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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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Mar 17, 2026 / Tyler Durden
US Pending Home Sales Barely Bounce Off Record Lows Despite Tumbling Rates In Feb
US Pending Home Sales Barely Bounce Off Record Lows Despite Tumbling Rates In Feb
After reaching a record low last month - with the decline blamed on weather - pending home sales bounced modestly in February (up 1.8% MoM vs -0.6% MoM exp and -10.% MoM prior).
Year-over-year home sales continue to decline (down 0.6% YoY)...
Source: Bloomberg
...just barely off of all-time-record lows...
Source: Bloomberg
Pending home sales in the South, the biggest home-selling region in the country, increased 2.7%.
They rose 4.6% in the Midwest and edged up in the West.
Contract signings dropped in...
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Apr 14, 2026 / Tyler Durden
With Private Credit We See The Credit Cycle Hasn't Been Repealed
With Private Credit We See The Credit Cycle Hasn't Been Repealed
Authored by Jay Rogers via RealClearMarkets.com,
Something cracked in private credit this month, and the men who manage systemic risk for a living are saying so.
Goldman Sachs CEO David Solomon's just-released 2025 annual shareholder letter warns that concerns about private credit - including "underwriting quality or exposure to software companies that may be negatively affected by AI" - are "a reminder that the credit cycle has not been repealed." His predecessor Lloyd Blankfein went further on Bloomberg's Big Take...
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Mar 29, 2026 / Tyler Durden
Gamer Backlash Hits Sony After PlayStation Price Hike: "Older Stuff Should Get Cheaper, Not Expensive"
Gamer Backlash Hits Sony After PlayStation Price Hike: "Older Stuff Should Get Cheaper, Not Expensive"
Gamers, already upset over rising memory, CPU, and GPU prices, woke up to more bad news this morning. This time, Sony posted a new entry on the PlayStation Blog announcing price hikes for the PS5, PS5 Pro, and PlayStation Portal, blaming “continued pressures in the global economic landscape.”
"We know that price changes impact our community, and after careful evaluation, we found this was a necessary step to ensure we can continue delivering innovative, high-quality gaming...
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