I think that’s easily explained by how levered Microsoft is to OpenAI/Altman. Microsoft would likely suffer hundreds of billions of market cap destruction as we

I think that’s easily explained by how levered Microsoft is to OpenAI/Altman. Microsoft would likely suffer hundreds of billions of market cap destruction as well as major reputation damage if this partnership collapsed and on a personal level Nadella would very possibly have to step down, giving him even more reason to want this to succeed. I think people are so tempted to contrive these multilevel conspiracy theories where Nadella and Altman are thinking many moves ahead while the board is just a slow moving group of idiots when the much simpler explanation is they are desperately trying to restore confidence. I think the main tell on this besides what was already said was Nadella making the announcement before market open- this is a guy feeling major pressure from shareholders about the strategy. The problem with that though is that he is making impulsive decisions with imperfect information and taking major reputation risk in the process.