{"id":36167,"date":"2023-11-21T13:41:54","date_gmt":"2023-11-21T13:41:54","guid":{"rendered":"https:\/\/microloannexus.com\/investing\/microsoft-hires-sam-altman-it-wont-solve-the-companys-openai-problem\/"},"modified":"2023-11-21T13:41:55","modified_gmt":"2023-11-21T13:41:55","slug":"microsoft-hires-sam-altman-it-wont-solve-the-companys-openai-problem","status":"publish","type":"post","link":"https:\/\/microloannexus.com\/?p=36167","title":{"rendered":"Microsoft Hires Sam Altman. It Won&#8217;t Solve the Company&#8217;s OpenAI Problem."},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-BAR-0000804737\">\n<p>Microsoft has hired<br \/>\n      Sam Altman,<br \/>\n       stopping one of the biggest names in artificial intelligence from joining a rival. It\u2019s a clever move but the software firm still has its work cut out to contain the fallout from Altman\u2019s firing at OpenAI.<\/p>\n<p>\n        Microsoft<br \/>\n       (ticker: MSFT) said overnight on Sunday that former OpenAI CEO Altman and former OpenAI President Greg Brockman would both join the company to lead a new advanced AI research team.\u00a0<\/p>\n<div class=\"paywall\">\n<p>Microsoft stock rose 2% on Monday to a record $377.44. The stock dropped 1.7% Friday, when news of Altman\u2019s dismissal from OpenAI broke. <\/p>\n<p>The news of Altman\u2019s hiring at Microsoft came after fraught efforts to restore him at OpenAI faltered late Sunday, with the ChatGPT developer\u2019s board refusing to agree to the proposed terms of his reinstatement. Microsoft has a 49% stake in OpenAI but couldn\u2019t overcome resistance to Altman\u2019s return from the board that fired him last week.\u00a0<\/p>\n<p>Having Altman working on AI for Microsoft is infinitely preferable for the company than having him join a rival such as Google-parent<br \/>\n        Alphabet<br \/>\n       (GOOGL) or<br \/>\n        Amazon.com<br \/>\n       (AMZN). However, Microsoft will have a delicate task to balance its support of Altman running its in-house team and still working with OpenAI.<\/p>\n<p>\u201cWe remain committed to our partnership with OpenAI and have confidence in our product road map,\u201d Microsoft CEO Satya Nadella said in a statement.\u00a0<\/p>\n<p>Nadella also said that Microsoft looked forward to getting to know OpenAI\u2019s new interim CEO, Emmett Shear, former chief executive of live video streaming platform Amazon-owned Twitch.<\/p>\n<p>Microsoft will now find itself torn deciding how to divide its backing and resources between OpenAI and Altman\u2019s team at Microsoft. While the natural course might look to be to support Altman and future technology that Microsoft has full control over, it has already reoriented a large part of its business around OpenAI\u2019s software and poured billions of dollars into its funding rounds. Those are ties that can\u2019t be undone quickly. <\/p>\n<p>Microsoft will have to contend with what Altman\u2019s firing has revealed about its effective lack of control over OpenAI and its board, which is tasked with making social good a priority over profit.<\/p>\n<p>More than 500 employees of OpenAI have threatened to resign from the company if the current board doesn\u2019t resign\u00a0and reinstate Altman, <em>The Wall Street Journal<\/em> reported, citing a letter to the board. <\/p>\n<p>Meanwhile, the costs of Altman\u2019s team will now be borne on Microsoft\u2019s balance sheet and the company will have to deal directly with Altman\u2019s other ambitions, which included ventures for a consumer hardware device and a low-cost AI chips start-up, according to T<em>he Wall Street Journal<\/em>. <\/p>\n<p>\u201cI\u2019m super excited to have you join as CEO of this new group, Sam, setting a new pace for innovation. We\u2019ve learned a lot over the years about how to give founders and innovators space to build independent identities and cultures within Microsoft,\u201d Nadella said in a post on social-media platform, X, formerly Twitter, directed at Altman. <\/p>\n<p>Write to Adam Clark at adam.clark@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/articles\/microsoft-hires-sam-altman-openai-stock-price-e94f71a5?mod=investing\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Microsoft has hired Sam Altman, stopping one of the biggest names in artificial intelligence from joining a rival. It\u2019s a clever move but the software firm still has its work cut out to contain the fallout from Altman\u2019s firing at OpenAI. Microsoft (ticker: MSFT) said overnight on Sunday that former OpenAI CEO Altman and former<\/p>\n","protected":false},"author":1,"featured_media":36168,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[],"class_list":{"0":"post-36167","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.12 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Microsoft Hires Sam Altman. It Won&#039;t Solve the Company&#039;s OpenAI Problem. | Micro Loan Nexus<\/title>\n<meta name=\"description\" content=\"Microsoft has hired Sam Altman, stopping one of the biggest names in artificial intelligence from joining a rival. 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