MC Tech3 | How Satya Nadella outsmarted the OpenAI board; Zomato leads ESOP cost-cutting race; and more
moneycontrol.com
Know the economy through Moneycontrol, India’s No.1 financial portal. Tune in for exclusive and breaking news
One quick thing: Dunzo moves employees from Google Workspace to Zoho to bring down costs
In today’s newsletter:?
How Satya Nadella outsmarted the OpenAI board
Microsoft, it seems, has managed to have the cake and eat it too!
Driving the news: Microsoft CEO Satya Nadella is considered a legend for his execution prowess, and today, we witnessed why.
In a surprising turn of events, Nadella hired ousted OpenAI CEO Sam Altman to lead an advanced AI research team at the software giant . Also joining the company is OpenAI co-founder Greg Brockman, along with a slew of executives and researchers who are resigning from OpenAI.
Microsoft, the largest shareholder in OpenAI, was taken by surprise with this news, and Nadella was reportedly furious about Altman's firing .
Why does it matter?: Nadella's decision to hire away key OpenAI personnel is being seen as a business triumph. He transformed a challenging situation into a significant advantage for Microsoft just before the US stock market opened on Monday, thereby escaping a potential blood bath.?
"We’ve learned a lot over the years about how to give founders and innovators space to build independent identities and cultures within Microsoft, including GitHub, Mojang Studios, and LinkedIn, and I’m looking forward to having you do the same," Nadella said while welcoming Altman.
Microsoft also remains committed to its partnership with OpenAI, he said.
领英推荐
The Shear succession: OpenAI's four-person board, led by co-founder and chief scientist Ilya Sutskever, had agreed to negotiate Altman's reinstatement at the company over the weekend. However, they subsequently declined to resign, a condition for Altman's return.?
Instead, the board appointed former Twitch CEO Emmett Shear as the new OpenAI CEO .
"I took this job because I believe that OpenAI is one of the most important companies currently in existence. When the board shared the situation and asked me to take the role, I did not make the decision lightly. Ultimately I felt that I had a duty to help if I could," Shear said on X.
Shear has set a three-point plan for the next 30 days:
The fallout: In the aftermath of this development, several OpenAI employees, including CTO Mira Murati (who was named interim CEO) and COO Brad Lightcap, expressed support for Altman with posts on social media that read, "OpenAI is nothing without its people."
This is a short version of the MCTech3 newsletter. Sign up here to get the full edition in your inbox every evening on weekdays.?
Creating new opportunities for clients with Industrial Automation, e-commerce, ERP, CRM and cloud.
1 年Or was Satya outsmarted? Staff retention problem.
Global,Strategic,Impactful Marketing & Brand Leader, TedX & Keynote Speaker (Ex-Intuit, Ericsson, Oracle, HP, DellEMC) | Digital Marketing Leader | GTM, ABM, Content Strategy,Writing,CRM, Marketing Automation
1 年Wow, talk about a plot twist at OpenAI! The stakes are high, and the future hangs in the balance. It's fascinating to see how internal dynamics can play such a pivotal role in the trajectory of a company. The demand for the board's resignation and Sam Altman's reinstatement as CEO suggests deep-seated concerns. The next 24 hours could indeed be a make-or-break moment for OpenAI. What do you think is at the core of this upheaval, and how might it reshape the landscape of AI development? And definitely, Satya Nadella as always has played a smart role in strengthening their AI portfolio further by giving Sam a reputed position in the organization?? #OpenAI #CorporateDrama #TechRevolution"