Sam Altman To Return As OpenAI CEO As New Board Collaborating 'To Figure Out Details'
Portfolio Pulse from Rounak Jain
Sam Altman has been reinstated as the CEO of OpenAI, with a new board being formed that includes Bret Taylor as Chair, Larry Summers, and Adam D'Angelo. This follows a period of intense drama at the Microsoft-backed OpenAI. The details of the arrangement are still being worked out, and Altman has expressed his commitment to the team and mission of OpenAI.
November 22, 2023 | 6:16 am
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Microsoft Corp. (NASDAQ:MSFT) is mentioned as a backer of OpenAI, which has reinstated Sam Altman as CEO. The company's association with OpenAI and the resolution of recent drama could influence investor sentiment.
The reinstatement of Sam Altman as CEO of OpenAI and the formation of a new board may be viewed positively by investors as it suggests stability and continued partnership with Microsoft. This could lead to a short-term positive impact on Microsoft's stock as it alleviates concerns over the recent drama at OpenAI.
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