# How Microsoft Won the OpenAI Fight as Markets Rally on Iran

Page: https://stenobird.com/podcast/unchained-728975/how-microsoft-won-the-openai-fight-as-markets-rally-on-iran
Text version: https://stenobird.com/podcast/unchained-728975/how-microsoft-won-the-openai-fight-as-markets-rally-on-iran.md
Podcast: [Unchained](https://stenobird.com/podcast/unchained-728975)
Published: 2026-04-29T19:38:00+00:00
Episode link: https://pdrl.fm/98e0b1/traffic.megaphone.fm/LSHML9694135598.mp3
Audio file: https://pdrl.fm/98e0b1/traffic.megaphone.fm/LSHML9694135598.mp3
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JSON: https://stenobird.com/v1/public/podcasts/unchained-728975/episodes/how-microsoft-won-the-openai-fight-as-markets-rally-on-iran
Duration seconds: 3456

## Resource

One side wins the OpenAI-Microsoft divorce, Ram calls a 19% earnings growth year 'bananas,' and Chris wants the US to hack back against DeFi exploiters. Here is the full rundown. --- Heads up! If you haven’t yet, be sure to subscribe to Bits + Bips, since the show will migrate there in a few weeks. Follow us on ⁠⁠⁠Apple Podcasts⁠⁠⁠, ⁠⁠⁠YouTube⁠⁠⁠, ⁠⁠⁠Spotify⁠⁠⁠, ⁠⁠⁠X⁠⁠⁠, ⁠⁠⁠Unchained⁠⁠⁠ and wherever you get your podcasts. ---- Chris Perkins and Ram Ahluwalia cover a lot of ground this week: Iran appears to be seeking a deal to end the Strait of Hormuz blockade as US economic pressure mounts, and the US government just worked with Tether to seize over $300 million in Iranian-linked stablecoins. Bottoms-up S&P earnings estimates are running at 19% year-over-year growth, tech earnings are about to hit, and both hosts think the setup for markets is unusually constructive. They also break down the new Microsoft-OpenAI agreement, the arrest of a special operations soldier for betting on the Maduro raid on Polymarket, and what the Kelp DAO hack means for DeFi's path to institutional adoption. Hosts: ⁠⁠⁠⁠⁠⁠⁠⁠⁠Ram Ahluwalia⁠⁠⁠⁠⁠⁠⁠⁠⁠, Co-Host, CEO of Lumida ⁠⁠⁠⁠⁠⁠⁠⁠⁠Chris Perkins⁠⁠⁠⁠⁠⁠⁠⁠⁠, Co-Host, CEO of 250 Digital Asset Management Learn more about your ad choices. Visit megaphone.fm/adchoices

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## Transcript

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