Microsoft Emerges as Big Winner From OpenAI Turmoil With Altman on Board usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
Microsoft s shares rose as much as 2% to a record high before paring some of the gains. The company was on track to add nearly $30 billion to its market value at current levels. That was close to the valuation OpenAI commanded in its last fundraise.
Microsoft emerged on Monday as the big winner of the upheaval at OpenAI, hiring ousted CEO Sam Altman and other key staff of the startup to avert a potential flight to rivals and help deepen its lead in the artificial intelligence race.
Microsoft s shares rose about 1.5%, with the company on track to add nearly $30 billion to its market value at current levels. That was nearly equal to the valuation OpenAI commanded in its last fundraise.