Aaron Holmes / The Information:
Microsoft and OpenAI remove a clause that would have given Microsoft IP rights until OpenAI achieved “AGI”; Microsoft retains use of OpenAI's models until 2032  —  Microsoft and OpenAI amended the terms of their arrangement, allowing OpenAI to sell its models on competing cloud providers, the companies said on Monday.

Mike Wheatley / SiliconANGLE:
Quantum Art, a quantum computing startup focused on enhancing computational throughput using its unique “multicore” architecture, extends its Series A to $140M  —  Quantum Art Ltd., a quantum computing startup focused on enhancing computational throughput, said today it has extended …

OpenAI:
Microsoft and OpenAI amend their deal to let OpenAI serve all its products across any cloud provider; Microsoft will no longer pay a revenue share to OpenAI  —  Amended agreement provides long-term clarity.  —  The rapid pace of innovation requires us to continue to evolve our partnership to benefit our customers and both companies.

Bloomberg:
Spotify partners with Peloton to offer Premium subscribers access to curated playlists and 1,400+ ad-free fitness classes, its first foray into fitness content  —  Spotify Technology SA is now offering workout classes from Peloton Interactive Inc. to premium subscribers …

Ivan Levingston / Financial Times:
Vilnius-based Vinted says it closed an ~€880M secondary share sale led by EQT, Teachers' Venture Growth, and Schroders at an €8B valuation, up from €5B in 2024  —  Second-hand marketplace sells €880mn of existing shares to investors including Teachers' Venture Growth and Schroders Capital