Microsoft Gains In Premarket After OpenAI’s Ex-CEO Joins To Lead New Research Team

Sam Altman joined Microsoft on Monday, days after getting unexpectedly ousted by OpenAI.Just days after being abruptly forced out by OpenAI’s board of directors, Sam Altman has joined Microsoft (MSFT). According to an announcement on Monday, Mr. Altman will lead a new advanced AI research team at the tech corporation and will be joined by OpenAI’s co-founder and former president Greg Brockman.  Microsoft to Continue Collaboration With OpenAISam Altman, now a former CEO and ChatGPT maker OpenAI board member, joined Microsoft on Monday to lead a new advanced AI research team. Greg Brockman, co-founder and former president of OpenAI will also join the tech giant.Microsoft’s CEO Satya Nadella announced the latest twist in an unexpected saga. Meanwhile, Microsoft will “remain committed to our partnership with OpenAI and have confidence in our product roadmap, our ability to continue to innovate with everything we announced at Microsoft Ignite, and continue to support our customers and partners,” Nadella announced on X, formerly Twitter. Microsoft is OpenAI’s biggest investor. The company’s shares rose 1.8% in the premarket following the announcements. Altman retweeted Nadella’s post and added a comment: “The mission continues.”  Altman’s OustingMicrosoft’s hiring of Altman comes just days after the 38-year-old entrepreneur had been sacked by OpenAI’s board, a company he co-founded and led for the past four years. The details behind the decision remain unclear, although the board said that Altman had not been “consistently candid” in his discussions. However, there was no “malfeasance” involved, OpenAI’s COO Brad Lightcap said in a note to staff on Saturday. Altman spent the weekend leading a pressure campaign on OpenAI’s four-member board of directors who ousted him. He received significant support from the startup’s investors, employees, and OpenAI executives. Before he was sacked, the ChatGPT maker had six board members, including Altman and Brockman, who quit the company in solidarity after Altman’s ousting. What do you think was the real reason behind Altman’s ouster? Let us know in the comments below. More By This Author:No. Of Sustainability Linked Loans Issued Fell 80% YoY As ESG Sentiment SoursChinese Stocks Drop As Alibaba Rethinks Cloud Strategy Amid U.S. Chip LimitsOil Prices Rebound Slightly But on Track for Another Weekly Decline


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