Posted 11/20/2023, 3:39:52 PM
Microsoft Stocks Rise as Company Hires OpenAI Leaders Amid Leadership Turmoil at AI Startup
- Microsoft stocks head for all-time high after hiring OpenAI leaders Sam Altman and Greg Brockman
- OpenAI board ousted CEO Altman over weekend, faced pressure to reinstate him
- Hundreds of OpenAI employees call for board members to resign
- Microsoft remains committed to OpenAI partnership now led by Emmett Shear
- Altman and Brockman to lead new Microsoft AI research team
- Analyst says Microsoft hires are a "clear win" and could offset OpenAI uncertainty
- Stocks open mixed as investors eye potential Fed rate cuts
- Futures little changed to start holiday-shortened week