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Best Mid Cap Growth Stocks Exclusive Stock Market Predictions ✌️【Stock Resources】✌️ Free access to stock market forums, expert advice, and real-time data to help you stay informed and grow your investments. Microsoft announced that Altman and several other key members of OpenAI would join the company to help with its artificial intelligence innovation. Its plan to integrate the ChatGPT braintrust under its own brand could turbo-charge the expansion of AI-powered tools, potentially realizing the worst fears of the OpenAI founders who feared the dangerous-in-the-wrong-hands technology could be rolled out too quickly in the effort to turn a profit.

In short:The OpenAI board abruptly fired its CEO and co-founder, Sam Altman, on Friday, setting off a chaotic weekend in which the board tried and failed to undo the decision. Within 48 hours, Microsoft had announced that it had tapped Altman to lead a new in-house AI group.

Best Mid Cap Growth Stocks Exclusive Stock Market Predictions ✌️【Stock Resources】✌️ Get precise stock market predictions and free access to real-time market data for efficient decision-making and portfolio growth. The anger within OpenAI spilled over on Monday, more than 500 of its employees threatened to quit unless they get Altman back and the current board resigns.

Best Mid Cap Growth Stocks Exclusive Stock Market Predictions ✌️【Stock Resources】✌️ Expert analysis of global stock trends, futures data, and real-time stock market quotes to help you plan your next investment move. The news that Altman and another OpenAI co-founder, Greg Brockman, would defect drove Microsoft’s shares to arecord highon Monday.

On Monday, Microsoft CEO Satya Nadella conceded in interviews with CNBC and 【 - Free Expert-Led Investment Training 】 contributor Kara Swisher on her podcast, “On with Kara Swisher,” that the battle over Altman isnot yet over. He acknowledged Altman may ultimately return to lead OpenAI if the hundreds of employees who threatened to resign are successful in their attempt to lure him back.

However, Microsoft has already won the war: It is OpenAI’s most important stakeholder, with a promised $13 billion investment. That means Nadella and Co. get Altman either way: They can have their AI cake and eat it, too.

“All those VCs and sovereign wealth funds would have lined up to give Altman whatever money he needed to do whatever thing he wanted to,” said Jason Schloetzer, an associate professor at Georgetown’s McDonough School of Business.

Best Mid Cap Growth Stocks Exclusive Stock Market Predictions ✌️【Stock Resources】✌️ Free real-time global stock trend updates to help you capture market movements and make better investment decisions. Altman is the AI date everyone wants to bring to the prom. In the past year, he has become the public face of the industry, and was instrumental in forging OpenAI’s partnership with Microsoft, which began in 2019. And last year, he introduced ChatGPT to the world, a technology that has become synonymous with AI and made its promise real and tangible to millions of people who had no idea software was capable of approximating something this … human.

But Altman is not the ultimate prize: Leadership in the artificial intelligence space is. The technology is either being used or has broad implications to shakeup every industry: from driverless cars, to finance, to the classroom, to journalism – even art and music.

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If Altman ultimate joins Microsoft, it “will be able to harness a lot of the progress that was made at OpenAI more directly rather than at arms-length,” said Gil Luria, managing director and senior software analyst at D.A. Davidson. “[Microsoft] now controls the team that has made this remarkable progress, which puts them in a position to control the development path for this technology for the next several years.”

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“When you use the OpenAI standards, you’re using Azure,” he said. “The biggest benefit to Microsoft from this OpenAI relationship was reinvigorating growth at Azure.”

In hiring Altman to lead an in-house AI team, Microsoft is counting on the founder’s magnetism to attract talent and money from investors, and smooth over regulatory hurdles that could snare the rollout of AI-powered tools.

OpenAI’s board has made only vague public statements about the reason for firing Altman, saying that he was “not consistently candid in his communications with the board.”

But several people told 【 - Free Expert-Led Investment Training 】 contributor Kara Swisher that a key factor in the decision was a disagreement about how quickly to bring AI to the market. Altman, sources say, wanted to move quickly, while the OpenAI board wanted to move more cautiously.

“The OpenAI debacle is the result of a tension between people who believe that AI discoveries are safe enough, and should be pursued rapidly right now, versus people who believe AI discoveries … should be tempered with some discernment about what the potential cost could be of releasing them,” Schloetzer said.

Best Mid Cap Growth Stocks Exclusive Stock Market Predictions ✌️【Stock Resources】✌️ Expert predictions on stock market movements with real-time data, ensuring you can make quick decisions and capture market opportunities. Altman has been one of the loudest voices pleading for regulation. At the same time, he has been one of the fastest movers, turning the profitable arm of OpenAI into a $90 billion company practically overnight.

Both achievements are possible, and OpenAI’s strange structure — a nonprofit overseeing a for-profit company — was designed to contain AI from destroying humanity. Yet the soap opera at OpenAI threatens to upset that balance. Soon, we may need to rely on Microsoft, one of the biggest, most powerful companies in the world, to ensure that AI is used for good and not evil.

Best Mid Cap Growth Stocks Exclusive Stock Market Predictions ✌️【Stock Resources】✌️ Free access to real-time stock indices, futures data, and market predictions to help you select high-return stocks and build a profitable portfolio. Most stock quote data provided by BATS. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. All times are ET. Factset: FactSet Research Systems Inc. All rights reserved. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and 【 - Free Expert-Led Investment Training 】. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Fair value provided by IndexArb.com. Market holidays and trading hours provided by Copp Clark Limited.

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