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  "documentTitle": "Tempus AI, Inc. (TEM)",
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  "notes": "The slide uses a combination of narrative text and a financial table to argue that the company is reducing its cloud storage usage.",
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      "text": "Tempus's Amended Cloud Storage Agreement: On February 22, 2025, the Company amended its convertible promissory note with Google LLC, extending maturity to 2030 and allowing repayment in shares.",
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      "text": "The accrued cloud storage liability on the balance sheet declined YoY and QoQ by -20% in Q1 2025.",
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      "text": "There is more evidence to suggest that the Company's need for cloud storage is abating. The accrued cloud storage liability on the balance sheet declined YoY and QoQ by -20% in Q1 2025.",
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      "text": "On February 22, 2025, the Company amended its convertible promissory note (the \"Second Amended Note\") with Google LLC (\"Google\"), originally entered into on June 22, 2020 (the \"Note\"), and subsequently amended on November 19, 2020 (the \"Amended Note\").",
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      "text": "Source: Tempus SEC Filings",
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