Market2026-08-25

Chris Malone, who led OpenAI's data-centre work, left the company, making him the fourth senior executive to depart ahead of a planned 2027 stock market listing. The earlier exits were the chief revenue officer, the chief operating officer and Sam Altman's second-in-command. President Greg Brockman played down the turnover, and Oracle shares, tied to the Stargate data-centre venture, slipped on the news.

What changed

Malone co-led OpenAI's data-center technical engineering team after a 2026 reorganisation of the infrastructure group.

  • 4 senior executives departed
  • $750bn compute spend through 2030, up from ~$600bn
  • 10-gigawatt Ohio lease
  • up to $105bn Nvidia guarantee

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