In recent days, the high-tech industry has been thrown into turmoil following the impeachment case of Sam Altman, the CEO of OpenAI. The board of directors of the artificial intelligence company that created ChatGPT decided to remove the founder, leading to an immediate impact on Microsoft’s stock. However, after Microsoft’s CEO Satya Nadella announced that Altman and Greg Brockman would join Microsoft to lead a new advanced research team in the field of artificial intelligence, Microsoft shares rose 1.5% in opening trade.
The ouster of Altman was largely successful due to the corporate structure of OpenAI, where investors did not have a seat on the board of directors to prevent such coups. This unusual corporate structure has raised concerns and investors may consider it as a lesson when making future investments in companies. Despite the controversy, Altman’s new role at Microsoft is seen as strategically important for the company and its future in artificial intelligence. Meanwhile, Emmett Shir has been appointed as interim CEO of OpenAI until a permanent CEO is found.