BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home BREAKING NEWS

Microsoft Jumped 2% to a All-Time High of $378 and Here is Why

by BlockNews.com Team
November 20, 2023
in BREAKING NEWS, BUSINESS, CRYPTO
Reading Time: 3 mins read
A A
#image_title

#image_title

1
SHARES
17
VIEWS
Share on XShare in TelegramShare on Reddit
  • Microsoft hires former OpenAI CEO Sam Altman and co-founder Greg Brockman to lead new advanced AI research team after their departures from OpenAI leadership
  • Hirings follow Altman being ousted as OpenAI CEO and losing confidence of board; Brockman resigned as chairman but is staying as president
  • Microsoft says it remains committed to OpenAI partnership despite hiring away top talent; welcomed Altman and Brockman to new venture

Microsoft is making big moves in the AI space. The tech giant has hired former OpenAI CEO Sam Altman and co-founder Greg Brockman to lead an advanced AI research team, just days after Altman was ousted from OpenAI’s leadership.

🚨 NEWS: Microsoft $MSFT made a new all-time high of $378 following Sam Altman's hiring.

MSFT is now up 72% in 2023. pic.twitter.com/GO158jNVcI

— BlockNews.com (@blocknewsdotcom) November 20, 2023

Microsoft Stock Jumps on AI News

Microsoft’s stock rose 1.5% in early trading Monday following the announcement about Altman and Brockman on Sunday. The company’s shares closed at $369.67 on Friday and were trading around $375.31 Monday morning.

The hirings come after a turbulent few days at OpenAI, the maker of ChatGPT. On Friday, Altman stepped down as CEO after losing the confidence of OpenAI’s board. Co-founder Greg Brockman also resigned as chairman but is staying on as president.

The Leadership Shakeup at OpenAI

Altman’s departure came after OpenAI’s board determined he had not been fully transparent in his communications with them. This hindered the board’s ability to fulfill its duties, prompting the leadership change.

After Altman and Brockman left, over 500 OpenAI employees signed a letter demanding the board resign over how they handled the situation. OpenAI appointed CTO Mira Murati as interim CEO while beginning a search for a permanent chief executive.

Microsoft’s Commitment to OpenAI Partnership

Despite hiring away OpenAI’s top talent, Microsoft says it remains committed to its business partnership with OpenAI.

Microsoft CEO Satya Nadella welcomed Altman and Brockman to the company’s new venture but said Microsoft still has confidence in its OpenAI partnership. Nadella said he looks forward to working with new OpenAI interim CEO Emmett Shear.

A New Chapter for AI Research

In a tweet, Brockman said the new Microsoft team will “build something new” under Altman’s leadership. The initial leadership will also include former OpenAI researchers Jakub Pachocki, Szymon Sidor, and Aleksander Madry.

Altman and Brockman’s high-profile hirings underscore Microsoft’s ambitions in artificial intelligence. With two of OpenAI’s founding members now on board, Microsoft is positioning itself at the forefront of advanced AI research and development.

Tags: BitcoinBlockchainBusinesscryptoWeb3
TweetShareShare
Previous Post

Celsius Revival Plan Stumbles Amid SEC Demands for More Information

Next Post

Mass Exodus Looms at OpenAI Over Leadership Controversy

DON'T MISS THESE! HOT OFF THE PRESS

Anime 2.0 Revealed: Studio Azuki and the New Wave of Anime Storytelling
CRYPTO

Anime 2.0 Revealed: Studio Azuki and the New Wave of Anime Storytelling

July 1, 2025
Pi Coin in July 2025: Rebound Brewing or Another Breakdown?
CRYPTO

Pi Coin in July 2025: Rebound Brewing or Another Breakdown?

July 1, 2025
VeChain Struggles to Regain Steam After December Peak
CRYPTO

VeChain Struggles to Regain Steam After December Peak

July 1, 2025
Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party
CRYPTO

Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

July 1, 2025
Toncoin and Telegram: The Sleeping Giant of 2025?
BITCOIN

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL
BITCOIN

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

July 1, 2025
Load More

Related News

Anime 2.0 Revealed: Studio Azuki and the New Wave of Anime Storytelling

Anime 2.0 Revealed: Studio Azuki and the New Wave of Anime Storytelling

July 1, 2025
Pi Coin in July 2025: Rebound Brewing or Another Breakdown?

Pi Coin in July 2025: Rebound Brewing or Another Breakdown?

July 1, 2025
VeChain Struggles to Regain Steam After December Peak

VeChain Struggles to Regain Steam After December Peak

July 1, 2025
Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

July 1, 2025
Toncoin and Telegram: The Sleeping Giant of 2025?

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.