That was nearly equal to the valuation OpenAI commanded in its last fundraise.
"If Microsoft lost Altman, he could have gone to Amazon, Google, Apple, or a host of other tech companies," said Wedbush Securities analyst Dan Ives.
We view Microsoft now even in a stronger position with Altman and Brockman at Microsoft running AI.
Altman will lead a new research team at the software giant following his surprise ouster by OpenAI that shocked the tech industry.
"The OpenAI for-profit subsidiary was about to conduct a secondary at a $80 billion+ valuation.
Satya Narayana Nadella, Lucas Jackson, Sam Altman, Altman, Dan Ives, Brockman, OpenAI, Greg Brockman, Szymon Sidor, SemiAnalysis, Mira Murati, Aditya Soni, Akash Sriram, Sriraj
Microsoft, REUTERS, Google, Wedbush Securities, Thomson
Manhattan, New York City, OpenAI, Bengaluru