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Microsoft CDR (CAD Hedged)
Symbol MSFT
Shares Issued 11,500,000
Close 2023-11-27 C$ 28.11
Market Cap C$ 323,265,000
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Globe says saga at Microsoft-backed OpenAI farcical

2023-11-27 07:33 ET - In the News

The Globe and Mail reports in its Saturday, Nov. 25, edition that the governance storyline that unfolded last week at Microsoft-back OpenAI is so farcical it could have been scripted by Charlie Chaplin, the comedic genius, himself. The Globe's guest columnist Gus Carlson writes that the return of Sam Altman to lead OpenAI and the appointment of a new board may end the week of frenzy at the start-up, but it will not immediately answer the big questions: How much damage has been done by the board's conduct to OpenAI's position as a leader in the AI industry? How will it affect the relationship with Microsoft? Microsoft has already said it will demand a board seat to avoid further surprises. If you are at all worried about the influence artificial intelligence will have on our lives, Mr. Carlson says the OpenAI fiasco will not help you sleep at night. Even with Mr. Altman's return and a reconstituted board, there is a lot of work to be done to restore confidence that the organization can be trusted with something as critically important as helping manage the evolution of a powerful technology that will change the way we live and work.

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