Updated 9 min ago
Microsoft Stock Climbs on Sam Altman Hire
, Europe Finance Editor
How much is Sam Altman worth? Quite a bit judging by Microsoft’s stock price.
Shares in the tech colossus rose around 1.5% Monday in early trading after it hired the artificial-intelligence expert. Altman was booted late Friday from his previous outfit, OpenAI, which had significant backing from Microsoft.
Microsoft (MSFT) has a market value of more than $2.75 trillion, meaning the post-Altman move, if it holds, represents an additional $55 billion in value. It could also put Microsoft’s share price at a new record high.