🗞️ Musk-Altman trial starts

Q: Microsoft and OpenAI amended their deal, dropping the AGI-linked IP clause while Microsoft retains m

Microsoft and OpenAI amended their deal, dropping the AGI-linked IP clause while Microsoft retains model access through 2032 and keeps OpenAI revenue share through 2030.

Q: Ineffable Intelligence, founded by DeepMind's AlphaGo creator David Silver, raised a $1.1B seed roun

Ineffable Intelligence, founded by DeepMind's AlphaGo creator David Silver, raised a $1.1B seed round at a $5.1B valuation — Europe's largest seed round ever, backed by Lightspeed, Sequoia, NVIDIA, and Google.

Q: Xiaomi open-sourced MiMo-V2.5 models under MIT license, with the Pro variant topping open-weight lea

Xiaomi open-sourced MiMo-V2.5 models under MIT license, with the Pro variant topping open-weight leaderboards at just $1/$3 per million input/output tokens — significantly cheaper than GPT-5.5 and Claude Opus 4.7.

Bay Area Times·Tuesday, April 28, 2026·6 min read

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AI Summary

The April 28, 2026 Bay Area Times covers major AI industry developments including Microsoft and OpenAI amending their partnership agreement, the start of the Musk vs. Altman trial, and OpenAI missing its ChatGPT weekly user targets. Additional stories include Google's Pentagon AI deal, Xiaomi open-sourcing MiMo-V2.5 models, and European startup Ineffable Intelligence raising a record $1.1B seed round.

Key Facts

✓Microsoft and OpenAI amended their deal, dropping the AGI-linked IP clause while Microsoft retains model access through 2032 and keeps OpenAI revenue share through 2030.

✓Ineffable Intelligence, founded by DeepMind's AlphaGo creator David Silver, raised a $1.1B seed round at a $5.1B valuation — Europe's largest seed round ever, backed by Lightspeed, Sequoia, NVIDIA, and Google.

✓Xiaomi open-sourced MiMo-V2.5 models under MIT license, with the Pro variant topping open-weight leaderboards at just $1/$3 per million input/output tokens — significantly cheaper than GPT-5.5 and Claude Opus 4.7.

Author Takes

NeutralBay Area Times

Musk vs. Altman lawsuit

Markets are pricing in only a 46% chance Musk wins, with some jurors holding negative views of him but claiming impartiality.

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