Share this article
Sam Altman, Former OpenAI CEO, Lands at Microsoft
Altman and other departed OpenAI staff will join a new advanced AI research team at the software giant.
Updated May 29, 2024, 4:46 p.m. Published Nov 20, 2023, 9:11 a.m.
Make us preferred on Google
Sam Altman, the former CEO of OpenAI, Greg Brockman, the company's co-founder and president, and other former staff members will be joining Microsoft, the software giant's CEO Satya Nadella said in a post on X.
We remain committed to our partnership with OpenAI and have confidence in our product roadmap, our ability to continue to innovate with everything we announced at Microsoft Ignite, and in continuing to support our customers and partners. We look forward to getting to know Emmett…
— Satya Nadella (@satyanadella) November 20, 2023
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Altman left OpenAI last week after the board said it no longer had confidence in him to continue leading the company. Brockman announced his resignation shortly after Altman was ousted. Altman will lead a new advanced AI research team, Nadella said.
OpenAI's major investors, led by Nadella, reportedly pushed to reinstate Sam Altman as CEO and replace the current board, following the unexpected firing, with intense negotiations involved in the process.
"We’ve learned a lot over the years about how to give founders and innovators space to build independent identities and cultures within Microsoft, including GitHub, Mojang Studios, and LinkedIn, and I’m looking forward to having you do the same," Nadella said in a post directed at Altman.
Nadella said that Microsoft remains committed to its partnership with OpenAI, and looks forward to getting to know new CEO Emmet Shear and working with the company.
Worldcoin [WLD], the cryptocurrency of one of Altman's other projects, is up over 10% on the news, according to CoinDesk Indices data.
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
How the ultra-wealthy are using bitcoin to fund their yacht upgrades and Cannes trips
Cometh founder Jerome de Tychey is applying DeFi lending and borrowing on platforms like Aave, Morpho, and Uniswap to structures that help the ultra-wealthy secure loans against their massive crypto fortunes.
What to know:
- Wealthy investors who hold much of their fortune in crypto are increasingly turning to decentralized finance platforms to secure flexible credit lines without selling their digital assets.
- Firms like Cometh help family offices and other rich clients navigate complex DeFi tools, using assets such as bitcoin, ether and stablecoins to replicate traditional Lombard-style collateralized loans.
- DeFi loans can be faster and more anonymous than traditional bank credit but carry volatility and liquidation risks, and Cometh is also experimenting with applying DeFi strategies to traditional securities via ISIN-based tokenization.
Top Stories
