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.   OpenAI said it will immediately start using AWS compute, with all capacity targeted to be … Read more

Alphabet is increasingly launching “moonshot” projects as independent companies — here’s why

Alphabet’s X moonshot factory is shifting how it brings ambitious technology projects to market, increasingly spinning them out as independent companies rather than keeping them within the Alphabet corporate structure, X’s head honcho, Astro Teller, revealed at TechCrunch Disrupt this past week. The strategy hinges on a dedicated venture fund that exists solely to invest … Read more

Kevin Rose’s simple test for AI hardware — would you want to punch someone in the face who’s wearing it?

Kevin Rose has a visceral rule for evaluating AI hardware investments: “If you feel like you should punch someone in the face for wearing it, you probably shouldn’t invest in it.” It’s a typically candid assessment from the veteran investor, and one born from watching the current wave of AI hardware startups repeat mistakes he’s … Read more

AI mania tanks CoreWeave’s Core Scientific acquisition — it buys Python notebook Marimo

Core Scientific shareholders on Thursday voted down an all-stock acquisition offer from partner and competitor CoreWeave that was valued at the time at $9 billion.   They did so following a vote-no recommendation from their largest shareholder, Sina Toussi of Two Seas Capital, a firm that focuses on post-bankruptcy companies. Core Scientific emerged from its bankruptcy … Read more

Coinbase CEO Brian Armstrong trolls the prediction markets

On Thursday, at the end of Coinbase’s third quarter earnings call, CEO Brian Armstrong admitted that he was “a little bit distracted,” because he’d been “tracking the prediction market about what Coinbase will say on their next earnings call.” “And I just want to add here the words Bitcoin, Ethereum, Blockchain, Staking, and Web3 to … Read more