Shares of Microsoft fell 1.7% on Friday, November 17, when Sam Altman was ousted from his position at OpenAI in a boardroom coup. Microsoft is the artificial intelligence firms biggest stakeholder, with a $13 billion investment in the company.Also, Greg Brockman, who co-founded OpenAI and quit after Altmans firing, is joining Microsoft.
Altmans hiring ended days of speculation that the former chief executive could return to the firm after his dramatic firing. Emmett Shear, former CEO of Amazon-owned streaming service Twitch, will replace OpenAI chief technology officer Mira Murati as interim chief executive. The post Microsoft stock hits all-time high after the company hired former OpenAI CEO Sam Altman appeared first on Swordpress.