❌ Microsoft ends exclusive OpenAI deal
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❌ Microsoft ends exclusive OpenAI cloud deal
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📱 OpenAI plans an AI smartphone to rival iPhone
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🚫 China blocks Meta's $2B Manus acquisition
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👀 Musk is about to launch his 'everything app'
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❌ Microsoft ends exclusive OpenAI cloud deal
Microsoft and OpenAI have signed a new agreement that removes Microsoft’s right of first refusal as OpenAI’s exclusive compute provider, ending a major element of their long-standing partnership exclusivity.
Under the deal, Microsoft retains approximately 27% ownership in OpenAI’s new public benefit corporation — currently valued at around $135 billion — with its intellectual property rights to OpenAI models extended through 2032, now including post-AGI systems.
In return, OpenAI has committed to spending an additional $250 billion on Azure services over time.
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📱 OpenAI plans an AI smartphone to rival iPhone
OpenAI is developing a smartphone to directly compete with the iPhone, according to supply chain analyst Ming-Chi Kuo.
The device will use chips from MediaTek and Qualcomm, with manufacturing handled by Luxshare and mass production scheduled for 2028.
Kuo argues that a smartphone is the only device capable of capturing a user’s complete real-time state — including location, activity, and communication — making full control over both hardware and operating system essential for delivering advanced AI agent experiences.
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🚫 China blocks Meta's $2B Manus acquisition
China’s National Development and Reform Commission has blocked Meta’s $2 billion acquisition of AI startup Manus, ordering both parties to immediately withdraw from the deal under foreign investment laws.
Although Manus is based in Singapore, it is owned by Chinese parent company Butterfly Effect Technology. Meta had already integrated the startup’s staff and paid out its investors, including Tencent, ZhenFund, and Hongshan.
A source described the move as “harsh,” calling it a clear warning against similar deals and strategic leverage ahead of next month’s planned meeting between Donald Trump and Xi Jinping.
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👀 Musk is about to launch his 'everything app'
Elon Musk is preparing to launch X Money, a new banking and payments platform designed to turn X into the “everything app” he promised when he rebranded Twitter in 2023, according to Bloomberg.
The service will reportedly offer a savings account with 6% interest and 3% cashback on select transactions, building on last year’s Visa partnership for digital wallets and peer-to-peer payments.
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