OpenAI (MSFT) sees Sam Altman depart as CEO and leave the Board of Directors with search process underway to identify permanent successor
- Mira Murati, current CTO, will serve as interim CEO, effective immediately.
- Altman’s departure follows deliberative review process by board, which concluded that he was not consistently candid in communications with board.
- The board no longer has confidence in Altman’s ability to continue leading OpenAI.
Reaction details (20:39)
- MSFT fell from c. 372.90 to lows of c. 362.10, weighing on the major indices, with E-mini S&P Dec'23 contracts losing around ten handles.
17 Nov 2023 - 20:33- EquitiesImportant- Source: Newswires
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