– Microsoft’s stock is trading higher, up more than 2.2%, and is on track to close at an all-time high if it surpasses $376.17.
– Sam Altman and Greg Brockman, co-founders of OpenAI, have joined Microsoft to lead a new advanced AI research team.
– RBC Capital Markets managing director Rishi Jaluria sees this move as a “huge coup for Microsoft,” positioning the tech giant as a leader in generative AI.
– Analysts have expressed optimism about the long-term benefits of hiring Altman and his team, despite short-term concerns about the impact on Microsoft’s business due to uncertainty at OpenAI.
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