Microsoft's Housing Plan For OpenAI Staff Paused Following Sam Altman's CEO Reinstatement: Report
Portfolio Pulse from Benzinga Neuro
Microsoft Corp. (NASDAQ:MSFT) had plans to accommodate OpenAI staff in its San Francisco LinkedIn offices following Sam Altman's temporary removal as CEO. The company was preparing resources, including MacBook laptops and training clusters, for OpenAI's team. However, with Altman's reinstatement as CEO, the move might be halted. This comes amid internal discontent at Microsoft due to pay disparities, especially during a period of layoffs and salary freezes. Microsoft, a major investor in OpenAI, also sought to implement management changes at OpenAI to maintain strategic oversight.
November 23, 2023 | 4:09 am
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Microsoft's halted plan to integrate OpenAI staff may ease internal discontent over pay disparities but raises questions about its investment strategy in OpenAI.
The news indicates a pause in Microsoft's plans, which may reduce internal tensions over pay disparities but also reflects uncertainty in its strategic partnership with OpenAI. The short-term impact on MSFT's stock is likely neutral as the market digests the implications of these leadership and strategic changes.
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