OpenAI's number two, she'll free up CEO Altman to focus on research and infrastructure while she tackles the company's operational challenges.
Despite being one of history's most highly funded startups and ChatGPT's phenomenal success, OpenAI is burning cash at an alarming rate.
The company has also weathered significant leadership turnover, including Altman's own brief ouster and reinstatement in 2023, raising questions about management stability.
But French investor Julien Codorniou, who worked alongside Simo at Facebook, said she will more than rise to the occasion.
'Fidji's arrival is a declaration of ambition by OpenAI,' he said. — AFP

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Meta to work with Singapore banks in sharing intelligence to combat scams
Meta to work with Singapore banks in sharing intelligence to combat scams

The Star

time29 minutes ago

  • The Star

Meta to work with Singapore banks in sharing intelligence to combat scams

SINGAPORE: Social media company Meta is aiming to roll out a shared intelligence platform with local banks in Singapore to combat the scam scourge. This comes as the company looks to form a closer partnership with the Republic's law enforcement agencies to dismantle scam syndicates. First unveiled in the United Kingdom and Australia in 2024, Meta's Fraud Intelligence Reciprocal Exchange (Fire) is a platform that allows banks to share threat intelligence with the firm directly. Speaking to the media on Thursday (June 12), Meta's Singapore and Asean head of public policy Clara Koh said the firm is ready to roll out the programme globally through an industry consortium – the Financial Services Information Sharing and Analysis Centre. She said that currently, Meta's customers who become victims of scams on its platforms have to report their experience to the firm. With Fire, Meta – the parent company of Facebook, Instagram and WhatsApp – will also be able to receive intelligence on scammers or victims from banks. Koh said the platform allows Meta to analyse data and remove the scammers' ability to commit crimes. 'But at the same time, we use the signals and patterns or behaviours of the actors to help our machine learning and artificial intelligence (AI) actually better detect the bad actors. 'So yes, we are working with a few local banks to try and get them onboarded into the programme,' she added. She said more details will be shared at a later date. During a six-month pilot with UK banks NatWest and Metro Bank, Meta was able to remove some 20,000 accounts run by scammers from 185 website addresses shared by the banks. Koh was one of the panellists at an anti-scam awareness event organised by Meta on June 12 at the firm's office at Marina One. The panel also included the Singapore Police Force's Superintendent Rosie Ann McIntyre, who is assistant director of the Scam Public Education Office's operations department, and the National Crime Prevention Council's Nicholas Khoo. Local firm Eyeyah! hosting an event to raise awareness on scams with Meta and other content creators on June 12. There will be a fireside chat with content creators, the SPF, and NCPC to explore how they can collaborate to help their audiences stay vigilant, with insights into how scammers operate and the red flags to look out for. During the discussion, Supt McIntyre said that people should not be fearful if an unknown person is attempting to call or reach them through e-mail. Instead, it is important to slow down and assess the situation. 'The important thing is not to respond immediately, not to transfer money, because once it's out, it's out. The important thing is not to click a link,' said Supt McIntyre. In 2024, victims in Singapore lost a record high of $1.1 billion to scams. In total, victims here have lost more than $3.4 billion to scams since 2019. The most common ruse in 2024 was e-commerce scams, which includes concert ticket scams, with 11,665 reported cases and victims losing at least $17.5 million in total. Job scams and phishing scams rounded out the top three scam variants of concern in 2024. Some $156.2 million was lost to job scams, while victims of phishing scams lost $59.4 million across 2024. Koh said that some scams – such as ticketing scams linked to big events like mega concerts or summits – can be anticipated, which means the authorities can prepare against a spike in fraud attempts ahead of time. But others are difficult to predict. Most scams, like love scams or impersonation scams, are evergreen, which make it challenging to get ahead of, Koh said. 'You don't know how (scams) are going to evolve over time, but they evolve extremely quickly within days. Once you try and arrest a particular variant, it pivots and evolves into something else,' she added. She said Meta is also committed to fighting the scam scourge beyond just its online platforms – highlighting the human trafficking cost that comes with scam compounds run by organised crime. 'As a platform, we want to do our best to tackle the issue as it manifests... but I think equally, we also want to take real-world action on the actual criminal syndicates that are operating these (compounds),' she said. 'So we can do our part but, at the same time, we really need different segments of the ecosystem and society to work with us on the same side to really fight this scourge.' - The Straits Times/ANN

Fast-fashion retailer Shein's transport emissions surge 13.7pc in 2024, tripling Inditex's footprint
Fast-fashion retailer Shein's transport emissions surge 13.7pc in 2024, tripling Inditex's footprint

Malay Mail

time3 hours ago

  • Malay Mail

Fast-fashion retailer Shein's transport emissions surge 13.7pc in 2024, tripling Inditex's footprint

Shein transport emissions up 13.7 per cent in 2024 2023 emissions updated to 18 per cent more than previously reported Shein's 2024 transport emissions more than triple Inditex's Shein plans to produce, package, and ship closer to customers LONDON, June 14 — Shein's carbon emissions from transporting products climbed 13.7 per cent in 2024, the online fast-fashion retailer's sustainability report showed yesterday, and its 2023 transport emissions were 18 per cent higher than previously reported after a recalculation. Shein uses mainly air freight to send cheap clothes directly from suppliers in China to shoppers in 150 markets worldwide, a more carbon-intensive supply chain model compared with traditional apparel retailers that ship more of their products on container vessels. Shein said it planned to produce, package, and ship closer to its customers as a way to lower emissions and cut delivery times and shipping costs. It increased its use of sea freight and trucking in 2024, according to the report. 'We do have localised places like Brazil, like Turkey... so all these things are in the works. Are we fast enough? Are we perfect? Of course not. There are a lot of things that we have to do,' Shein executive chairman Donald Tang said, speaking at the Viva Technology conference in Paris on Friday after the report was published. France's Senate on Tuesday approved a revised version of a fast fashion law that, if implemented, would ban advertising by Shein and its rival Temu, with French lawmakers criticising Shein's environmental footprint. Shein argues its business model allows it to produce according to demand and leaves it with less unsold inventory than traditional clothing retailers, minimising waste. Founded in China and headquartered in Singapore, Shein sources most of its products from 7,000 suppliers in China, but also has a growing network of factories in Brazil and Turkey. Emissions targets Emissions from transporting products to and between Shein facilities, and to customers, including returns, were 8.52 million metric tons of CO2 equivalent in 2024, up from 7.49 million metric tons of CO2e in 2023, according to the report. Shein's transport emissions for 2024 are more than three times those of Zara owner Inditex, which reported 2.61 million tons of CO2e for its 2024 financial year, a 10 per cent increase on 2023 as the Spanish firm also used more air freight. Shein said its 2023 emissions were recalculated after an update to its methodology. Last year it reported a 2023 figure of 6.35 million metric tons. Steep tariffs imposed by the United States on Chinese goods have made it more urgent for Shein to diversify its supplier base, as the US is its biggest market. The company aims to go public and has shifted its focus to a Hong Kong initial public offering after failing to win Chinese securities' regulatory approval to proceed with a planned London listing. Shein's emissions reduction targets, approved last month by the Science-Based Targets Initiative, are for a 25 per cent reduction in Scope 3 (indirect) emissions by 2030, compared with 2023. In the sustainability report Shein, which has also faced criticism over working conditions in its supply chain, said it ended 12 supplier relationships in 2024 due to violations of its policies, up from five in 2023. Shein conducted 4,288 on-site audits on its suppliers and subcontractors in China over the year, up from 3,990 in 2023. — Reuters

Football club investor Eagle files for US IPO, Bloomberg News reports
Football club investor Eagle files for US IPO, Bloomberg News reports

The Sun

time6 hours ago

  • The Sun

Football club investor Eagle files for US IPO, Bloomberg News reports

EAGLE Football Holdings, one of the most active investors in global football clubs, has confidentially filed for a U.S. initial public offering, Bloomberg News reported on Friday. Reuters could not immediately confirm the report. The France-based company submitted a draft registration statement to the U.S. Securities and Exchange Commission, the report added, citing a company statement. The firm has been working with UBS Group AG on the potential IPO, the report said. Eagle Football, run by U.S. businessman John Textor, holds stakes in multiple football clubs including Olympique Lyonnais, Crystal Palace and Brazil's Botafogo. The SEC and Eagle Football did not immediately respond to request for comment outside regular business hours.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store