Microsoft And Other Investors' Seat On OpenAI's Board Seems Unlikely: Report
Portfolio Pulse from Ananya Gairola
OpenAI may not offer board seats to Microsoft Corporation (NASDAQ:MSFT) and other investors such as Khosla Ventures and Thrive Capital. This follows the recent firing of OpenAI co-founder and CEO Sam Altman. Microsoft, having invested over $10 billion in OpenAI, is a significant supporter. The new OpenAI board is expected to confirm Bret Taylor, Larry Summers, and Adam D’Angelo as directors. Microsoft's response to the situation is to await official communication from the board.
November 29, 2023 | 2:11 am
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Microsoft may not get a board seat at OpenAI despite being a major investor with over $10 billion committed. The situation follows the firing of OpenAI's CEO Sam Altman.
Being potentially excluded from OpenAI's board could impact Microsoft's influence over OpenAI's future direction and integration with Microsoft's AI initiatives. This uncertainty may concern investors and could negatively affect MSFT's stock in the short term.
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