Sam Altman joining Microsoft is a 'huge coup': Analyst

It was a whirlwind weekend at OpenAI after the board ousted CEO Sam Altman on Friday, which led to pleas from employees and investors to bring him back, only for him to join Microsoft (MSFT) early Monday morning after talks for him to return the company failed. RBC Capital Markets Software Equity Analyst Rishi Jaluria says the move is “a huge coup for Microsoft,” and that bringing Altman on board is “really the best-case scenario for Microsoft given everything that transpired since Friday.” As for what the move means for the Microsoft-OpenAI relationship, Jaluria expects the two companies to continue to work together, but it “remains to be seen” if Microsoft will invest net new money in the partnership. “It’s kind of Microsoft wins no mater what type scenario,” Jaluria says.

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