Possible scenario
Fair Use Holds
22% Chance
Microsoft and OpenAI persuade the court that training on copyrighted material remains transformative when outputs do not reproduce protected expression at scale. The Microsoft director's wording is treated as a business opinion rather than a legal concession.
Secondary impacts
- Technology +1.0%
- Consumer Services -1.0%
Tickers
- NYT-3.3%
- MSFT+1.7%
- META+1.0%
Portfolio impact
S&P 500+0.4%
Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.
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