It was a whirlwind weekend at OpenAI after the board ousted CEO Sam Altman on Friday, which led to pleas from employees and investors to bring him back, only for him to join Microsoft (MSFT) early Monday morning after talks for him to return the company failed. RBC Capital Markets Software Equity Analyst Rishi Jaluria says the move is “a huge coup for Microsoft,” and that bringing Altman on board is “really the best-case scenario for Microsoft given everything that transpired since Friday.” As for what the move means for the Microsoft-OpenAI relationship, Jaluria expects the two companies to continue to work together, but it “remains to be seen” if Microsoft will invest net new money in the partnership. “It’s kind of Microsoft wins no mater what type scenario,” Jaluria says.
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Great insights, Thank you
Ai is dangerous to humans. Stop it now.
Great update!
Microsoft has horrible ethics. Altman will not improve Microsoft’s bad ethics or amorality. “Microsoft makes junk.” – Steve Jobs
Honestly, out of the big tech companies, Microsoft probably has one of the better ethics.
@Berrymouse Microsoft started the stack ranking firing, that other companies followed for decades. MSFT is one of the worst company for ethics.
@J J Microsoft stopped stack ranking years ago.
idk about that but windows is a terrible product
@Berrymouse I said they started it. It’s irrelevant if they stopped it nowdays. They did it for decades, and impacted tech industry horribly.
Microsoft owns it…….he is still working for Microsoft……. aren’t we overthinking this a bit????
MS doesn’t own Open Ai. They invested in it.
49%
Mostly azure credits
@Mark Mark so they have their own au?
😂😂😂😂 ya dun f’d up ChatGPT. Let the poaching begin.
Goes to Microsoft that’s where the cheese is at!!
So sad and scary as one of most genius tech heads into most evil and greedy company ever that poisons all they touch
Looks like the board fumbled the bag. Sad.
OpenAi is going to get shutdown the same way they did Atom
Huge coup…. or scripted plan? Are we really going to be this naive? Microsoft (and others) knew there were concerns surrounding AI. Having it introduced to the world via a “non-profit” company like OpenAI was extremely useful in helping ease people’s concerns. That phase is over now. The genie is out of the bottle and it’s time to maximize profits and integration: full speed ahead.
Interesting take. What makes you say the phase is over now considering that no regulations have been signed into law anywhere in the world yet? The concerns covered relate to privacy (user data) but no other areas have been covered.
interesting conspiracy theory
MSFT at the beginning, using Windows was free. After more people were using this software, B. Gates decided to charge 💵💵💵.
Chat GPT or something better will start to charge for its use in the near future.
Conspiracy theories in 2023 are just facts that haven’t been admitted to yet.@doggerel
OpenAI was going to be purchased by MS at a future date anyways. This is more or less a pre-merger ..
Open ai is controlled by a non profit. It won’t happen.
They couldn’t buy it. Hence…
Good for them to circumvent a need for the merger approval.
time for Iliya Sutskever to team up with Elon Musk
I think so too. OAI is about to get poached for more than half of their employees in one fell swoop. That, and the fact that nobody dares invest in them anymore after the beating MSFT took on the stock market last friday because of them, will mean the slow, or not so slow death of OAI. MSFT is not going to hire Ilya. He is a cowboy, and they dont want to even be associated with him. Elon on the other hand vocally supports Ilya, and seemingly would take him in.
Someday chatgpt will sold to Musk
musk was already part of openAI and left
Its a good day for AI and humans.
So, is Microsoft stating a coup against openAI here?
And the winner is Tesla
Microsoft already has everything a person needs. The upfront money so to speak.
Definitely a dumb move from OpenAI. And I thought I wouldn’t see anything dumber than Unity’s move in this year.
What’s unity done? I’m totally unaware, would you fill me in?
@Luihahaha so funny
Here’s one cluster-mess Elon Musk managed to avoid. Just one. lol
He helped recruit Ilya to Open Ai….so not really?
How did the board of OpenAi not see this coming when they decided to fire Sam? This seems like another example of a board making a stupid decision because of greed.
Unlikely
❇️ OpenAI board has been totally right, legally, ethically & morally🤏 They have built an open non-profit entity, but Altman’s greed & arrogance have steered it away to the level that he went to sell the company’s secrets to the saudi royal mafia🤏
It’s the total opposite of greed. The popular narrative is that OpenAI was not liking how much Sam was commercializing GPT and reacted far too strongly to it, and Microsoft is just taking advantage of that mistake.
Sam had to go he was trying to encrypt his partners. Msft will give him directives to follow.
Seems shady. Makes me want to support Chat GBT more than Microsoft
I also like SingularityNet
Is Ilya Sutskever mentally stable?
He doesn’t seem like he has it together emotionally or something. I wonder if he’s bipolar?
He seems to fit the profile especially after this disaster.
He’s clearly brilliant but after this failed coup d’état at the palace I wonder?
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If OpenAI staff migrates to microsoft, then OpenAI will be forced to hire new engineers with lower skills to run the biggest AI product out there, which can lead to bad outcomes
openAI is dead in the water. hiring new people might keep it afloat for a wee bit longer, but if the key visionary and 500-ish/700-ish of the staff leave, it will be a shell of its former self. msft pulling out its 49% investment of a now competiting company to it’s newly bolstered AI division will also be a massive deathblow
Treat him well…
I wonder how many people were part of this plan to bounce Microsoft stock…dip the market, heavy buys & then see your shares skyrocket
So much bullshit peddled by the so called analysts
Really intrigued by this discussion about AI! 😮 It’s amazing how much there is to explore with this technology. On my channel , we’ve been diving into similar topics, uncovering some pretty fascinating aspects of how AI is shaping our world. It’s a journey full of surprises and learning!
Still thinking it’s funny
Looks like Microsoft will acquire Open Ai or NOT sand just make a competing superior product
Nvidia should hire the remaining employees
Bank Of America is a great stock to invest and hold long term.