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Microsoft Slides After Amending OpenAI Partnership, Will No Longer Pay Revenue Share
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...
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Aug 6, 2026 / Tyler Durden
Iraq-Syria Pipeline to Bypass Hormuz Could Be Revived Within 3 Years
Iraq-Syria Pipeline to Bypass Hormuz Could Be Revived Within 3 Years
By Tsvetana Paraskova of OilPrice
An old Iraq-to-Syria oil pipeline that bypasses the Strait of Hormuz could be up and running within three years, a senior Syrian official has said.
The Hormuz crisis that cut off most of Iraq’s crude oil exports has accelerated plans by Iraq and Syria to rebuild a damaged oil pipeline to ship crude oil from the Iraqi fields in Kirkuk to Syria’s Mediterranean coast.
The completion of the renovation of the pipeline from Haditha in Iraq to...
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Apr 29, 2026 / Tyler Durden
Bank of Canada Keeps Rates On Hold As It "Looks Through War's Immediate Impact On Inflation"
Bank of Canada Keeps Rates On Hold As It "Looks Through War's Immediate Impact On Inflation"
As expected, the Bank of Canada - which was the day's first G5 central bank to hit the tape ahead of the Fed's decision at 2pm ET - held interest rates unchanged at 2.25% as expected, saying adjustments to borrowing costs would likely be small if the economy and inflation evolve as expected, while stating that it is looking through the war's immediate impact on inflation but will not let higher energy prices become persistent...
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May 12, 2026 / Dave DeCamp
Pentagon Planning To Rename Iran War ‘Operation Sledgehammer’ If US Restarts Bombing Campaign
The Pentagon is considering renaming the war with Iran from “Operation Epic Fury” to “Operation Sledgehammer” if President Trump decides to restart the full-scale bombing campaign against Iran, NBC News reported on Tuesday. Sources also told NBC that the US currently has more firepower in the region before the US and Israel launched the war […]
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