The always wonderful Stratechery blog does an analysis of what’s just happened viz. OpenAI and Microsoft:

What is clear is that Altman and Microsoft are in the driver seat of AI. Microsoft has the IP and will soon have the team to combine with its cash and infrastructure, while shedding coordination problems inherent in their partnership with OpenAI previously (and, of course, they are still partners with OpenAI!).

It’s a gorgeous, deep read – here.