late sunday, emmett scheer was appointed ceo after they vented candidates quietly.scheer was seen as someone who recognizes an existential threat from ai, unlike some members of the openai board, they are a part of the effect of all tourism movement -- of the all tourism trusim movement. zachary lipton is at a company using generative ai for automatic graphing of clinical notes and a professor of machine learning at carnegie mellon university, the fact that you focus on understanding the social impacts of machine learning in a philosophically coherent way, is that what the tension was here on openai? philosophical at that? >> i think it is important to draw a big distinction. there is a contingent of this community that is more focused on the idea of ai as an existential risk to humanity. there is a bunch of us who are more in the group of social scientists, ethicists, some socially inclined computer scientists have looked at this problem and are more focused on the near-term terrestrial, actual harms of ai systems as operationalized physicists today. a lot of work

you get comments from emmett scheer, who were supposed to replace some altman in the shakeup.e is glad to be part of the solution and this was the pathway that maximized safety and that he himself is deeply pleased by this result, despite the fact that he will no longer be ceo in taking over for sam altman. i want to bring in richard clode , portfolio manager who actually has a lot of insight over here, he's portfolio manager on the global technology leaders team over at janus henderson. a pleasure to have you. what great timing to have you. . let's talk about your initial take on openai and whether you as an investor would be even interested were it to ipo. richard: well, good morning. as you say, kind of the latest, silicon valley founders ousting and then returning. i think there was ultimately a checkmate where sam altman was hired by microsoft. there was an open offer for everyone from openai to come to microsoft. you heard customers talking to some of the competitors. the investors were agitating. when the anthropic merger talks fell through, there was not really many op

the interim ceo emmett scheer is stepping down. we are seeing people react in tech saying he is actually not as may be bad as people thought that were pro-sam, because now he is giving up and letting sam come. ed: bloomberg's shirin ghaffary you have done incredible reporting. there is another party to the drama, microsoft. we need to understand what that means for them. michael proctor of wedbush joins us now. what does this mean for microsoft? michael: it's huge. i think that if you think about why we have not had deep ai solutions for the last 20 years it's that computing power had not caught up. and openai has integrated into microsoft cloud. microsoft made a huge investment in them to make sure that happens. microsoft cloud is building and's -- is building its scale scaling all of its product, all of us user -- it's user interface, all of its developer product interfaces to make sure they work with openai. you need massive computing power. if you were to decide to write a charles dickens novel in the voice of stephen king, you

technology officer was briefly appointed interim ceo before they replace quickly by twitch ceo emmett scheer the drama with the shocking twist thanks to microsoft ceo satya nadella announcing sam altman and greg brockman are joining microsoft word advanced a.i. research team, this comes as hundreds of open a.i. employees and potential customers are threatening to leave. unless altman is reinstated as the ceo, did you catch all that it's been a lot. in case you did not we have team coverage of all of this developing story right now, fox business correspondent susan li is with me and the group ceo daniel newman, both of them standing by, susan i will start with you you had your finger on the pulse of the tech industry for years, take as to what happened and how we got to this point for open a.i. >> this company makes chat gpt is the reason we've been talking about a.i. artificial intelligence for the entire last 12 months. we had a shocking boardroom coup that shook silicon valley over the weekend yet ceo cofounder sam altman blindsided fired a video link friday afternoon. numerous theories on

where do things stand, and have you talked with emmett scheer, the new interim ceo?onversations with him. there is no real difference from where we were when we were working with mira when she was interim ceo, when sam was ceo, and emmett. my message is very clear. we remain committed to openai and its mission and its roadmap. they can count on us. as i said, we are also committed to sam and greg and team that want to join us if they are not at openai or anyone else who is at openai who wants to go somewhere else. we want them to go to microsoft and continue to work here and in partnership with openai. emily: why was sam fired? to your knowledge, was he involved in any wrongdoing? has the board given you a reason? satya: as far as i am concerned, we are confident in sam and his leadership team. i have not been told about anything published internally at openai that the board has not talked about anything that sam did other than a breakdown in communications. i was not directly told by anybody from their board of any issues and therefore i remain confident in sam and