Nadella Makes Bold AI Talent Grab, Hiring Fired OpenAI Leaders for New Microsoft Lab
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Microsoft CEO Satya Nadella hired fired OpenAI CEO Sam Altman and President Greg Brockman to lead a new AI lab. This was seen as a "poker move" that retained key OpenAI talent.
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Microsoft's stock fell nearly 2% after Altman's firing was announced on Friday, but has since rebounded to an all-time high, adding $63 billion in market value.
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Nadella's quick reaction was praised for preventing Altman from going to another Big Tech firm hungry for AI talent.
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OpenAI appointed former Twitch CEO Emmett Shear as interim chief, but its future remains uncertain after Microsoft's talent grab.
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While a big win for Microsoft, challenges remain - building the new lab, paying OpenAI contracts, managing costs.