00:00 It's Benzinga and here's what's on the block.
00:02 Sam Altman, the former CEO of OpenAI,
00:04 has been appointed to lead a new AI research team
00:07 at Microsoft.
00:08 OpenAI's board removed Altman as CEO on Friday
00:10 and replaced him with Meera Mehradi on an interim basis,
00:13 citing a lack of candid communications.
00:15 After being removed as CEO,
00:17 some OpenAI investors pushed to reinstate Altman.
00:20 Microsoft CEO Satya Nadella announced on Sunday
00:22 that Altman, along with former OpenAI president,
00:25 Greg Brockman, and other colleagues,
00:27 would be joining Microsoft
00:28 to lead a new advanced AI research team.
00:31 Microsoft has invested billions in OpenAI
00:33 and the two have a close partnership.
00:35 Altman led OpenAI since 2019
00:37 and the company is known for developing ChatGPT,
00:39 an AI chatbot released in late 2022.
00:42 For all things money, visit Benzinga.com.
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