Hong Kong Stock Market News | AINNOVATION surges over 7%, leading the AI concept. Open AI CEO ousted, institutions predict accelerated technological democratization.

Zhitong App learned that AI concept stocks rose across the board today. As of the time of writing, Innovax Holdings (02121) rose 7.62% to HKD 9.75; Meitu (01357) rose 6.98% to HKD 3.37; SenseTime-W (00020) rose 4.05% to HKD 1.54; Tencent (00700) rose 3.62% to HKD 326.6.

On the news front, in the early morning of November 18th, OpenAI's parent company, OpenAI, suddenly announced the dismissal of its CEO, Sam Altman, effective immediately. Subsequently, there were media reports that the OpenAI board of directors is in discussions with Sam, attempting to bring him back as CEO. However, Sam's attitude towards returning as CEO is "contradictory" at the moment.

The Tianfeng Computer team believes that OpenAI's future commercialization of new products may slow down, which could also have an impact on Microsoft's pace of launching new products. OpenAI's future products are expected to have better alignment in terms of performance, and due to the departure of personnel, it is also possible to accelerate the average technological development and reduce the gap with other companies. However, this incident may not affect the already released new products and features.