‘We Will Continue…’: Microsoft, OpenAI’s Significant Investor, Reacts After Sam Altman’s Exit – News18

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‘We Will Continue…’: Microsoft, OpenAI’s Significant Investor, Reacts After Sam Altman’s Exit – News18


Microsoft Chairman and CEO Satya Nadella.

Microsoft CEO Satya Nadella says the corporate stays dedicated to its partnership with OpenAI, and the businesses will collectively proceed to ship the significant advantages of this know-how to the world

Hours after OpenAI fired its CEO Sam Altman, tech big Microsoft CEO Satya Nadella on Friday stated the corporate stays dedicated to its partnership with OpenAI, and the businesses will collectively proceed to ship the significant advantages of this know-how to the world.

Microsoft earlier this 12 months invested $10 billion in OpenAI, making it a big investor within the agency with a 49 per cent stake. The tech big additionally invested $1 billion in 2019 and had one other funding spherical in 2021. The $80-billion OpenAI works intently with Microsoft’s cloud service Azure

In a put up on X on Friday, Satya Nadella stated, “As you saw at Microsoft Ignite this week, we’re continuing to rapidly innovate for this era of AI, with over 100 announcements across the full tech stack – from AI systems, models, and tools in Azure, to Copilot. Most importantly, we’re committed to delivering all of this to our customers while building for the future.”

“We have a long-term agreement with OpenAI with full access to everything we need to deliver on our innovation agenda and an exciting product roadmap; and remain committed to our partnership, and to Mira and the team. Together, we will continue to deliver the meaningful benefits of this technology to the world,” he stated.

OpenAI’s board sacked Sam Altman as the corporate’s CEO and director on Friday.

In a press release, the corporate stated, “Altman’s departure follows a deliberative review process by the board, which concluded that he was not consistently candid in his communications with the board, hindering its ability to exercise its responsibilities. The board no longer has confidence in his ability to continue leading OpenAI.”





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