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Hiring Altman Won't End Microsoft's Woes

Mint Mumbai

|

November 22, 2023

Microsoft still has a commitment of more than 13 billion to OpenAI

Hiring Altman Won't End Microsoft's Woes

After a chaotic few days of boardroom coups and attempted counter-coups at OpenAI, Microsoft Corp. said it would hire Sam Altman to lead a new artificial intelligence research team. It was a stunning turn for Microsoft, which had bet big on OpenAI and its former chief executive officer, Altman.

But it's not an ideal outcome for Altman or Microsoft. Which is why a group of OpenAI investors is still pushing for Altman's return as chief, a move Microsoft CEO Satya Nadella said he's open to.

Nearly all of OpenAI's roughly 770 employees have signed a letter to OpenAI's board threatening to quit unless its directors resign over their handling of Altman's termination.

"Microsoft has assured us that there are positions for all OpenAI employees at this new subsidiary should we choose to join," the letter read.

FLERE HISTORIER FRA Mint Mumbai

Mint Mumbai

Europe bets on $25 bn space budget amid defence hike

Europe’s equivalent of NASA is seeking €22 billion ($25.

time to read

1 min

November 27, 2025

Mint Mumbai

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China’s ‘McNuggetization’: It’s beneficial for the environment

A wide-scope dietary shift in China is doing the planet a good turn

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3 mins

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Flexi-cap funds in focus as smids falter

A silent pivot

time to read

3 mins

November 27, 2025

Mint Mumbai

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Labour codes: Focus on empathy and not just efficiency

The consolidation of 29 archaic labour laws into four comprehensive new codes—on wages, social security, industrial relations and occupational safety—is among the most significant structural reforms undertaken by India in the post-liberalization era.

time to read

3 mins

November 27, 2025

Mint Mumbai

These firms will sell shovels during semaglutide gold rush

Weight-loss drug semaglutide, also used to treat type-2 diabetes, will face its next big turning point in early 2026, when patents held by Novo Nordisk expire in India.

time to read

2 mins

November 27, 2025

Mint Mumbai

HC to hear Apple's plea on fine in Dec

Apple is challenging the new penalty math formula in India's competition law.

time to read

1 min

November 27, 2025

Mint Mumbai

Climate crisis: Innovation works, compression doesn't

After weeks of hot air, the UN’s CoP summit limped to an end in Brazil's Amazonian hub of Belém over the weekend, with a ‘deal’ that delivers nothing measurable for the climate, while wasting political capital and much effort on pledges.

time to read

3 mins

November 27, 2025

Mint Mumbai

Mint Mumbai

MO Alternates launches its maiden private credit fund

The %3,000 crore fund has drawn capital from family offices, ultra-HNIs and institutions

time to read

3 mins

November 27, 2025

Mint Mumbai

Kharif grain production likely to rise to 173 mt

India's kharif foodgrain output is expected to rise to 173.

time to read

1 min

November 27, 2025

Mint Mumbai

IL&FS group repays ₹48,463 cr loan

Debt-ridden IL&FS group has repaid ₹48,463 crore to its creditors as of September 2025, out of the total ₹61,000 crore debt resolution target, as per the latest status report filed before insolvency appellate tribunal NCLAT.

time to read

1 min

November 27, 2025

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