IRGC Navy Turns Back Containership Seeking Hormuz Passage As Iran Starts Charging $2 Million Toll

Vance Warns Iranians Ahead Of Pakistan Talks: US "Has All The Cards" & "We Want The Nuclear Fuel" Summary:  Vice President Vance (who's been tapped to lead talks) warns Iranians: Trump "has all the cards" and cannot have a nuclear weapon. Follows Pentagon/WH declaring "total victory". Iran says it has upper-hand. US, Iran agree to meet for first direct talks in Islamabad. Situation fragile given that Iran is threatening to hit Israel again over IDF's massive Lebanon airstrikes. Tehran says 3 clauses already violated. Iran meanwhile demands stiff fees for ships passing through Hormuz during the ceasefire, and...

Microsoft Slides After Amending OpenAI Partnership, Will No Longer Pay Revenue Share Microsoft and OpenAI announced an amended agreement to "simplify" their partnership structure and to change Microsoft’s license to be non-exclusive and it no longer paying a revenue share to OpenAI. As a result of the amendment, Microsoft remains OpenAI’s primary cloud partner, and OpenAI products will ship first on Azure. Microsoft will continue to have a license to OpenAI IP for models and products through 2032. Revenue share payments from OpenAI to Microsoft continue through 2030. Microsoft will also continue to...

Murray Rothbard based much of his work on property rights, and in this piece, Ludovico Lumicisi applies Rothbardian thinking to the technology of our digital age.