OpenAI Investors Considering Suing The Board After CEO's Abrupt Firing
Portfolio Pulse from Charles Gross
Investors in OpenAI are contemplating legal action against the board following the sudden termination of the company's CEO, as reported by Reuters citing sources. Microsoft (MSFT), which has invested in OpenAI, may be affected by these developments.
November 20, 2023 | 10:40 pm
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Microsoft, as an investor in OpenAI, could face indirect repercussions due to the potential legal actions against OpenAI's board after the CEO's firing.
While Microsoft is not directly involved in the legal dispute, its association and investment in OpenAI could lead to negative sentiment among investors, potentially affecting MSFT's stock price in the short term. The uncertainty surrounding the legal situation and its outcomes could create a cautious atmosphere among shareholders.
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