Sam Altman's Firing Opens Huge Opportunity for Tech Giants

By Travis Hoium – Nov 20, 2023 at 9:18AM

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Big tech could take advantage of OpenAI's blunder.

Sam Altman was fired from OpenAI on Friday night, putting one of the most valuable tech start-ups in the world into turmoil. In the fast-moving artificial intelligence industry even a small loss of confidence or talent can change your fortunes.

In this video, Travis Hoium discusses how tech companies may take advantage of the turmoil at OpenAI.

*Stock prices used were end-of-day prices of Nov. 18, 2023. The video was published on Nov. 18, 2023.

Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Travis Hoium has positions in Alphabet. The Motley Fool has positions in and recommends Alphabet, Amazon, Microsoft, and Oracle. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.