Does Billionaire Ken Griffin Know Something Wall Street Doesn't? The Citadel CEO Dumps $750 Million in Microsoft Stock

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Does Billionaire Ken Griffin Know Something Wall Street Doesn't? The Citadel CEO Dumps $750 Million in Microsoft Stock

Ken Griffin, CEO of Citadel, has sold nearly 70% of his Microsoft stake, amounting to $750 million. This move comes amid concerns about Microsoft's relationship with OpenAI, which may be deteriorating as OpenAI shifts to a for-profit model. Additionally, Griffin's fund has made significant changes to its portfolio, selling off major stakes in other tech giants like Amazon and Apple.

The potential fallout from Microsoft's changing dynamics with OpenAI could impact its AI initiatives, particularly with Azure Cloud's role in supporting AI models like ChatGPT. Furthermore, the U.S. Federal Trade Commission is investigating Microsoft for alleged anti-competitive practices, which could add regulatory pressure. Despite these challenges, Microsoft remains a key player in AI, though investors are advised to consider other opportunities.

• Ken Griffin sold 70% of his Microsoft stake amid market shifts.

• Microsoft's relationship with OpenAI may be facing challenges.

• FTC is investigating Microsoft for potential anti-competitive practices.

Key AI Terms Mentioned in this Article

Generative AI

Generative AI refers to models that can create content, such as text or images, based on input data.

Azure Cloud

Azure Cloud is Microsoft's cloud computing service, providing infrastructure for AI applications.

OpenAI

OpenAI is an AI research organization known for developing advanced AI models like ChatGPT.

Companies Mentioned in this Article

Microsoft

Microsoft is a leading technology company heavily invested in AI through its Azure Cloud and partnership with OpenAI.

OpenAI

OpenAI is a pioneer in AI research, known for its development of generative models like ChatGPT, which rely on Microsoft's Azure for computational support.

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