Microsoft's stock soars high after hiring former OpenAI boss Sam Altman
By MYBRANDBOOK
Microsoft's stock price hit an all-time high on Monday, following former OpenAI CEO Sam Altman joining the Big Tech giant. Shares climbed as much as 2% and the increase added $54 billion of market value to the tech giant and extended its year-to-date stock gain to 57%. The stock rose soon after Microsoft CEO Satya Nadella announced that the company had hired Altman as well as former OpenAI president Greg Brockman.
"We're extremely excited to share the news that Sam Altman and Greg Brockman, together with colleagues, will be joining Microsoft to lead a new advanced AI research team," Nadella said on X, formerly known as Twitter. "We look forward to moving quickly to provide them with the resources needed for their success."
Altman reshared Nadella's post, adding, "The mission continues."
In a shocking move last Friday, Altman was ousted from OpenAI with the ChatGPT developer's board saying it no longer had "confidence in his ability to continue leading".
The board appeared to consider reversing that decision at the weekend, with Altman sharing a picture of himself at OpenAI's HQ Sunday. Cut it has been reported early Monday that discussions had fallen apart, with former Twitch CEO and cofounder Emmett Shear subsequently named interim CEO.
Microsoft's hiring of Altman will reassure shareholders who were worried he would start a new company and launch a competitor to ChatGPT. Microsoft is OpenAI's largest shareholder and has incorporated the intelligent language tool into its search engine, Bing.
BREAKING NEWS
TECHNO TRENDS
Microsoft to build a new data centre to support Thailand's tec
Microsoft has revealed intentions to construct a regional data centre as w...
SAP launches cloud services to help Indian scaleups innovate m
SAP at SAP unveils now "GROW with SAP for Scaleups," a new cloud service d...
Denodo and Sonata form alliance to unlock data-to-value creati
Denodo and Sonata Information Technology India Limited (SITL) have annou...
Google Play Store will now let users download two apps simulta
Google Play Store now lets users download two apps simultaneously. While a...
E-Magazine
TECHNOTAINMENT
ED attaches Raj Kundra, Shilpa Shetty’s Rs 97 crore worth as
The Enforcement Directorate (ED) has seized businessman Raj Kundra's pro
Salman Khan trolled for singing with B Praak at Anant Ambani's
To celebrate Mukesh Ambani's youngest son Anant Ambani’s 29th birthday
MOVERS & SHAKERS
DigiCert names Atri Chatterjee as CMO
DigiCert has announced the appointment of Atri Chatterjee as Chief Market
Amagi names its Chief Product Officer
Amagi announced the appointment of Richard Perkett as its Chief Product Of
OPEN YOUR EYES
INTERVIEWS
Check Point takes pride in providing customers with the best c
Check Point has categorized its 80 products and technologies into four main
IceWarp positioning itself as a disruptor in the Email and col
Post pandemic, the digital evolution has evolved. With most organizations a
HOT PICK
COLORFUL rolls out an array of gaming laptops
COLORFUL launched its incredible series of COLORFUL EVOL P15 gaming laptop
Dell Technologies launches new AI-powered commercial PC portfo
Dell Technologies has launched the broadest portfolio of commercial AI lap
MAKE IN INDIA BRANDS
EXIDE INDUSTRIES LTD.
POLYCAB INDIA PVT. LTD.
DELL TECHNOLOGIES INDIA PVT. LTD.
DIGISOL SYSTEMS LTD.
EMINENT CIO'S OF INDIA
ICONS OF INDIA
Technology Icons Of India 2023: Kumar Mangalam Birla
Aditya Birla Group chairman Kumar Mangalam Birla’s return to Vodafon...
Technology Icons Of India 2023: Shailender Kumar
Shailender Kumar is senior vice president and regional managing direct...
Technology Icons Of India 2023: Hari Om Rai
Hari Om Rai is the Co-founder, Chairman & Managing Director of Lava In...
PARTNER SPEAKERS
PSU
BSE provides highly secure, efficient and transparent market for trading
BSE (formerly known as Bombay Stock Exchange Ltd.) is Asia's first & t...
GSTN aims to integrate indirect tax ecosystem on a shared IT infrastructure
Goods and Services Tax Network (GSTN) has built Indirect Taxation plat...
INDIANOIL helps reach precious petroleum fuels to every nook and corner of the country
IndianOil, a diversified, integrated energy major with presence in alm...
VIDEOS
Top 25 Brands
Value-Added Distribution
B D SOFTWARE
BD Software is the distributor of IT security solutions in India. The ...
BEETEL TELETECH LTD.
: Beetel is one of the oldest and most reputed brands in the Industry,...
R P TECH INDIA
R P Tech is recognized for its diverse products portfolio, value-add...
ITFORUM 2024
WIITF 2024
CMO of the Year
WOMEN LEADERSHIP
EMINENT CIO's OF INDIA
TRENDS IN TECHNOLOGY
MORE VIDEOS
ADVERTISEMENTS
TECHNOLOGY DISRUPTION
UNICORNS REVOLUTIONISING
