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Microsoft eyes OpenAI integration amid leadership shakeup

Published Nov 22, 2023 04:54
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As Microsoft Corp . (NASDAQ:MSFT) navigates a pivotal moment with OpenAI, the tech giant is considering strategic options to bolster its artificial intelligence endeavors following Sam Altman's departure from OpenAI to join Microsoft. This move comes as the company aims to enhance its AI capabilities and maintain the growth of its ChatGPT subscriber base.

On Tuesday, speculation swirled regarding who might replace Altman at OpenAI, with Dario Amodei, CEO of Anthropic, being a rumored candidate. However, these rumors were quashed when Amodei dismissed the idea of either stepping in as CEO or merging with OpenAI. Amid this leadership transition, investor unrest has surfaced, potentially leading to legal challenges against OpenAI's board.

Despite these developments and a slight dip in Microsoft's stock value earlier today, the company's shares remained stable after achieving a record high on Monday. Satya Nadella, Microsoft's CEO, described Altman's move as a necessary step for governance reform at OpenAI and reassured that it does not jeopardize their long-term objectives. Nadella also suggested the possibility for OpenAI staff to join Microsoft's substantial AI division.

Analysts from Morgan Stanley highlighted Microsoft's delicate position with OpenAI, emphasizing the need to resolve executive conflicts or possibly integrate OpenAI's Research Lab into Microsoft. The focus remains on advancing Artificial General Intelligence research and securing the expansion of the ChatGPT subscriber base. Microsoft's development efforts include Azure OpenAI Services and products utilizing GPT technology.

Wall Street analysts have maintained a Strong Buy consensus on Microsoft stock after a significant rally, with projections indicating an average price target suggesting over 10% growth potential.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Microsoft eyes OpenAI integration amid leadership shakeup
 

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