Stocks of Microsoft reached a record high on Monday, November 20 after officials said that Sam Altman, former chief executive of Artificial Intelligence company, OpenAI, will join the company to head its artificial intelligence innovation leg. Shares of the tech giants hit $377.10 on Monday morning before retreating slightly. The stock will need to close above $376.17 to notch an all-time high close.
Altman’s hiring ended days of speculation that the former chief executive could return to the firm after his dramatic firing. Emmett Shear, former CEO of Amazon-owned streaming service Twitch, will replace OpenAI chief technology officer Mira Murati as interim chief executive.
