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Satya Nadella says Microsoft just wants stability and good governance at OpenAI— not a board seat

Jan 16, 2024 - businessinsider.com
Microsoft CEO Satya Nadella has expressed his desire for "real stability" and "good governance" at OpenAI, in which Microsoft has invested $10 billion. In an interview with Bloomberg, Nadella stated he is not interested in a seat on OpenAI's board and has no issues with the company's ownership structure. His comments come after a turbulent period at OpenAI, which saw CEO Sam Altman briefly ousted.

Nadella's remarks also follow growing scrutiny over Microsoft's investment in OpenAI by the UK's Competition and Markets Authority, which is monitoring the impact of such partnerships. The European Commission is also considering whether the partnership could be reviewed under EU merger regulations. Despite this, Nadella maintains that what is most important is a board that cares about OpenAI and stability in the partnership.

Key takeaways:

  • Satya Nadella, Microsoft CEO, has expressed his desire for 'real stability' and 'good governance' at OpenAI, in which Microsoft has invested $10 billion, but has no interest in a board seat.
  • Nadella's comments follow a turbulent period at OpenAI in November, when CEO Sam Altman was briefly ousted, then reinstated with Nadella's help.
  • Microsoft's investment in OpenAI is under scrutiny from the UK's Competition and Markets Authority, which is monitoring the impact of such partnerships and whether they allow one company to exert control over another.
  • The European Commission is also considering whether the partnership between Microsoft and OpenAI could be reviewed under EU merger regulations.
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