2023-11-20 17:07:32 ET
The big shake-up in the artificial intelligence (AI) industry over the past few days rocked the foundations of numerous AI stocks. Among these was one of the sector's leading names, C3.ai (NYSE: AI) , which rallied early on Monday before falling to close down by 4%.
For those unaware, the major event occurred at OpenAI, the developer of the widely used AI flagship program ChatGPT.
On Friday, OpenAI announced that co-founder and CEO Sam Altman was out, to be replaced on an interim basis by CTO Mira Murati. The move followed a board of directors review, which found that Altman "was not consistently candid in his communications with the board, hindering its ability to exercise its responsibilities."
For further details see:
Did Investors Unfairly Punish AI Stock C3.ai on Monday?