As OpenAI's Future Hangs In The Balance, Investors Contemplate Lawsuit Following Sam Altman's Exit
Portfolio Pulse from Ananya Gairola
Sam Altman's unexpected departure as CEO of OpenAI has led investors to consider legal action against the board. Concerns about the AI startup's future and potential financial losses are heightened by talks of employee resignations. Microsoft (NASDAQ:MSFT), owning a 49% stake in OpenAI, has inducted Altman and another ousted executive into its AI research team after the board's refusal to reinstate them.
November 21, 2023 | 1:27 am
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Microsoft, as the largest shareholder in OpenAI, may face short-term stock volatility due to the legal uncertainties and leadership changes at OpenAI. The addition of Altman to Microsoft's AI team could be seen as a strategic move to maintain influence in AI development.
The news of potential legal action and unrest at OpenAI could create uncertainty for Microsoft's investment, possibly affecting its stock price. However, the incorporation of Altman into Microsoft's AI team may mitigate some negative impact by ensuring continued involvement in AI advancements.
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