Microsoft Has Cinderella Ending With Altman Back at OpenAI: Wedbush

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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
Dramatic ai Microsoft power upside for Microsoft ai chip n cloud ai revenue
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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. 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