Connect with us

    Hi, what are you looking for?

    Tech

    Microsoft Stock Hits all-time High After it Hired Former OpenAI CEO Sam Altman

    Stocks of Microsoft reached a record high on Monday, November 20 after officials said that Sam Altman, former chief executive of Artificial Intelligence company, OpenAI, will join the company to head its artificial intelligence innovation leg.

     

    Shares of the tech giants hit $377.10 on Monday morning before retreating slightly. The stock will need to close above $376.17 to notch an all-time high close.

    Microsoft stock hits all-time high after the company hired former OpenAI CEO Sam Altman

    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 firm’s biggest stakeholder, with a $13 billion investment in the company.

    Also, Greg Brockman, who co-founded OpenAI and quit after Altman’s firing, is joining Microsoft.

    Microsoft stock hits all-time high after the company hired former OpenAI CEO Sam Altman

    Altman’s 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.

     

     

    Spread the love
    Click to comment

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    ad

    You May Also Like

    Tech

    Nigerian Communications Commission (NCC) has welcomed the appointment of Mr. Idris Olorunnimbe as Chairman-designate of its Board, alongside other newly appointed members of the...

    Tech

    Nigerian Communications Commission (NCC) has reiterated its commitment to the full operationalisation of President Bola Ahmed Tinubu’s Executive Order on Critical National Information Infrastructure...

    Tech

    By Kehinde Ogundare, Country Head, Zoho Nigeria Business growth should feel energising — not like a daily struggle. When operations begin to scale, the...

    Sports

    National Basketball Association aka NBA has approved the sale of the Boston Celtics to an investment group led by American billionaire businessman, Bill Chisholm,...