financetom
Technology
financetom
/
Technology
/
Whether people stay at Open AI or come to Microsoft, open to both options, says Microsoft CEO Satya Nadella
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Whether people stay at Open AI or come to Microsoft, open to both options, says Microsoft CEO Satya Nadella
Nov 21, 2023 12:37 AM

Microsoft CEO Satya Nadella is open to both options when it comes to Open AI employees - whether they choose to stay put or join Microsoft. "At this point, I only care about just making sure that we continue to innovate, but I am open to both options," Nadella told CNBC in an exclusive interaction.

Nadella finds himself at the centre of a dramatic corporate overhaul where Open AI CEO Sam Altman was fired by its board over the weekend, only to begin negotiations to bring him back soon after.

But before talks could progress, Nadella, CEO of the software giant, that has invested $13 billion in Open AI, announced that Altman will be joining Microsoft and will lead the in-house AI lab.

Nearly all Open AI employees have threatened to quit unless the board stepped down with both Microsoft and Salesforce putting out offers to poach the disgruntled employees.

"Microsoft has all the capability to do it (innovate) on its own, but we exclusively chose to partner wit Open AI and we want to continue doing that," Nadella said, adding that he and Microsoft remain committed to that Open AI partnership as well as the ousted Open AI CEO Altman.

The Microsoft CEO further mentioned that he wants to give both Sam Altman and Open AI Co-Founder Greg Brockman "a fantastic home at Microsoft, if they are not going to be at Open AI."

Nadella also added that Microsoft has all the technology and capability to keep innovating on the products up and down the stack. "What we are not going to do, is stop innovating," he said.

Shares of Microsoft ended over 2% higher on Monday at a record high of $377.44. The stock has gained nearly 60% so far in 2023. This is Microsoft's best annual return so far since 1999.

(Edited by : Amrita)

First Published:Nov 21, 2023 9:37 AM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Critical Insights From Dave Analyst Ratings: What You Need To Know
Critical Insights From Dave Analyst Ratings: What You Need To Know
Jun 27, 2024
In the latest quarter, 9 analysts provided ratings for Dave ( DAVE ) , showcasing a mix of bullish and bearish perspectives. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 2 7 0 0...
10 Analysts Assess Guidewire Software: What You Need To Know
10 Analysts Assess Guidewire Software: What You Need To Know
Jun 27, 2024
10 analysts have shared their evaluations of Guidewire Software ( GWRE ) during the recent three months, expressing a mix of bullish and bearish perspectives. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total...
Inquiry Into GameStop's Competitor Dynamics In Specialty Retail Industry
Inquiry Into GameStop's Competitor Dynamics In Specialty Retail Industry
Jun 27, 2024
In today's rapidly changing and highly competitive business world, it is vital for investors and industry enthusiasts to carefully assess companies. In this article, we will perform a comprehensive industry comparison, evaluating GameStop ( GME ) against its key competitors in the Specialty Retail industry. By analyzing important financial metrics, market position, and growth prospects, we aim to provide valuable...
Top US carriers say roaming customers facing connectivity issues
Top US carriers say roaming customers facing connectivity issues
Jun 27, 2024
(Reuters) - Major U.S. telecom service providers said on Thursday some of their users traveling overseas were having connectivity problems due to an issue at a partner network provider. In statements to Reuters, Verizon, AT&T ( T ) and T-Mobile US ( TMUS ) said they were working to resolve the issue but did not provide details on the extent...
Copyright 2023-2025 - www.financetom.com All Rights Reserved