The Timescale License has been updated to provide expanded rights to users, including the "right-to-repair" and "right-to-improve". The update loosens restrictions and allows users to modify and distribute TimescaleDB without upstreaming changes. The enterprise tier has been eliminated, and all software licensed under Apache-2 or the Timescale License is now available for free. This change enables open-source businesses like Timescale to become self-sustaining in the cloud era by protecting the right of offering the software in the cloud for the main creator and maintainer of the project. The update also simplifies legalese and removes usage limits from the license. However, the restriction preventing companies from offering TimescaleDB-as-a-service remains in place.