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Top stories today:
- Microsoft, OpenAI drop AGI-linked IP clause in amended deal
- Musk-Altman trial seats nine-person jury ahead of opening arguments
- OpenAI misses ChatGPT weekly users goal, multiple revenue targets
- Google signs deal allowing U.S. DoW to use its AI for any lawful purpose
- Xiaomi open sources MiMo-V2.5 models, touts agentic task efficiency
- Ineffable Intelligence raises $1.1B, Europeās largest seed round
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
Listen to our AI-generated podcast summarizing todayās newsletter (beware of hallucinations):
1. Microsoft, OpenAI drop AGI-linked IP clause as Microsoft retains model access to 2032
Representational image generated using ChatGPT.
Microsoft and OpenAI amended their agreement to provide long-term clarity.
OpenAI can offer its products across any cloud provider, per the agreement.
Through 2030, Microsoft will continue to receive a share of OpenAIās revenue regardless of AGI.
Microsoft will no longer share some revenue from Azure sales of OpenAI models.
Previously, Microsoft shared 20% of Azure-based model revenue with OpenAI.
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3. Musk-Altman trial seats nine-person jury, opening arguments set for Tue.
Markets are pricing in a 46% chance that Elon Musk will win the case:
May 21: liability phase expected to wrap, Rogers said.
A remedies phase will determine damages and next steps.
Some jurors said they held negative views of Musk but could remain impartial.
āScam Altman and Greg Brockman stole a charity,ā Musk said on X.
OpenAI called the lawsuit ābaselessā and a bid to derail a competitor.
Musk boosted Ronan Farrowās article on Altmanās alleged deception.
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5. OpenAI said to miss ChatGPT 1B weekly users goal, multiple revenue targets ahead of IPO
OpenAI hit 700M WAUs in Aug. but hasnāt reached its 1B target for 2025-end:
