Microsoft stock hits all-time high
Microsoft stock hits all-time high on Monday after the company said that Sam Altman,
former chief executive of OpenAI, will join the company to
head its artificial intelligence innovation leg.
Shares
of the tech boss rose 2.1% to an all-time high close of $377.44 on Monday,
beating the previous record of $376.17.
That
comes after shares of Microsoft fell 1.7% on Friday when Sam Altman was ousted from his position at
OpenAI in a boardroom coup. Microsoft is the artificial intelligence firm’s
biggest stakeholder, with a $13 billion investment in the company
India-born CEO of
Microsoft Satya Nadella on Monday said developers and entrepreneurs from India
are playing a key role in driving innovation--both in the country and
outside--and the company wants to be the platform for creators here.
Nadella also
met Prime Minister Narendra Modi and other ministers to discuss issues
pertaining to the IT sector and enhancing partnerships for initiatives like
Digital India.
"Discussed
various issues pertaining to the IT sector with @Microsoft CEO @satyanadella
@MicrosoftIndia," Modi tweeted after the meeting