BlockNews
FOLLOW ON X
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
Home BREAKING NEWS

Microsoft Responds to OpenAI Crisis with Bold Compensation Promise

BlockNews.com Team by BlockNews.com Team
November 21, 2023
in BREAKING NEWS, BUSINESS, CRYPTO
Reading Time: 3 mins read
#image_title

#image_title

2
SHARES
28
VIEWS
Share on XShare in TelegramShare on Reddit
  • Microsoft’s CTO Kevin Scott has offered to match compensation for OpenAI employees who may leave after CEO Sam Altman was abruptly fired
  • Over 600 OpenAI staff signed a petition threatening to quit unless the board resigns over the surprise removal of Altman
  • OpenAI’s future leadership and direction remains uncertain; the board rapidly installed ex-Twitch CEO Emmett Shear as interim chief executive after firing Altman without clear explanation

Microsoft‘s chief technology officer Kevin Scott has offered to match the compensation of OpenAI employees who may leave the AI startup after the surprise removal of CEO Sam Altman. This comes as over 600 OpenAI staff signed a petition threatening to quit unless the board resigns.

🚨 NEWS: Microsoft CTO Kevin Scott proposes compensation match for OpenAI employees considering resignation. pic.twitter.com/a77HrQ9MT0

— BlockNews.com (@blocknewsdotcom) November 21, 2023

Microsoft Makes Offer to OpenAI Staff

In a post on Twitter, Scott said OpenAI employees have “a role at Microsoft that matches your compensation and advances our collective mission” if they want to leave. This indicates Microsoft is willing to hire a significant number of OpenAI staff at the same pay levels. However, Scott did not confirm if the offers depend on Altman also joining Microsoft.

Uncertainty Remains Over OpenAI’s Future

The future leadership of OpenAI is still unclear after the board abruptly fired Altman last Friday, claiming he was not consistently transparent in communications. Microsoft CEO Satya Nadella has said Altman, along with OpenAI co-founder Greg Brockman, would join a new Microsoft AI research group.

However, in a later interview Nadella indicated the situation had changed and OpenAI’s governance had to improve. He said Microsoft wants to continue partnering with OpenAI, which depends on key staff staying or moving to Microsoft.

OpenAI Board Appoints New Interim CEO

After Altman’s removal, ex-Twitch CEO Emmett Shear was rapidly installed as OpenAI’s interim chief executive. The board now only has four members, including chief scientist Ilya Sutskever, who expressed regret over his role in firing Altman.

The board has not provided more details on why Altman was ousted. It remains possible he could be reinstated at OpenAI, adding further uncertainty over the startup’s future leadership and direction.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: AIBusinessMicrosoftOpenAITechnology
Tweet1ShareShare
BlockNews.com Team

BlockNews.com Team

The go-to news source for Cryptocurrency, Blockchain, Technology, & Finance

DON'T MISS THESE! HOT OFF THE PRESS

BONK Gears Up for Its First ETP — Here Is Why Whales and Hype Might Finally Trigger a Breakout
CRYPTO

BONK Gears Up for Its First ETP — Here Is Why Whales and Hype Might Finally Trigger a Breakout

November 22, 2025
Uniswap Whales Are Capitulating as UNI Crashes — Here Is Why the Market Looks Fragile and Where Price Might Go Next
CRYPTO

Uniswap Whales Are Capitulating as UNI Crashes — Here Is Why the Market Looks Fragile and Where Price Might Go Next

November 22, 2025
Injective Taps Chainlink Data Streams — Here Is Why This Integration Could Supercharge Its Entire DeFi Ecosystem
CHAINLINK

Injective Taps Chainlink Data Streams — Here Is Why This Integration Could Supercharge Its Entire DeFi Ecosystem

November 22, 2025
Grayscale’s Sui Trust Lands on OTCQX — Here Is Why GSUI Isn’t an ETP Yet (and What Comes Next)
CRYPTO

Grayscale’s Sui Trust Lands on OTCQX — Here Is Why GSUI Isn’t an ETP Yet (and What Comes Next)

November 22, 2025
Cardano Shrugs Off Network Attack With Rapid Recovery — Here Is Why Hoskinson Says the System Proved Its Strength
CARDANO

Cardano Shrugs Off Network Attack With Rapid Recovery — Here Is Why Hoskinson Says the System Proved Its Strength

November 22, 2025
Solana Slides to Its Lowest Level Since June — Here Is Why the Market Looks Fragile and What Happens If SOL Can’t Break $130
CRYPTO

Solana Slides to Its Lowest Level Since June — Here Is Why the Market Looks Fragile and What Happens If SOL Can’t Break $130

November 22, 2025
Load More

Related News

BONK Gears Up for Its First ETP — Here Is Why Whales and Hype Might Finally Trigger a Breakout

BONK Gears Up for Its First ETP — Here Is Why Whales and Hype Might Finally Trigger a Breakout

November 22, 2025
Uniswap Whales Are Capitulating as UNI Crashes — Here Is Why the Market Looks Fragile and Where Price Might Go Next

Uniswap Whales Are Capitulating as UNI Crashes — Here Is Why the Market Looks Fragile and Where Price Might Go Next

November 22, 2025
Injective Taps Chainlink Data Streams — Here Is Why This Integration Could Supercharge Its Entire DeFi Ecosystem

Injective Taps Chainlink Data Streams — Here Is Why This Integration Could Supercharge Its Entire DeFi Ecosystem

November 22, 2025
Grayscale’s Sui Trust Lands on OTCQX — Here Is Why GSUI Isn’t an ETP Yet (and What Comes Next)

Grayscale’s Sui Trust Lands on OTCQX — Here Is Why GSUI Isn’t an ETP Yet (and What Comes Next)

November 22, 2025
Cardano Shrugs Off Network Attack With Rapid Recovery — Here Is Why Hoskinson Says the System Proved Its Strength

Cardano Shrugs Off Network Attack With Rapid Recovery — Here Is Why Hoskinson Says the System Proved Its Strength

November 22, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

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

Stay ahead of the herd with BlockNews

RESOURCES

  • About Us
  • Contact Us
  • Editorial Policies
  • Terms and Conditions
  • Privacy Policy
  • Sitemap

DISCLOSURES AND POLICIES

BlockNews provides independent reporting on crypto, blockchain, and digital finance. Content is for informational purposes only and does not constitute financial advice. Sponsored material is always disclosed. By using this site, you agree to our Terms and Conditions and Privacy Policy.

© 2025 BlockNews

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • LITECOIN
    • CHAINLINK
    • SUI
  • MEMECOINS
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2025 BlockNews