Hours after OpenAI fired its CEO Sam Altman, tech giant Microsoft CEO Satya Nadella on Friday said the company remains committed to its partnership with OpenAI, and the companies will together continue to deliver the meaningful benefits of this technology to the world.
Microsoft earlier this year invested $10 billion in OpenAI, making it a significant investor in the firm with a 49 per cent stake. The tech giant also invested $1 billion in 2019 and had another funding round in 2021. The $80-billion OpenAI works closely with Microsoft’s cloud service Azure
In a post on X on Friday, Satya Nadella said, “As you saw at Microsoft Ignite this week, we’re continuing to rapidly innovate for this era of AI, with over 100 announcements across the full tech stack – from AI systems, models, and tools in Azure, to Copilot. Most importantly, we’re committed to delivering all of this to our customers while building for the future.”
As you saw at Microsoft Ignite this week, we’re continuing to rapidly innovate for this era of AI, with over 100 announcements across the full tech stack – from AI systems, models, and tools in Azure, to Copilot. Most importantly, we’re committed to delivering all of this to our…— Satya Nadella (@satyanadella) November 17, 2023
“We have a long-term agreement with OpenAI with full access to everything we need to deliver on our innovation agenda and an exciting product roadmap; and remain committed to our partnership, and to Mira and the team. Together, we will continue to deliver the meaningful benefits of this technology to the world,” he said.
OpenAI’s board sacked Sam Altman as the company’s CEO and director on Friday.
In a statement, the company said, “Altman’s departure follows a deliberative review process by the board, which concluded that he was not consistently candid in his communications with the board, hindering its ability to exercise its responsibilities. The board no longer has confidence in his ability to continue leading OpenAI.”
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