Microsoft on Pace to Hit All-Time High After Hiring OpenAI’s Sam Altman
- OpenAI co-founder Altman was fired from the startup on Friday
- Altman hiring ‘clear win’ for OpenAI investor Microsoft
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Microsoft Corp. hit a new all-time high after the software giant hired OpenAI co-founders Sam Altman and Greg Brockman to lead its new in-house advanced artificial intelligence research team.
The Redmond, Washington-based company’s shares had edged lower on Friday after Altman’s shock exit from the creator of ChatGPT. The shares recovered on Monday, closing at a record after rising 2.1%, as analysts noted that they don’t see the firing affecting the OpenAI-Microsoft relationship and said they were positive about Altman’s new role at the Windows software maker.