Expectations appear to be growing with the news that OpenAI founder Sam Altman has joined Microsoft. OpenAI is a company that developed ChatGPT, a representative generative AI.
|▲ With the news that Sam Altman joined Microsoft, stock prices of related stocks in Korea, including Eastsoft, are rising during the intraday trading session on the 21st.|
On the KOSPI market at 10:31 am on the 21st, Eastsoft’s stock price is trading at 15,640 won, up 12.28% (1,710 won) from the previous day.
The stock price started at 16,090 won, 15.51% (2,160 won) higher than the previous day, and is giving back some of the increase.
Eastsoft has partnered to apply AI human technology to Microsoft’s cloud platform ‘Azure’.
In addition, Coreline Soft’s stock price is also trading at 18,890 won, up 7.57% (1,330 won) from the previous day. Coreline Cost is collaborating with Microsoft to build a digital hospital platform and has also signed a distribution agreement with its subsidiary Nuance.
The industry, including Wall Street, focused on Sam Altman’s future after he was fired by the board of directors. As he is the driving force behind ChatGPT, which drove the generative AI craze, expectations for companies embracing him will grow in the future.
There was a strong market expectation that Altman would return to Open AI or start a new startup, but he ended up joining Microsoft. Microsoft invested approximately 17 trillion won in OpenAI and currently holds a 49% stake.
Microsoft is developing its own generative AI, and it is expected that Sam Altman’s joining will be ‘a great success.’ As the generative AI industry has emerged as the most promising next industry, competition among global companies to dominate the market is currently fierce. The previous day, Microsoft’s stock price closed 2.05% higher on the U.S. stock market.
Accordingly, the stock prices of domestic Microsoft-related companies also appear to be rising. Reporter Kim Tae-young