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The Tech Sector Responds to a Turbulent Weekend for Microsoft and OpenAI with “Damage Control.”

The AI business has been in disarray for the past several days, and tech experts are considering the potential implications for this for the emerging industry and its major players.

The business OpenAI, which created ChatGPT and helped bring artificial intelligence (AI) to the general public, said on Friday that it was replacing CEO Sam Altman with temporary leader Mira Murati, who oversees technology.

Nevertheless, OpenAI seemed to veer off course before the weekend was even finished, revealing that Emmett Shear, the former head of Twitch, would replace Altman—at least temporarily.

Former OpenAI Board Chair Greg Brockman and a few other staff members will be joining Altman in his new position as head of Microsoft’s new advanced AI research unit.

Yet, Richard Windsor, the creator of digital research firm Radio Free Mobile, suggests that Altman’s action may just be Microsoft trying to “distress control.” On CNBC’s “Street Signs Europe” on Monday, he noted that this is related to Microsoft’s significant investments in OpenAI.

Microsoft started contributing to OpenAI in 2019 with an initial investment of about $1 billion. Since then, the amount has reportedly increased to more than $13 billion. Additionally, Microsoft has included OpenAI technology into a number of its software products as well as the Bing search engine.

“The engineers who work for the company and the founders bear a major portion of that value,” Windsor stated.

As for Microsoft CEO Satya Nadella, several IT experts support his quick decision to bring Altman on board.

On X, formerly Twitter, Aaron Levie, CEO of cloud-sharing and management business Box, wrote: “Amazing execution by Satya in one of the most dynamic moments in tech history.”

An investor at Venture Highway named Aviral Bhatnagar held a similar opinion.

“After reading this essay on X, you’ll see why Satya Nadella is among the best tech CEOs of this generation.”

“Maintained Altman’s involvement, orchestrated a smooth transition, controlled disorder and irrational decision-making, and avoided destroying OpenAI.” What a shrewd move.

Source (CNBC)

SourceCNBC
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