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Heard on the Street Recap: AI Drama
S.Brown3 months ago
It's been a bizarre few days in the artificial-intelligence world. More than 700 employees of OpenAI have threatened to leave the company if the current board doesn’t resign and reinstate former Chief Executive Sam Altman and former President Greg Brockman.
It seemed like a demand that might have arrived too late. Microsoft said late Sunday that it was hiring Altman and Brockman and was opening its doors to more joining from the company behind viral chatbot ChatGPT. Microsoft shares closed at an all-time high on the news.
Whatever the ultimate outcome of the latest twist, Microsoft appears to have shielded itself from the worst of the fallout, writes Heard on the Street columnist Dan Gallagher . Hiring Altman and other key OpenAI talent would give Microsoft more direct control over the technology that is seen as key to its future. Having Altman return to OpenAI under a different leadership structure could accomplish much of the same, given that OpenAI will still need Microsoft’s financial support and computing backbone to develop its technology, he says.Read the full article:https://www.wsj.com/livecoverage/stock-market-today-dow-jones-11-20-2023/card/heard-on-the-street-recap-ai-drama-d2G9jjWyBOD5YMgNYBK4
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