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.
Persons:
Satya Narayana Nadella, Lucas Jackson, Sam Altman, Altman, Dan Ives, Brockman, OpenAI, Greg Brockman, Szymon Sidor, SemiAnalysis, Mira Murati, Aditya Soni, Akash Sriram, Sriraj
Organizations:
Microsoft, REUTERS, Google, Wedbush Securities, Thomson
Locations:
Manhattan, New York City, OpenAI, Bengaluru