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

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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

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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