🚨 MICROSOFT ABOUT TO SUE OPENAI & AMAZON
>be microsoft
>invest $1B in openai
>gets exclusive azure cloud deal
>invest another $10B+
>gets rights to 49% of profits +IP
>Azure goes brrrrrr
>Altman lies to board, quietly launches ChatGPT
>board fires him for being a lying manipulative snake
>Satya goes to war for Altman. saves his entire career
>Altman retvrns in 5 days
>immediately purges everyone who purged him
>full control. no oversight. thanks Satya!
>fast forward to 2025
>OpenAI restructures from non-profit to PBC
>MSFT $13.8B is now worth $135B. 10x return
>plus 27% of OpenAI
>but gives up cloud exclusivity + profit share
>KEEPS API clause
>all API calls contractually MUST route through Azure
>Satya thinks life is good lol
>5 months later
>Sam Altman becomes strong enough to betray you
>"raises $110B round"
>doesn't need satya daddy's money anymore
>announces $50B deal with AMAZON
>$138B in AWS cloud commitments
>amazon and openai claim they built some cope called a "Stateful Runtime Environment"
>Microsoft lawyers hmmm
>Altman: it's not what it looks like. i can totally explain
>so it's technically not an API call because it's "stateful"
>and it's a... "Runtime Experience"
>totally di!erent thing
>pls ignore the TCP packets lol
>Microsoft engineers look at the SRE architecture
>"THIS IS NOT TECHNICALLY POSSIBLE without violating the contract."
*Satya finds out he's been cucked*
Microsoft exec literally tells FT: "We know our contract. We will sue them if they breach it."
>AWS quietly gives employees a memo on which words are legally safe lmao
>can say: "powered by" or "enabled by" or "integrates with" OpenAI
>cannot say: "enables access to" or "calls on" ChatGPT
>also cannot suggest frontier models are "available on AWS"
Microsoft: "If Amazon and OpenAI want to take a bet on the creativity of their contractual lawyers, I would back us, not them."
Scam Altman strikes AGAIN.
everyone wants a village, but no one wants to be a villager
> drive your friends to the airport
> go to their party even when you're tired
> stop cancelling last minute
> host at your place
> support the wins & losses
it's worth every ounce of effort
First of all, "Middle East" is a broad descriptor for a region that has both Saudi Arabia and Iran, which are at extreme ends of the ideological/imperial spectrum.
Modern Iran is a country born out of, and built entirely around anti-imperial revolution, while Saudi Arabia and the UAE are direct US/Israeli vassal states with US military bases on their soil. So when you say "Middle East," which one are you referring to?
Second, if I assume you're referring to Iran (since Saudi, UAE, Kuwait, Bahrain etc have no independent foreign policy of their own), you'll have to explain where and when Iran ever did anything to you as a Nigerian or as an African. Is Iran the country sponsoring terrorism in your country so that it can grab your minerals for free?
Is Iran the country that instigated a civil war in your country that left 3 million people from your ethnic group dead? Is Iran the country that facilitated multiple coups in your country so that it could gradually seize control over your entire governance structure and become the biggest beneficiary of your own resources? Did Iran assassinate your sitting head of state on at least one occasion? Has Iran spent decades pressuring your government to allow it to build a foreign military base on your soil? Did Iran carry out a regime change operation in your country after you had just become Africa's largest economy growing at 7% annually, and replace your PhD president with a semi literate who made it shed half its GDP in 8 years?
Did Iran install a drug dealer as your president and then protect him from disclosure with its court system for the past 4 years? Did Iran impose Structural Adjustment Programs on your economy and make your currency lose 99.7% of its value between 1986 and 2025? Did Iran take away all your best brains after destroying your economy and make them drive buses and work in care homes in Iran?
And if Iran did none of these things to you but the other side did, then what exactly is your problem with Iran?
The "British mind" truly is a masterclass in wanting to have your cake and eat it, too.
They've spent years shouting from the rooftops that universities are bloated, inefficient relics that shouldn't see a single extra penny of taxpayer money. They mock students for taking on debt, telling them it's their own private investment, and then act shocked when those same institutions, forced to survive as businesses, start looking for customers who can actually pay the bills.
It is a spectacular display of circular logic, they refuse to fund the schools because "they don't benefit everyone," but then we get outraged when they find a way to stay afloat without it. You can't starve an institution of public air and then complain when it starts breathing through a private straw.
This irrationality becomes even more glaring when you look at how they treat international students, particularly those from China, who have become the convenient villain in the latest headlines. These students are effectively the primary benefactors of the British higher education system, often paying two to three times the tuition of a home student. They are quite literally subsidizing the training of British scientists and engineers. They bring massive amounts of disposable income into the local economy, and for the most part, they are eager to take that expertise back home rather than "taking jobs" here. (Everything the right accuses international students of, well it is hard to sell any of it on Chinese students).
Yet, instead of being seen as the financial lifeline that keeps the lights on at Oxford or Imperial, they are framed as a threat or a symptom of "reckless self-neglect".
It’s the ultimate "foreigner bar argument" reached through mindless contradiction. They want the prestige of elite science hubs, but they don't want to pay for them. They want international capital to save our struggling campuses, but they don't want the international students to actually show up and sit in the seats.
George called this "venture capital." The actual mechanism was liquidation preference math.
FanDuel raised over $416 million from investors including KKR and Shamrock Capital. Those investors negotiated liquidation preferences totaling $559 million, meaning they got paid first in any acquisition. The Paddy Power Betfair deal closed at $465 million. $465M is less than $559M. Founders and common shareholders got zero by contract.
The founders didn't agree to this deal. KKR and Shamrock used a "drag-along right" to force every minority shareholder to accept. Nigel Eccles and four other co-founders received a legal notice that their shares were being sold for nothing, and they had no mechanism to stop it.
The CEO who collected $11.3M? Matt King. He previously worked at KKR, the same PE firm that exercised the drag-along. The C-suite payouts were golden parachute provisions written into the acquisition documents. The people who structured the deal wrote themselves into the payout.
That $11.2B valuation three years later tells you everything about the timing. Flutter paid $4.1 billion in December 2020 just to increase its FanDuel stake from 61% to 95%. By 2022, an arbitrator valued FanDuel at $20 billion. Today FanDuel does $5.8 billion in annual revenue and Flutter values it around $31 billion.
The founders sued. Over 100 former employees joined them. They alleged KKR and Shamrock intentionally kept the acquisition price below the $559M threshold to wipe out common shareholders and retain a 40% stake in the new FanDuel Group for themselves. That lawsuit is still fighting a motion to dismiss in New York Supreme Court.
The label "venture capital" lets the mechanism off the hook. A PE firm used contractual control rights to force a below-threshold sale, zero out founders, install friendly management with golden parachutes, and capture the entire upside of a company about to ride the biggest regulatory tailwind in sports betting history. PASPA was struck down the same month this deal closed.
The term sheet is the product. Every founder reading this should be reading their liquidation preference and drag-along clauses tonight.
A social media platform for AI bots, “Moltbook,” just launched: a Reddit-style social network built exclusively for AI agents.
They post, discuss, upvote, and form subcommunities. Humans can only watch and lurk.
In under 3 days, more than 1,700 autonomous agents have joined.
Parents , please stop sending your kids to school with the mindset of thinking they are untouchable.
I will be raising my kids to spin their jaw in different ways.
I’m not part of the problem, but I am a problem solver.
1/
Cross-border money movement for people and businesses across Africa is still stuck in the past. Days-long settlement times, expensive intermediaries, and unpredictable FX costs are the norm.
@relaybyjenzy is building on @base to change that, making moving money across borders feel as simple as sending a message.
Strongly agree.
Went to Oxford to speak to some African scholars from this year’s cohort and this was the crux of my message.
You should be going to bed tired after a long day of giving yourself fully to your passions and studies and hobbies. That is how to truly live.
Looking to hire cracked dev at @jenzyhq
> ios/react native
> contract to convert full time
1/2 interviews, no corporate BS
Will work closely w/ me and
@faisal_p42
Location: london (ideally) but can make remote work if ur good enough
Reply/dm with your CV & portfolio