Microsoft shares on the Nasdaq soared to an all-time high amid news that Sam Altman joined the company. The former head of OpenAI will lead Microsoft’s AI research. Altman left OpenAI at the urging of the board of directors; the board of directors is now being asked to resign; Otherwise, more than half of OpenAI’s employees will leave to work for Microsoft.
Microsoft’s stock price on the Nasdaq stock market soared to an all-time high on Monday, November 20. According to current data at the time of this publication, the company’s shares were worth $372.65 per share, with an increase of 0.8% during the trading session. During trading, Microsoft shares rose in price by 2.8%, but subsequently their value stabilized.
The growth of Microsoft shares was affected by the news about the arrival of former OpenAI director Sam Altman to the company. He will lead the research direction in the field of artificial intelligence at Microsoft. Altman’s place at OpenAI was taken by former CEO of streaming service Twitch, Emmett Shear.
OpenAI’s board of directors fired Sam Altman due to loss of trust. Now half of OpenAI’s employees do not trust the board of directors: 505 of the company’s 700 employees signed a letter threatening to leave OpenAI for Microsoft if the board of directors did not resign.
Author:
Kirill Bilyk
Source: RB
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