Good morning,

As I noted yesterday, today’s Stratechery Interview is early in terms of my timing — Tuesday instead of Thursday — and late in terms of delivery — 1pm Eastern instead of 6am — because the topic was embargoed. That embargo created a bit of a weird situation for me over the last several days:

Last Friday I conducted the following interview with OpenAI CEO Sam Altman and AWS CEO Matt Garman about Bedrock Managed Agents, powered by OpenAI ; naturally, one of my questions was about how this fit in with OpenAI’s deal with Microsoft giving Azure exclusive access to OpenAI models.

Late Sunday I heard through the grapevine that Microsoft would announce something Monday morning; I wondered if it might be a preemptive lawsuit!

On Monday Microsoft and OpenAI announced they had amended their agreement , allowing OpenAI to serve its products on other cloud providers, including AWS.

So here we are.

I think the Microsoft-OpenAI deal makes a lot of sense for both sides.…