The technology giant’s shares rose almost 2% after the opening of Wall Street to reach a new maximum price.
The agreement followed previous investments in 2019 and 2021 and extends the collaboration between both companies across AI research and supercomputing, allowing each to independently commercialize the resulting advanced AI technologies.
Microsoft, the leading technology company, announced the incorporation of Sam Altmanco-founder of OpenAI and former CEO of the company behind ChatGPTto lead an innovative research team in Artificial intelligence (IA), as confirmed by the company.
The president and CEO of Microsoft, Satya Nadella, announced this news through a post on its official profile on a social media platform, formerly known as “X” (formerly Twitter). In this announcement, Nadella revealed Altman’s integration into the Redmond-based company. Altman had been removed as CEO of OpenAI last Friday, and until Sunday there had been speculation about the possibility of his return to the company.
After the announcement, the technology giant’s shares rise almost 2% on Wall Street to reach a new intraday high price of $377.10, after the multinational has hired Altman to lead a new advanced AI research team .
However, Microsoft shares are now moderating their advance and rising 1%, until touching 374 dollars.
Microsoft: what happens to its shares
“Sam Altman and Greg Brockmanalong with their colleagues, will join Microsoft to lead a new advanced AI research team,” Nadella confirmed, expressing his hope that the company can provide them with the resources necessary for their success.
Through the same social network, Sam Altman responded to Nadella’s announcement with a brief “the mission continues“.
Regarding OpenAI, Microsoft’s top executive has stressed that the Redmond company remains committed to its partnership and maintains confidence in the product roadmap, as well as the ability to continue innovating.
“We look forward to meeting Emmett Shear and the new OAI leadership team and working with them,” he noted.
Last JanuaryMicrosoft announced a multi-year investment “in the billions of dollars” corresponding to the third phase of its long-term partnership with OpenAI to accelerate advances in AI.
The agreement followed previous investments in 2019 and 2021 and extends the collaboration between both companies through AI research and supercomputing, allowing each to independently commercialize the resulting advanced AI technologies.
Source: Ambito
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