OpenAI and Amazon ink $38B cloud computing deal

Plus more of TechCrunch's top stories to start your morning

View this email online in your browser  November 03, 2025 TechCrunch Top 3 OpenAI and Amazon ink $38B cloud computing deal  : OpenAI isn't done securing the AI infrastructure it needs to rapidly scale agentic workloads. The ChatGPT-maker on Monday said it has reached a deal with Amazon to buy $38 billion in cloud computing services over the next seven years.   Read More Microsoft's $15.2B UAE investment turns Gulf State into test case for US AI diplomacy: For the first time, the U.S. has granted Microsoft a license to export Nvidia chips to the UAE – a move that positions the country as both a proving ground for U.S. export-control diplomacy and a regional anchor of American AI influence.   Read More Kevin Rose's simple test for AI hardware -- would you want to punch someone in the face who's wearing it?: "As an investor, you kind of have to not only say, okay, cool tech, sure, but emotionally, how does it make me feel? And how does it make others feel around me?" Read More A message from Silicon Valley Bank Scale smarter with SVB by your side. SVB supports you on the journey to Series A and what comes next, with expert guidance, specialized products and a team that knows the innovation economy inside and out. Find out why fast-growing startups turn to SVB to build their business beyond Series A. Learn More Morning Must-Reads Sam Altman says 'enough' to questions about OpenAI's revenue: OpenAI CEO Sam Altman recently said that the company is doing "well more" than $13 billion in annual revenue — and he sounded a little testy when pressed on how it will pay for its massive spending commitments. Read More Meta has an AI product problem : Meta's AI spending is starting to make Wall Street nervous. Read More Google pulls Gemma from AI Studio after Senator Blackburn accuses model of defamation: Senator Martha Blackburn argued Gemma's fabrications are "not a harmless 'hallucination,'" but rather "an act of defamation produced and distributed by a Google-owned AI model." Read More Microsoft inks $9.7B deal with Australia's IREN for AI cloud capacity: The deal will give Microsoft access to compute infrastructure built with Nvidia's GB300 GPUs, which will be deployed over phases through 2026. Read More Elon Musk wants you to know that Sam Altman got a refund from Tesla: Elon Musk and Sam Altman are still taking swipes at each other on Musk's social media platform X. Read More A message from Fidelity Top Venture Capital Trends Startups Should Watch in 2025 Report Startup executives, the VC world is always changing, and it's important to stay updated. As your company grows, you face new challenges & opportunities. The competitive landscape is shifting & you need to stay informed and prepared. Download our guide now to master the VC landscape & set your company up for long-term success. Download Now Be the first to know when news breaks Subscribe to our News Alerts, and you won't miss a thing. Breaking news, exclusives, and special reports—straight to your inbox. Sign up for News Alerts! Last but Not Least Sequoia's Roelof Botha warns founders about chasing sky-high valuations as the firm doubles down on its selective approach: At Disrupt, Botha had advice for founders who are swimming in terms sheets right now. Read More Check out some of our other newsletters: StrictlyVC TechCrunch Events TechCrunch Mobility Want to adjust your daily newsletter schedule? You can do it right here Got a tip? Get in touch securely. Want to advertise on TechCrunch? advertise@techcrunch.com Has this been forwarded to you? Click here to subscribe to this newsletter. Unsubscribe Member Center Privacy Policy Copyright © 2025 TechCrunch Media LLC 501 2nd Street, Suite 650, San Francisco, CA 94107