Tech Brew Ride Home Another Day, Another OpenAI Deal
106 snips
Nov 3, 2025 OpenAI strikes a monumental $38 billion compute deal with AWS, hinting at shifts in cloud partnerships. Meanwhile, the rise of prediction markets is intertwined with sports betting, raising concerns over regulation. Big Tech's grip on the stock market deepens as a few companies dominate returns, sparking discussions on market risks. Additionally, AI voice cloning enters the podcasting world, offering exciting possibilities but also ethical dilemmas for creators. A dynamic mix of tech, finance, and innovation keeps the conversation lively!
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OpenAI Expands Beyond Microsoft
- OpenAI signed a $38 billion compute deal to run workloads on AWS and tap hundreds of thousands of NVIDIA GPUs.
- The move ends exclusivity with Microsoft and lets OpenAI diversify hyperscaler partners for scalability.
Prediction Markets Go Mainstream
- Prediction markets have surged by tapping sports betting volumes and CFTC approvals, creating multi-billion-dollar businesses.
- Exchanges like Kalshi and Polymarket are raising valuations as they expand into sports and headline-based markets.
CEO Moves A Market On Earnings Call
- Coinbase CEO Brian Armstrong deliberately spoke specific buzzwords to settle an $84,000 mention-market bet during the earnings call.
- His spontaneous comments demonstrated how easily market outcomes can be steered by those being observed.