our cris satya nadella spoke to emily chang last night.said that she said they were not opposed the return to openai. satya: we continue to be committed to openai and committed to sam and greg and the team, irrespective of where they are. i think about sam has chosen multiple times to work with us and that is fantastic to see. the real thing is the capability microsoft has across the tech stack is what attracts great people like sam, people like sam, innovators like sam when it comes to ai, to come to us, and we are thrilled about it. emily: you incredibly quickly hired sam as well as greg. we are hearing that sam wants to return, investors want him to return to openai. how would you feel about that? satya: as i said, we want to partner with openai and we want to partner with sam. irrespective of where sam is, he is working with microsoft. that is the case on friday and that is the case today and i absolutely believe that will be the case tomorrow. emily: we understand that to support a return of sam altman to openai, microsoft wants chang

what you heard from satya nadella, are you convinced that market cap sticks?hout him, we've been doing great before, we can do without him, we'd love to have him on the team that's not a necessarily ringing endorsement, but in terms of the stock, it got itself very expensive very quickly now they have to -- it's very hard to continue to build on the momentum they have, in my opinion. >> yeah, great interview and it just seems like it's still a very fluid situation so, i think the stock would have been up 1.5% today anyway, whatever the heck it is. it just seems like there's just a bid for that i give you credit on the other side of the desk, you thought this was going to happen into the holiday season or whatever it just seems like to be a bit of the meltup and it's more of the same microsoft seems to have a lot of optionality in this situation. >> i heard satya say we're committed to openai and sam, no matter what happens. again, there's so much fluidity to this situation. and microsoft views, they have been here before a.i., or before openai, and they'll be

satya: it's a great point. the thing i think, in some sense, i've always felt we should think about the unintended consequences of any great advances in technology from day one, verses dealing with them later. so i welcome this dialogue if you will of safety, and safety first even, in technology and technological development. in some sense it should be celebrated that we as a tech industry have gotten to a place where we don't think of this as a trade-off but as considerations that are both first-class. one, how we build technology that everybody in the world can have a doctor can reach or a tutor, or a rural farmer in india has more agency because of technology developed a few months earlier? these are unbelievable things that democratize access on one side. on the others come up being grounded on the here and now harms, whether it is election interference, deepfakes, bioterrorism, and having guardrails against it. or some of the existential risks and alignment research required. i think there is a robust dial

satya nadella said he would not oppose this move sp speaking on cnbc with our jon fortt, he said change is needed at open a.i. listen in. >> i think it is very clear that something has to change around the governance we will have a good dialogue with the board on that and we will walk through that as time evolves. the most important thing for me for customers to know is we have all of the capability today. >> for its part, open a.i. is in intense discussions to divide its staff after more than 700 of the company's 770 employees threatened to quit management and the board is still in touch with altman and emmett shear frank, should open a.i. staff follow through with the threat, nadella tells cnbc microsoft is a fantastic home for people who want to continue >> it sounds like he is offering a job. and marc benioff tweeting as well for those employees marc from salesforce silvana, thank you see you in a bit let's see what this means with sara kunst it is always great to see you. good morning >> good morning. let's get into this. you call this a debacle. great word for the situation a lot

look, i could be wrong, but i do trust satya as a leader.while this was a crazy period, we're all going to look back and think microsoft played it brilliantly, is my personal belief. >> when it comes to meta, amazon, google, you point out there's going to be some talent churn and they're likely to be aggressive in hiring there's also this note from wells today that they expect them to be aggressive in making the case to customers that at the very least secondary providers should be considered when you're building out something this mission critical. is that true >> well, i think a few things are going on one, i think all along my position has been the biggest companies in the world will win this this is not a game for startups. i think sam altman recognizing it's hard to build a startup from zero in this space might be part of the calculus who has the machines, et cetera? there's only a few, meta, google, microsoft that have a position to do anything here amazon maybe to some extent. this is hardware first talent second. talent is also extre

morning and said they are fraventicily fra frantically reaching out to them on linkedin and it's what satya nadella tweeted at the end we look forward to moving quickly to provide them with the resources needed for their success. that word resources is key because the generative ai development rests on compute power and that is why open ai has the huge deal with microsoft and how those employenses are al to leave and it is unclear what kind of i.p. and technology they can take with them >> eli, do you think as the market seems to think this is all just a huge win for microsoft. the shares were initially lower on news of the whole implosion because they own 51% of open ai and now they're at an all-time highs because they get the talent and they get to bring it inhouse to quote who had a fun line on this who said you can make the case that microsoft just acquired open ai for zero dollars and zero risk of an antitrust lawsuit. what do you think? >> i think if that works out, it's great the story for the weekend for me is there was always a ticking clock on this crazy back and forth. microsoft

negotiations are furious today satya nadella was on cnbc last night.matively when jon fortt asked him directly if sam altman is coming to microsoft because it is an open question. >> let me ask you this one of the things we have not gotten underneath the story is clearly concerns of board members about how fast the technology is developing and what kind of controls are in place. that's what led to this. maybe those board members were misguided. i don't think we know yet. clearly at this point, somebody has come to the realization that the technology is moving too fast and you weigh that against the company on existing and you decide you want the company to exist rather than moving too fast what do you think was happening on the other side? >> i think the idea the technology was moving too fast and the board had to pause and they immediately fired sam on friday without notice from anyone, including microsoft. as time has run by, that has proven to not be true. the members of the board said that is not true shear said that is not true. there is most malf

as for altman himself, he and satya are focused on openai continuing to thrive.esforce's ceo saying he'll hire any openai researchers that want to quit and work for him instead. ashley: what a mess. >> yeah. ashley: a i have a feeling we haven't heard the last of this. susan, thank you finish -- very much for that run through. ray wang joins me now. you're probably shaking your head, you say that satya nadella saved microsoft's stock by hiring sal. altman, but he says altman could go back to openai if he wants. make your case on all of this. [laughter] >> in any case what happened is you look at openai's valuation, it's about $90 billion. satya, by actually bringing both greg and sam back to microsoft if actually was able to bring $80 billion or more of market cap back into his stock after the calamity on friday. so in any case, he's got to protect that investment, and that's what he's doing whether sam and greg going back to openai saves the company, protects the 49% investment there, or protects the stock price which is the biggest thing on his mind after he's

. >>> microsoft's ceo satya nadella says things can't go on like this. >> it is clear something has tohange around the governance if that is -- we'll have a good dialogue with the board. >>> nvidia rides the a.i. wave with shares closing at an all-time high as they report a 70% revenue growth. >>> u.s. secretary janet yellen says they will fight against inflation, but says there is more to be done in a cnbc interview. >> we're making considerable progress in bringing inflation down, but americans do know this from higher prices with what they are used to be accustaccusd >>> and volkswagen is marking the 15% gain thanks to france, italy and spain. >>> warm welcome to "street signs. let's get to the top story this morning. the open a.i. saga continues to roll on. more than 90% of the 770 employees have signed an open letter to the company's board. threatening to allow sam altman and greg brockman to microsoft unless all current board members resign unless they reinstate the pair employees expressed support for the ousted members as negotiations over the future drags on some open a.i. inv

satya nadella's argument is, microsoft uniquely has now chips, that data center architecture in azure. they've got windows. they've got this open ai partnership. and they've got productivity software that people are actually using that's different from what amazon and google have, right, for instance. so expect them to push all of that co-pilot is what they're talking about, this ai assistant, that now microsoft has built throughout these productivity products and the argument that they're making is, hey, we'll save you so much time, make you so much more efficient, make your work so much more joyful with these copilots that you'll be willing to pay 30 bucks a month more on top of that. we'll get some data today from them on how that's shaping up. see if developers are convinced here so all of that's the context where microsoft is really trying to build on the cloud success that they've had over the last decade of satya nadella's leadership and turn that into success in this next decade, that we can now clearly see is going to be mostly defined by ai, carl >> haven't heard ai describe

eastern time for a special report with jon, satya nadella. mad money with jim cramer starts right now. >>> my mission is simple. to make you money. i'm here to level the playing feel for all investors. there's always work. i promise to help you find it. mad money starts now. s hey, i'm cramer. welcome to mad money. i'm trying to make a little money. my job is not just entertain but to help you. tweet me. in this business, it's the percentage game not the absolute number of points which is the hope for so many. right now as we interview end of the year, it's obvious a monster amount performed 2023 comes to the magnificent 7. that includes the dow gaining, s&p 500 jumping and nasdaq 1.13%. success is so palpable, in your face that people tend to these these stocks are the market. for 2023 they kind of were. how about 2024? will they change? will we see it gravitate away for other parts of the market? two thing happen before we move on. either huge companies need to stop doing so many things right or the rest of the s&p 500 needs to stop doing s

late today microsoft boss satya nadella explained his decision to quickly swoop in and hire altman. >> in this moment, what is it that i care about? i care about just making sure that we can continue to innovate. and as i said, i feel very, very confident. quite frankly, microsoft has all the capability to just do that on our own. but we chose to explicitly partner with openai, and we want to continue to do so. >> satya nadella on cnbc late today. then there's this. a revolt at openai. more than 700 of the company's 770 employees have signed this letter saying they're going to leave the company unless the board resigns and altman is reinstated. and not just microsoft, other major companies want to hire the disgruntled openai employees. that includes salesforce boss marc benioff. he posted on twitter saying that salesforce would match the compensation of any openai researcher. joining us now is nbc's scott mcgrew, one of our business and tech reporters. scott, nice to have you on the program. so we've been doing this for a long time. you've been doing this for a long time in the silico

satya nadella announcing that altman will join microsoft as the head of the new a.i.rmer board member who quit in solidarity with altman on friday now on the open a.i. side, the startup has the third leader since friday emmett shear is replacing the cto who was named interim ceo after altman's firing. she is staying at the startup for now. how did we get here after the firing on friday there was a blowback from investors, including microsoft, over the weekend which owns a big stake it bought in a deal worth $10 billion. those investors pushed for altman's reinstatement and nadella taking the key role in the negotiations the board refused to restuructur as altman demanded now altman and brockman were brought inhouse at microsoft it is unclear to know the relationship with nadella. altman is well loved inside the company and employees could still lead without him at the helm it is not clear how altman will shape microsoft with the open a.i. technology. >> steve, a lot going on here. bizarre chain of events. this is not that unusual for a founder to leave a company under

satya nadella, microsoft ceo, speaking about altman's return, releasing this statement.ention the board as well. we should talk about some of the turnaround stories in terms of what the board actually looks like because there are new names. brett taylor, former co-ceo at salesforce, board member of shopify, a real veteran of the silicon valley, not to mention chairman of the board of twitter. we have larry summers, a contributor to bloomberg's "wall street" programming as well. as well as adam d'angelo, most well-known for being the founder and ceo of cora, who voted to have sam altman from leadership altogether. some of that makeup of the board still in conversation. we will bring you more headlines as we get them. let's get some immediate analysis. matt bloxham from bloomberg intelligence right here on set to walk us through it basically. there are some big names. we will put sam altman aside, but brett taylor, adam d'angelo, larry summers, these are massive names. is this going to add some value? matt: i think so. what's also interesting is this seems like it is an in

investors are pleased that ceo satya nadella has hired sam altman. >> all right. jo ling kent, thank you. >>> the "cbs overnight news" will be right back. do you shop for vitamins at walmart? force factor products powerfully improve your health, but they're also delicious, easy to use and affordable. that's why force factor is now the number one best selling superfoods brand in america. unleash your potential with force factor at walmart. my frequent heartburn had me taking antacid after antacid all day long but with prilosec otc just one pill a day blocks heartburn for a full 24 hours. for one and done heartburn relief, prilosec otc. one pill a day, 24 hours, zero heartburn. it ain't my dad's razor, dad. ay watch it! it's from gillettelabs. this green bar releases trapped hairs from my face... gamechanga! ...while the flexdisc contours to it. so the five blades can get virtually every hair in one stroke. for the ultimate gillette shaving experience. the best a man can get is gillettelabs. honey... honey... nyquil severe honey. powerful cold and flu relief with a

our reporting saying that satya nadella was stunned by this announcement on friday. particularly as it came through just days after the development summit led by openai. satya nadella was on the stage with sam altman. the reporting suggests a, nation of factors. one, concern about the risks of how quickly this technology was being developed at openai. sam altman was driving the commercialization of this project. the other was about, it seems, some of the other business projects sam altman was building up to raise funding for chips around ai. he wanted to start a business on that front. and also, possibly as well, reporting around working with the former chief designer at apple to come out with some hardware projects. he was making the rounds globally to raise funds for additional projects, but at the heart of this, this question about how quickly these projects were being commercialized at openai. which don't forget was founded as a nonprofit. that tension exists as a result of the legacy of a board that was appointed around the nonprofit that has this commercial arm

nadella. >> is the winner satya nadella and microsoft?ning effectivelyopen ai and have 49% stake in it, short-term win or loss because they're spending money faster than they're taking in money >> clear winner is definitely microsoft on this. the $13 billion or so that they put in, they could write off this company, he's reached all-time highs in the value of microsoft stock. last year, at our croweo summitw made him the ceo of the year because his stock was up in part because stock was up 1,000% since you became ceo in 2014 it's doubled since then. up 2,000%. focussing on innovation, focussing on trust so he has a very attractive culture to bring these 700 plus employees on board if that's the way to go from open ai if not, he has a great relationship with open ai. but he was so nimble i think marc benioff was impressive that he tried to get them over to salesforce. wow, satya nadella he didn't care how this is going to work out. he has a home for them, provided a safety net a huge amount of credibility for microsoft. >> i think a lot of

microsoft ceo satya nadella was ready to hire all of them.oard is ready to take charge and altman is back as the company's chief executive. he posted on x saying he was ready to move to microsoft, saying it was clear that this was the best path for me and the team with the new board with satya support, i'm looking forward to returning to openai and build on our strong partnership and partnership with microsoft. altman did go on to mention that he was very excited about what the future of openai could be. a lot of that future was in doubt just days ago, but now he is returning to the company's us office as their chief executive just another chapter in what was been a wild saga the last few days. live in san francisco, ryan curry, abc seven news. >> fascinating. ryan thank you. this morning, there's another major scandal in the world of digital currency. the ceo of cryptocurrency giant binance is accused of helping criminals, rogue nations, even middle east terrorists. abc news reporter andrea fujii has more on these stunning allegations this m

microsoft ceo satya nadella says they were ready to hire all of them.nd altman is coming back as the company's chief executive. altman posted on ex, saying it was clear that this was the best path, best path for me and the team with the new board and with satya support, i'm looking forward to returning to openai and building on our strong partnership partnership with microsoft. he did sound like he was very ready to go to microsoft and have that be his new project and now, now a turn of events in this whole saga. he is now going back to openai, where he was at for years and helping found the company. and just another crazy chapter. and what has been a saga for this artificial intelligence company. we're live in san francisco. ryan curry, abc seven news. sure is. >> ryan thank you so much this morning there's another major scandal in the world of digital crypto. digital currency, i should say. the ceo of cryptocurrency giant binance is accused of helping criminals and rogue nations. the feds accused binance and its ceo, changpeng zhao, of processing more

openai says the conversations are still ongoing with altman, microsoft's ceo satya nadella himself says that he's open to altman returning to openai. that's just a day after announcing the hiring of altman and other former openai execs to head up microsoft's new ai research team. but satya says that governance does need to change at openai, which is owned by a nonprofit that operates a for profit arm which makes money off chatgpt and other operations and apps that they own. so this type of boardroom coup doesn't happen once again. microsoft is the largest investor in openai, along with venture funds like thrive, khosla and tiger global. all those three are still reportedly negotiating to bring altman back to openai. meantime, you have reports that other investors are suing, accusing the board of destroying investor value with its unilateral firing. openai was last valued at $86 billion, tripling its value from last year. now as for altman himself, he says that he and satya's top priority remain is to ensure openai continues to thrive. but some companies are taking advantage of this chao

rishaad: satya nadella speaking with our very own emily chang.on at openai and get to the bottom of what is going on. annabelle droulers is with me now. what is this telling us about the maturity of the industry? >> it is a big question coming out of it. rishaad: and what about the key man who is object of everyone's desire or not? annabelle: you have sam altman and everyone else who wants to follow him. the board underestimated how much backing sam altman had in this scenario, so that is one thing that has become clear. it is that key man risk and a very old business phenomenon, but something that seems to be the case here because what is openai if sam altman is not that? could the company survive if 200 people left? that is not likely, so that was something underestimated and raises the question, you have a company supposed to be at the center of the ai boom. is it really ready to be balancing the needs of different stakeholders? and also the huge responsibility that ai technology brings because this is a new frontier. there is a lot we do not

that company reporting after the bell in overtime today i asked satya nadella what to do about openai'srosoft needs a seat on the board of openai here's what he said. >> at this point i think it's very, very clear that something has to change around the governance and if that's sort of -- we'll have a good dialog with their board on that and we'll, you know, walk through that as time evolves the most important thing for me, for consumers to know, is today we have all the capability, this is where i know we love to talk about, you know, the experiment. sam altman once chose microsoft, and he chose microsoft again why do you think that is it's because of the capability of our company to be able to innovate with openai, and so that should speak volumes to why customers can have confidence come what may, microsoft will be there, will continue to have the products and lead in ai. that's, i think, the core message for our customers. >> big ah-has out of the conversation some in silicon valley are referring to the openai governance issue as a silicon valley bank moment, not in the sense of, yo

jonathan: satya nadella surprised speaking to emily chang.alks unify the company after hundreds of staff threatened to leave following sam altman's firing. employees writing we are unable to work for or with people that lack competence, judgment and care for our mission and employees. microsoft hiring ultimate to lead a new ai group. saying we believe this ultimately benefits microsoft as its ai halo and further controls its destiny. they are in a stronger position now than before when it comes to ai. outperformance on the stock on shares of microsoft. tom: this is the interview of the day on this. how do you get to nvidia does not cover over to the sophomore world of microsoft we know. at rbc capital markets. a boutique firm of incredible ability. they are going to walk in, two guys, a five guy's 500 engineers and they will make two chips or whatever to compete with nvidia. why does microsoft have to compete with nvidia? >> thank you for having me. one is we can all look at nvidia with margins, the rally the stock has had in the revenue grow

does satya nadella want to be in front of congress saying i built that he'd rather have sam altman do that there's reputational costs the money isn't a big deal then there was the time. sam altman and satya nadella, if you've seen a stage in silicon valley, they were staying there together now you have to rebuild from scratch. that partnership gets shaken up. the question is how fast they can do that. it won't be snap your fingers and get these models working off the bat. it takes time. and that can be costly >> malcolm, lastly, we'll talk about ai tomorrow as we lead up to "overtime." nv nvidia, $400 on halloween and now over $500, at the highs of the day. what should we expect here >> yeah. i think for one thing, scott, i want to go back to a statement you made to me last time i was at post 9 with you, which is, this is why it's so tough to time in and out of these megacaps because you never have a clue what the next thing is that's going to happen for nvidia, the conversation has shifted from microsoft just trying to compete with them in the chip space to the incumbents have now be

getting a stronger hold or stronger partnership with open ai out of this it really is just a win for satya nadella. >> this is a big win firstly, the whole episode has shown microsoft's power on open ai and it's cemented the ability and perhaps able to pull the strings going forward. secondly microsoft would rather sam altman stay with openai rather than microsoft. open ai needs to stay ahead. it moves with that startup kind of mentality and speed one of the things we've seen in the past is when startups or startups get gobbled up by these huge tech companies, at times the innovation of the pace might slow the abilitying to move quickly might deteriorate. by keeping sam altman in a, woing structure with open ai, with trying to stay ahead of a number of investors, thropic, google, amazon, this is a good move. >> many employees said they would make the move to microsoft and there could have been legal problems with that let's get a check with josh on his take great to see you thanks for joining us from miami. what was your view when you saw the headlines this morning, a few hours ago, this d

after altman was ousted, satya nadella said others would join remember microsoft is one of the biggestpenai backers hundreds of employees signed a letter after that saying if the board didn't resign and bring altman back, the overwhelming majority would move to work with him at microsoft on x altman said, quote, i love openai and everything i've done in the past few years has been in the service of keeping the team and its mission he added he's looking forward to a strong partnership with microsoft. the major investors including microsoft, of course, pushed to get altman back as ceo behind the scenes they hail altman's return back it is an interesting board summers with connection to the government and regulators. taylor, the former ceo of salesforce, an open company. it's got room. microsoft shares interestingly slightly higher than preterm market and what seems like a positive outcome for the tech giant. >> you mentioned microsoft was up when they thought altman and brockman were going to join. how is it being viewed by investors? >> a win/win, i think, quite frankly. if altman worke

of people working gave it -- working together, and no one knows that better than satiety dollar -- satyaadella. guy: taking us back to our question of the day, how much more juice is there in the ai tray? joining us now, emma wall, joining us from hargreaves lansdown. nice to see you. what do you think? emma: i think what we ask this question is the interesting question. i was listening now when you were talking, and the significance of this sector on just the s&p 500, but global markets, is the reason why this woman is such a pointed one. i'm sure all of your viewers are aware of how much nvidia has contributed to the s&p 500. it is 15% of this year's rally. it is up to on a 40% at different points in the year. you have seven stocks delivering most of the gains. what we are looking for here is not just what continues to provide use to ai, but what continues to drive the s&p 500 and global markets. when we are approaching this question we have been looking at similarities between now and before the dot-com bubble bursts, and we are not the only ones on this. my feet has been full of beau

now as to the unfortunate incidents as they related to openai, i think that satya did an incredible job in ai. i think amazon's doing a really admirable job of playing fast catch-up. their partner is a foundation model called anthropic. in the case of microsoft, it's openai. part of the reason investors in silicon valley were challenged when looking at the openai investment was the complications associated with the structure, right? and so i think you heard a lot of calls including from satya over the course of the last week, simplify the structure. put together a reasonable board that makes sense. this needs to be driven by profit motivations at least at the openai level. but i still think there are questions to be answered. in the letter today, it's not clear whether or not ilya is returning. elon said on stage with and rew yesterday, what was the reason he was so concerned? and so i think some important questions need to be asked but if you asked me today, openai is in a much better position, and microsoft is in a much better position vis-a-vis openai than they were three weeks ago.

nadella years ago, and satya nadella said on search, we will never beat google at the game where somebody puts in a search term and we return ten blue links. so what is different now the way that we use google is we ask a question and we get a bread crumb trail of links to follow to find out the answer. chatgpt enabled microsoft bing just gives us the answer, no links. and one of the brilliant things, one of the many brilliant things that sam altman did, if you use chatgpt, when you ask it a question, it does that dot, dot, dot, and it takes a beat before it starts to print out the answer do you know that that's actually deliberate on sam's part to give you, the user, the impression that there's some sort of magic happening behind the scenes? it actually doesn't need that pause. it could start spitting out the answer within a nanosecond if it wanted to. that's the level of thought that's gone into that chatgpt product, and giving people the answer versus google, which tells you where to find the answer, that was the horse race. i still think that's a threat to google, and i say that as an

executives with microsoft ceo satya nadella that were extremely excited to share the news of sam altman and greg brockman and several others will lead a new a.i. research team. the microsoft deal might've been a holding pattern just for now for altman according to the verge. this is after altman this afternoon just tweeted and hinted that he might be back at open a.i. writing that we are all going to work together some way or another and i'm so excited, remember that microsoft is the biggest open a.i. investor, they committed at least $12 billion but the first person to actually invest or donate at the time to open a.i. was elon musk, elon musk tweeted is very important for the public to know why the board felt so strongly about the actions if it was a matter of a.i. safety, that would affect all of earth. also this morning over 70% of openai staff have now threatened to quit and join almanac microsoft if the board did not resign in altman is reinstated. even the alleged coup leader says he is regrets on the board's actions this weekend. as of the apex ceo summit listening with sam a da

research team according to the post on x by satya nadella, the ceo of microsoft the chairman of the board greg brockman as we will join on friday afternoon, four open a.i. board members voted to fire altman as ceo. the potential dangers over artificial intelligence and the board did not believe altman was communicating honestly with them altman was notified on friday that he had been fired then greg brockman, the chairman, was stripped of the role and told he would be ceo, but quit in protest. others also resigned this stocked the employees and major investors including microsoft which did not know any of this. they were told after the fact. they pressured the board members to bring altman back on sunday, altman posted a photo at x wearing a visitor badge saying first and last time i wear one of these. i think with the hope of working there. talks between altman and the board reached an impasse over the makeup of the roll of the board. the microsoft ceo announced that altman would join the new microsoft research team. open a.i. has hired former twitch ceo emmett shear. i'm told when that

cooperation, here i completely agree with you , on the other hand, what was disturbing, we understand that satyaame out just on the eve of these important hearings, and there was such a passage, i do not know whether attention was drawn to it or not, quoting schusner, now both tasks will become much more difficult with the start of the war in israel, the center of attention of ukraine's allies in the united states and europe and the world has quickly shifted to the gas sector, and president biden has also tried to break the deadlock, but it is not very successful , we were assured, and they did it quite convincingly, that there would be no shift in the focus of imagination, but when there are extremely harsh actions in two theaters of war at the same time and we understand that in the middle east ... the situation can also to rapidly deteriorate, taking into account the possible entry of not some, god forbid, yemen, but iran and so on , well, accordingly, we understand that they can really develop, blur, or rather certain focuses of attention, we never wanted, you know, to end up in the role of

. >> reporter: final question for you, satya nadella, a lot of heavy hitting investors and business people in the silicon valley stepping up publicly to essentially demanding that altman gets his job back. have you ever seen that dynamic before? >> have i never seen that before in all these years. at least it wasn't as public. but now founder ceos are in the media, we know a lot more than we did back in the days when steve jobs was fired the first time. this is unprecedented in terms of loyalty from the industry leaders, loyalty from his own employees, and everyone who wants sam altman back. >> okay, well, it's all part of your research. good luck with everything. thank you for joining us on this thanksgiving eve. dr. priya kanaan from san jose state. >>> we mention friends and family for thanksgiving. we know now days it costs a lot more money to feed everyone. and many of our bay area families are struggling. we told you this about yesterday. horn barbecue in oakland went up in flames, but that didn't stop the restaurant from hosting its annual turkey giveaway. this is today, just after

he had just been hired to lead its new artificial intelligence team, satya nadella, the ceo of microsoft, who has a very expensive investment in openai, ended. hiring away sam altman and his co-founder greg brockman, who also left to build essentially a competing ai advanced research lab. >> microsoft. and altman are both tweeting minutes apart tonight. >> both say they are pleased with this new separate arrangement and look forward to partnering together on the future of ai as part of the agreement for altman's return, a new openai board will be chaired by former salesforce ceo bret taylor, former treasury secretary larry summers and current board member adam d'angelo. the co-founder of quora. new developments tonight on a story and a piece of video that we showed you here last night exclusively. a mother charging onto a basketball court in the east bay and grabbing a boy who was scuffling with her son. the video went viral and many are furious about what they saw and what didn't happen afterward. tonight, abc seven news reporter j.r stone with new information from police. who this scuf

satya nadella, microsoft ceo, has played a0 chess and won. right.cessful, talented ce05 in al to work in house. and he's bringing all this top talent. what you have to understand is, is microsoft has a deal with 0penai is microsoft has a deal with 0penai and it's very, very expensive. microsoft is essentially financing all 0penai's ai development, but this is them getting it all in house cheap. they don't have to pay a lot of money, you know, for 0penai to do this stuff when they can do it themselves. so this is a great move and a big win for microsoft. 0kay. 0k. win for microsoft. where does it leave 0penai? that's a great question. some altmann was sacked because a group of people at 0penai think that, well, we don't know the details, but what we do know is that there are these this battle between people who think you have to launch ai, you have to put it into products. you have to make money to make ai. and other people who think that moving too fast, fast risks creating a. that could have devastating consequences. these a. rumours and ai rumors

and they put him this interim guy, emmett shear, and microsoft, the ceo, satya nadella, actually posted a tweet this morning right here saying, yes, we're stay committed to openai as a partner. right. microsoft is a big investor in openai. but but we're extremely excited to share the news that sam altman and greg brockman, together with colleagues, will be joining microsoft to lead a new advanced ai research team. my goodness, what does that mean? what are they going to be doing at microsoft? >> so it is a phenomenal move on part of microsoft, right. as you mentioned, kristen, microsoft was an original investor in openai, right? they obviously know how openai works. now for them to hire the former ceo. well, guess what? they're taking all that knowhow from openai. right. and that's going to microsoft, right? so instead, we're we're seeing an investment and a collaboration. now, microsoft has the top team from openai. it's a phenomenal move on their part. >> and not only are they getting it seems like they're getting sam altman right. but we also heard 500 out of the 700 employees at ope

he had just been hired to lead its new artificial intelligence team, satya nadella, the ceo of microsoftensive investment in openai, ended. hiring away sam altman and his co-founder greg brockman, who also left to build essentially a competing ai advanced research lab. >> microsoft. and altman are both tweeting minutes apart tonight. >> both say they are pleased with this new separate arrangement and look forward to partnering together on the future of ai as part of the agreement for altman's return, a new openai board will be chaired by former salesforce ceo bret taylor, former treasury secretary larry summers and current board member adam d'angelo. the co-founder of quora. new developments tonight on a story and a piece of video that we showed you here last night exclusively. a mother charging onto a basketball court in the east bay and grabbing a boy who was scuffling with her son. the video went viral and many are furious about what they saw and what didn't happen afterward. tonight, abc seven out and his family were already gone. >> we had just that, that one side of the story at th

we know such a nigella -- santa ana della -- satya nadella has been at the center of these negotiationsotally unaware of these discussions. you would think a company that owns 49% of your commercial organization would at least get a say in whether you are going to remove the ceo. they were not warned, so that is something that they were livid about according to our story and the ceo has said he would back sam altman returning to openai or whatever he chooses to do next. they have a good alliance. anna boko at the same time we know the narratives of the founder of being exiled from the company they founded and eventually returning in triumph is part of silicon valley law. can you see similarities between what happened with jack dorsey and twitter, apple and steve jobs, and what does that set us up in terms of what sam altman's next act could be. microsoft is considering investing in his next venture. >> either way, sam altman comes away with the money to do something else, whether it is returning to openai or any of the other ventures he has on the mind. the thing that is so shocking abo

sunday evening it was clear it was the best path for me, and the team with the new board and with satya'support, i'm looking forward to returning to openai and building a strong partnership with microsoft in return microsoft said we're encouraged we believe this is the best path getting back to coding tonight he hit the keyboard. meantime he also posted this photo, take a look 2:41 a&m eastern time with the comment, we are so back. the soap opera, i don't know if it's officially over, but i think we're into extra innings at this point. >> two things that struck me like everything else, that was fast. >> i don't know if it's done i wonder if it raises questions. if it faces questions from regulators. >> could sam have said openai or chatgpt, write me an "i'm staying" note, because that's exactly how i would have said it i love the team. with the help of larry summers -- go ahead, i'm sorry. >> no, i was going to say the two big things that struck me is the role of bret taylor. he had a major roll at twitter, as the chairman of twitter you can look at his role of twitter on a very good side

. >>> satya nadella is leaving it -- nadella said he's open to both options, meaning that they could stay at microsoft or go back to openai. this comes after about almost 700-plus employees of the 770 employees of openai signed a letter threatening to jump ship if the board does not reinstate altman. >> microsoft's stock, by the way, the company stock soared yesterday to the highest ever closing price. cnn has also learned that altman was ousted because he wanted to move faster than the board did. certainly not the last we've heard about that. >>> more to come. >>> we should more know about the hostage deal. stay heat with cnn for that. he s one grocery store will stop at nothing to make sure you save more on the brands you love. starring produce, and...... you... as the super saver, in....bargain bliss bliss, bliss, bliss todd we talked about this. our deals are just so epic. i know, todd. i know. ♪ grocery outlet bargain market ♪ ♪ >>> a deal to free a significant number of hostages held by hamas terrorists could come as soon as today. that's the latest word from mult multiple sour

is, i’ve been like this all my life, one might say, there with my dark hair, but then no one knew satyar way around, somewhere it’s even flattering, well, how offensive it can be, because it seems to me, after all, sati is included, well, in such a circle of some of our russians, well, i’m vitalina, you can love me like vitalina, but i think that sati, after all, well, few people will say that i don’t like her , your fate with sathya casanova"? similar or not, well, i think it’s partly similar, like her, i have three younger sisters, but i have another older one, that is, such a family of women, but probably the similarity is that in our personal lives we were somehow in no hurry, is your husband italian too? no, unfortunately, not italian, but somehow we were never in a hurry to get married faster, something like that, there was no such obsession, that is... in life, now it’s very similar to sati, it seems, it seems, yes, yes, smile, by the way, smile, yes, who are you by profession, vitalin, well, in general , i’m a marketer by profession, but i didn’t work as a marketer, i worked bef

how big of a coup is that for satya nadella and how does he view the investment in open a.i. >> i lookt it as damage control. microsoft has got $11 billion invested in this company as a result of that, a large amount of value is tied up in the founders and engineers in the company. more open a.i. starts to move to microsoft and it will follow sam altman there he could view this as stage one of what i always speculated would happen which is a complete acquisition of open a.i. by microsoft. stage two is it acquires all of the agolgorithms left behind. >> the foundation of the hype with artificial intelligence going back a year ago when microsoft disclosed this stake and now that there is some much going on within the company and could co-founder left and going microsoft and what does this mean for open a.i. which was seen as the trailblazer? >> i don't think it means enormous amount. the technology of large language models are fairly established. open a.i. still has a significant lead in making high quality large language models. open a.i. was the giant in the industry if it implodes, it

jon: a final question for me, and certainly i would never criticize satya nadella. ceos in corporate america. but clearly some missteps. what do you think the lessons of the last week will be for him and for microsoft? mandeep: i mean, when you make a $13 billion investment, take a 49% stake in a company, you take a board seat as well so you know what is going on. in this case they were blindsided by the developments, and he mentioned that, and clearly i think that was the lesson for microsoft here. jon: thank you, sir. mandeep singh of bloomberg intelligence. we have said this is not someone like satya nadella does business, but it clear missteps on microsoft's side. tom: they are saying this is a microsoft victory. i will let you explain how. but i do agree, the shock of this within the niceties of the foreignness of seattle and silicon valley, i mean, -- lisa: it is a victory because they are going to win no matter what. they have a 49% investment. in this case they preserve their investment, and there ai capabilities have just been highlighted. tom: but there is

capitalism satya nadella was talking about. that only works if we serve culture and humanity needs as well that will be debated here. >> maybe you can serve humanity's needs without being a nonprofit. deirdre, thank you deirdre bosa and then can you raise money and keep investors happy >> exactly we'll get nvidia tonight and talk about it in the morning let's get to "the half." >>> carl, thanks so much welcome to "the halftime report." i'm scott wapner front and center this hour, the countdown to nvidia earnings, what's really at stake for that stock and for the tech trade at-large the investment committee on the case joining me josh brown, stephanie link, amy raskin, jim lebenthal. a lot of nvidia shareholders today, which is a great thing. let's check the markets. we're in the red we've had this winning streak for five days in a row for the nasdaq, look at the 10-year note, 4.40 josh, let's start with you you are the nvidia person for the longest time what's at stake tonight, do you think? >> i think they're going to have to

i thought it was telling that microsoft's ceo satya nadella's tweet ended with we look forward to moving their success by highlighting resources i think he's talking to the whole industry saying come over we have the compute power and the gpus to enable this technology. >> deirdre, the signing of the letter, you the board, he was a part and conceivably he made key decisions, are responsible for this, you should all resign, i don't know how to react. it's bizarre. >> neither do i. >> to say the rest >> neither do a lot of people i speak to, except it may be the idea he's just trying to keep the business itself afloat because it operates on the people that they hire, and it had as recently be an $86 billion valuation. how does it keep near that if they're losing 500 employees. >> $86 billion they were valuing it as a potential for employees to sell shares we can only guess what the number is. it's far lower right now who are the losers here beyond those employees who own shares i know there are a number of others who are in there, i assume, and are going to have to take some bad marks pote

up 12% for the month overall with the openai saga for the com the view has been satya nadella has endedp stronger and microsoft stronger after the back and forth with sam altman and the back and forth as the head of openai. earnings have been resilient across the tech sector. hoping to boost the opt miss i am woptimism with the growing rates expected next year. citigroup up 16%. jpmorgan chase up 10%. strong performance with the banks. and the laggards here as you see. joumanna, with the strong performance with stocks and bonds is what brings on the ga gains for 2024 is what has been priced in? >> everyone was saying we will see margin compression, margin compression, margin compression. that was october. now people in november are talking about the macro. november was the month where vo started thinking about not just hi higher, but what happens when something breaks? the central bank is not ready to talk about rate cuts and the market doesn't care. they are pricing in 100 points of cuts mennext year. that is the catalyst for the strong performance in equities for the month of november

suddenly, satya nadella, the ceo of microsoft gets to call sam altman, and the former chairman of the board and gets it essentially for nothing. it puts microsoft into the running alongside alphabet, meta, and other players in ai. suddenly he has his own lab run by the top people of ai and looks as if the internal people inside ai are threatening to join microsoft to do that. and, again here, chris, we don't know why he was initially fired. whatever it was, microsoft doesn't seem to be concerned about it. sam altman, the face of ai works for microsoft. this is changing hour by hour. we'll stay on it for you. >> keep us posted thank you. >>> the gag order hearing, and whether they can be used to make his case. we're back in 60 seconds. can't stop adding stuff to your cart? get the bank of america customized cash rewards card, choose the online shopping category and earn 3% cash back. he hits his mark —center stage—and is crushed by a baby grand piano. you're replacing me? customize and save with liberty bibberty. he doesn't even have a mustache. only pay for what you need. ♪ liberty. l

that is for you stuart varney, let's start with microsoft, what is satya nadella saying about his returnncouraged by the changes to the openai board. we believe this is the first essential step to the more stable well-informed ineffective government. they were caught off guard when the face of artificial intelligence sam altman is given the boot at the company. they like there's a new board and things are returning back to the new normal. unclear microseconds more control if the board is seen on this newborn and if microsoft takes on a big role they do risk regulators crosshairs. the farm equipment maker, the green and yellow folks dear reported, down nearly 6%, what went wrong. >> they said that they expect all the businesses that they operate to see sales decline by at least 10% this year. ouch. it is expensive to buy farm equipment and there is a high cost of borrowing right now facing farmers a nag companies that's why the stock is down 6%, caterpillar arrival down in sympathy. the deal is that caterpillar is a dow stock so when this is down, that is shaving point and is shaving 50 p

don't miss it we have a cnbc exclusive with satya nadella he will be live from microsoft's annual ignite initiatives at microsoft it's a $2,750,000,000,000 market cap company. 1:00 p.m. eastern, don't miss it we'll be right back. c'mon, we're right there. c'mon baby. it's the only we need. go, go, go, go! ah! touchdown baby! -touchdown! are your neighbors watching the same game? yeah, my 5g home internet delays the game a bit. but you get used to it. try these. they're noise cancelling earmuffs. i stole them from an airport. it's always something with you, man. great! solid! -greek salad? exactly! don't delay the game with verizon or t-mobile 5g home internet. catch it on the xfinity 10g network. >>> president biden and chinese president xi jinping set to meet later today in san francisco eamon javers is there and he can tell us at least what we are expecting. eamon? >> good morning, david president biden landed in san francisco late yesterday he was greeted by local officials and headed off to a democratic party fund-raiser last night chinese president xi jinping also landed shortly aft

cements microsoft's interest in investigation investment in openai, and it has the ceo of microsoft, satyaertwined. they won't be surprised when, say, oh, ceo sam altman is fired. sam altman is not on this new board, and openai is ran like the a nonprofit. they don't answer to investors. their financial backer is microsoft. they answer to humanity and advancing technology to benefit humanity. stuart: we're often aa caused of spending too much -- accused of spending too much time on microsoft because i do own a thin sliver of it. you own microsoft too, don't you? >> absolutely. i think you have to own it. for me, american ingenuity portfolio, that, to me, is core inyes e knewty. as for what's happening with openai, it was a little weird from my point of view that microsoft didn't have a board seat before. i think it's still a little weird that it's a non-voting board seat now that they finally have one. remember, microsoft owns 49% of openai, and it's been valued at as much as a $100 billion. the question is, do they monetize it, or do they, as lauren pointed out, leave it for the men benef