Sam Altman In Discussions About OpenAI Return As Employees Revolt, Microsoft Picks Up The Pieces
Portfolio Pulse from Neil Dennis
OpenAI is facing internal turmoil with discussions about the return of ousted co-founder Sam Altman as CEO. Employees have threatened mass resignations, and Microsoft Corp (NASDAQ:MSFT) has hired Altman and Greg Brockman for a new AI research team. Microsoft's CEO Satya Nadella has expressed openness to hiring more OpenAI staff and hinted at potential changes in governance, including a possible board seat for Microsoft.
November 21, 2023 | 7:49 pm
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Microsoft has hired former OpenAI executives and is open to hiring more staff amid OpenAI's internal issues. CEO Satya Nadella suggests governance changes and a potential board seat for Microsoft at OpenAI.
The hiring of key OpenAI personnel by Microsoft and the CEO's comments on governance changes suggest a strengthening of Microsoft's position in AI. This could be viewed positively by investors, potentially leading to a short-term positive impact on MSFT's stock price.
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