OpenAI turmoil impacts Microsoft's market value
Microsoft faced turmoil at OpenAI, impacting its market value. Sam Altman's ouster led to a $13 billion loss in market value. Microsoft convinced OpenAI to reinstate Altman and Greg Brockman. Both will lead an advanced research lab at Microsoft. This move aims to set a new pace for innovation. Microsoft's stock fluctuated, dropping initially but rebounding after the announcement. The company's shares reached a new high following the resolution.