Elon Musk 'Very Worried' About OpenAI Boardroom Battle; Ilya Sutskever 'Wouldn't Take Such Drastic Action Unless.. Absolutely Necessary'
Portfolio Pulse from Shanthi Rexaline
Elon Musk, co-founder of OpenAI and CEO of Tesla, expressed concern over the boardroom battle at OpenAI, which led to the ouster of CEO Sam Altman. Musk, who left OpenAI in 2018, is worried about the company becoming profit-driven and has previously called for regulation of AI technology. OpenAI's chief scientist, Ilya Sutskever, is rumored to be behind Altman's removal, which may be linked to Altman's efforts to start an AI chip company. OpenAI received a $10 billion investment from Microsoft in January.
November 20, 2023 | 7:58 am
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Microsoft Corp. invested $10 billion in OpenAI in January. The company's association with OpenAI could be seen positively given OpenAI's high profile in the AI industry.
Microsoft's significant investment in OpenAI places it in a positive light as the company is associated with a leading AI firm. The boardroom battle and Musk's comments may increase visibility and perceived value of Microsoft's investment, potentially having a positive short-term impact on MSFT's stock.
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