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Satya Nadella Confirms: Fmr OpenAI CEO Sam Altman Will Join Microsoft

George Georgiev Nov 20, 2023 09:43
Sam Altman will be joining Microsoft following the OpenAI fiasco.

The tech world was taken by storm throughout the past few days with the news of the board of directors of OpenAI ousting Sam Altman – the co-founder and CEO of the company, from his position.

The news came on Friday, and Mira Murati – the firm’s chief technology officer – was supposed to assume Altman’s position immediately.

Multiple reports started circling in relation to one of the most important partnerships of OpenAI – that with the tech behemoth Microsoft. Semafor reported that only a fraction of Microsoft’s $10 billion investment in the startup has been wired to the company. The rest, according to sources familiar with the matter, had been divided into certain tranches in the form of cloud computing purchases.

That said, Satya Nadella, the CEO of Microsoft, came up with an official statement less than a couple of hours ago, reaffirming their commitment to the company while also dropping another tremendous piece of news.

… we’re extremely excited to share the news that Sam Altman and Greg Brockman, together with colleagues, will be joining Microsoft to lead a new advanced AI research team. We look forward to moving quickly to provide them with the resources needed for their success.

AI-related cryptocurrencies move in line with the current market without any major deviations spawned because of the OpenAI news.

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George Georgiev

Georgi Georgiev is CryptoPotato's editor-in-chief and seasoned writer with over four years of experience writing about blockchain and cryptocurrencies. Georgi's passion for Bitcoin and cryptocurrencies bloomed in late 2016 and he hasn't looked back since. Crypto’s technological and economic implications are what interest him most, and he has one eye turned to the market whenever he’s not sleeping. Contact George: LinkedIn

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