Microsoft Has Cinderella Ending With Altman Back at OpenAI: Wedbush

Seekingalpha2023-11-22

The return of Sam Altman as Chief Executive of OpenAI after a bizarre five-day period that saw him fired, hired by Microsoft (NASDAQ: MSFT) CEO Satya Nadella and attempting to return to OpenAI, has ...

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MIe
2023-11-22
MIe
Dramatic ai Microsoft power upside for Microsoft ai chip n cloud ai revenue

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hired by Microsoft (NASDAQ: MSFT) CEO Satya Nadella and attempting to return to OpenAI, has resulted in a \"Cinderella ending\" for the Nadella-led tech giant, Wedbush Securities said.\"For Microsoft this all ends up like a Cinderella ending as OpenAI will be stronger from an innovation and governance perspective and the MSFT relationship will be even firmer as Redmond and Nadella was the bedrock in backing Altman and OpenAI during this almost week long saga,\" analyst Dan Ives wrote in a Wednesday investor note.\"Microsoft from the beginning wanted to keep this [ongoing] structure but ultimately had to pull the grandmaster chess move when the OpenAI board pulled out their kids checker set Friday night and began this Twilight Zone nightmare,\" Ives added.Microsoft (MSFT) invested multiple billions of dollars in OpenAI in January and reportedly owns a 49% stake in the company.Ives, who has an outperform rating and $425 price target on Microsoft (MSFT), also said the new board of directors for OpenAI is \"impressive.\"The new initial board of OpenAI will feature former Salesforce co-CEO Bret Taylor as chairman, former Treasury Secretary Larry Summers, and Quora co-founder and CEO Adam D'Angelo.The initial board will then vet and appoint a formal board up to nine people, the Washington Post reported, citing a person familiar with the matter. Helen Toner, Tasha McCauley and Ilya Sutskever will leave the board, the news outlet added.Sutskever, OpenAI's chief scientist, played a pivotal role in the initial ouster of Altman, but later said he regretted it and signed a letter (along with the vast majority of OpenAI employees) threatening to quit if Altman was not brought back.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[{"id":244265265393712,"gmtCreate":1700658971835,"gmtModify":1700658976442,"author":{"id":"3577182936341023","authorId":"3577182936341023","name":"MIe","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":5,"crmLevelSwitch":0},"htmlText":"Dramatic ai Microsoft power upside for Microsoft ai chip n cloud ai revenue&nbsp;","listText":"Dramatic ai Microsoft power upside for Microsoft ai chip n cloud ai revenue&nbsp;","text":"Dramatic ai Microsoft power upside for Microsoft ai chip n cloud ai revenue","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/244265265393712","repostId":2385656997,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":2,"commentSize":0,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2385656997"}