OpenAI restructures with executive departures as Sora video app shuts down
On Friday, three executives from OpenAI announced their resignations as the company streamlines its operations. The departing individuals include Kevin Weil, VP of OpenAI for Science, Bill Peebles, who managed the Sora video application, and Srinivas Narayanan, CTO of B2B Applications. OpenAI is discontinuing various side projects, including Sora, which incurred daily losses of $1 million before its cancellation last month. The company reported a revenue of $13.1 billion for 2025 and achieved an $852 billion valuation following the largest funding round in Silicon Valley's history. Efforts from OpenAI for Science will now be merged into teams focused on model development, product, and infrastructure. Recent organizational changes also involve Brad Lightcap's new position, Fidji Simo's medical leave, and Kate Rouch's exit, as OpenAI prioritizes business products and a unified app.
Key facts
- Three OpenAI executives announced departures on Friday
- Kevin Weil, Bill Peebles, and Srinivas Narayanan are leaving
- OpenAI is shutting down side projects like Sora video app
- Sora was burning through roughly $1 million daily in computing expenses
- OpenAI reported $13.1 billion in revenue for 2025
- Company recently closed largest funding round in Silicon Valley history with $852 billion valuation
- Prism research tool will become part of OpenAI's Codex team
- OpenAI is developing single app combining ChatGPT, Codex, browsing, and other features
Entities
Artists
- Kevin Weil
- Bill Peebles
- Srinivas Narayanan
Institutions
- OpenAI
- Meta
- Apple
- TechCrunch
- Bloomberg
- Getty Images
- Wired
Locations
- Silicon Valley
Sources
- Quartz —
- TechCrunch AI —