Sam Altman Is Back at OpenAI. What Does That Mean for Microsoft Stock?

9
Comment
1

Sam Altman Is Back at OpenAI. What Does That Mean for Microsoft Stock?

InvestorPlace2023-11-23

Microsoft (MSFT) stock gained 1.3% despite news that Sam Altman is returning to his role as OpenAI CEO.OpenAI’s Board of Directors will also undergo some major changes.Altman’s return to OpenAI ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

No comments yet

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1152218903?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-11-23 10:30","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1152218903","market":"us","top_or_hot":-1,"title":"Sam Altman Is Back at OpenAI. What Does That Mean for Microsoft Stock?","media":"InvestorPlace","content":"<div>\n<p>Microsoft (MSFT) stock gained 1.3% despite news that Sam Altman is returning to his role as OpenAI CEO.OpenAI’s Board of Directors will also undergo some major changes.Altman’s return to OpenAI ...</p>\n\n<a href=\"https://investorplace.com/2023/11/sam-altman-is-back-at-openai-what-does-that-mean-for-microsoft-msft-stock/\">Source Link</a>\n\n</div>\n","source":"investorplace_stock_picks","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sam Altman Is Back at OpenAI. What Does That Mean for Microsoft Stock?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSam Altman Is Back at OpenAI. What Does That Mean for Microsoft Stock?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-11-23 10:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2023/11/sam-altman-is-back-at-openai-what-does-that-mean-for-microsoft-msft-stock/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Microsoft (MSFT) stock gained 1.3% despite news that Sam Altman is returning to his role as OpenAI CEO.OpenAI’s Board of Directors will also undergo some major changes.Altman’s return to OpenAI ...</p>\n\n<a href=\"https://investorplace.com/2023/11/sam-altman-is-back-at-openai-what-does-that-mean-for-microsoft-msft-stock/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MSFT","symbol_name":"微软","start_time":0,"source_url":"https://investorplace.com/2023/11/sam-altman-is-back-at-openai-what-does-that-mean-for-microsoft-msft-stock/","article_id":"1152218903","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1152218903","pubTimestamp":1700706600,"sourceInfo":{"source_id":"investorplace_stock_picks","name":"InvestorPlace stock picks"},"weMediaInfo":null,"summary":"MSFT stock shouldn't be too affected over the long term","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"MSFT":"微软"},"translate_title":"山姆·奥特曼回到了OpenAI。这对微软股票意味着什么？","themeId":"c7dbc6da1d5a4f18a5e99f8bf084d2a1","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MSFT":1.1},"content_text":"Microsoft (MSFT) stock gained 1.3% despite news that Sam Altman is returning to his role as OpenAI CEO.OpenAI’s Board of Directors will also undergo some major changes.Altman’s return to OpenAI shouldn’t have a major impact on MSFT stock over the longer term.Source: Ascannio / Shutterstock.comMicrosoft (NASDAQ:MSFT) stock gained 1.3% on Thursday even though Sam Altman is returning to his post as CEO of OpenAI. The latter company is the innovator behind ChatGPT, the popular artificial intelligence (AI) chatbot.Altman was fired by OpenAI’s Board of Directors last Friday. Over the weekend, Microsoft subsequently announced that the executive would head up a new AI research operations team at the software giant. As of today, though, Altman is now headed back to OpenAI.Altman’s Return to OpenAIIndeed, Altman will be restored to his previous post as CEO of OpenAI, which the company disclosed this morning via an announcement on X, the platform formerly known as Twitter. According to CNBC, OpenAI had come under “immense pressure from employees and investors” in the wake of its ouster of the AI executive.Also noteworthy is that the board will undergo a shake-up, with former Salesforce (NYSE:CRM) co-CEO Bret Taylor and former U.S. Treasury Secretary Larry Summers joining the table. Taylor will also become Chairman of the Board of Directors at OpenAI.What This Means for Microsoft and MSFT StockIs Altman going back to OpenAI a big loss for Microsoft?Well, on the one hand, Altman is clearly a great manager; OpenAI and ChatGPT have been extremely successful under his tenure. Moreover, Y Combinator — the company where Altman previously served as President — successfully helped startups like Airbnb (NASDAQ:ABNB) and Reddit get up and running. In the wake of Altman’s firing, many other talented employees also indicated that they would readily follow the executive to Microsoft.Still, Microsoft has the ability and willingness to spend a great deal of money on its AI ventures. After all, the firm’s capital expenditures soared to $10.7 billion in the fiscal third quarter, largely due to its investments in new data centers to support its AI initiatives.Given the huge amounts that Microsoft is willing to invest in its AI endeavors, the company will likely have little trouble attracting talent that’s as impressive as Altman and his colleagues. Consequently, I don’t expect today’s news to have a major impact on MSFT stock.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":9,"commentSize":0,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false}}