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November 3, 2025, 4:55 PM
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Berber Jin / Wall Street Journal:
OpenAI and AWS sign a seven-year deal in which OpenAI will pay $38B for AI compute, including training its models using Amazon's data centers and using its CPUs  —  Companies' first computing partnership is part of Amazon's efforts to grow its cloud business
MacKenzie Sigalos / CNBC:
As part of its AWS deal, OpenAI says it will immediately begin running workloads on AWS infrastructure, tapping hundreds of thousands of Nvidia's GPUs in the US  —  OpenAI has signed a deal to buy $38 billion worth of capacity from Amazon Web Services, its first contract with the leader …
Tim Bradshaw / Financial Times:
Microsoft says the US now lets it ship the latest Nvidia chips to the UAE, the first company to get a license; Trump made a deal with UAE President MBZ in May  —  Commerce department approval paves way for huge new investment in AI and cloud infrastructure in Middle East
Bloomberg:
Microsoft plans to spend $7.9B+ on data centers, cloud, and employees in the UAE over the next four years, taking its UAE investment to $15.2B from 2023 to 2029  —  Microsoft Corp. said it will spend more than $7.9 billion on data centers, cloud-computing and employees in the United Arab Emirates …
Dina Bass / Bloomberg:
Microsoft signs a five-year, ~$9.7B deal to buy AI compute capacity from Sydney-based IREN, giving Microsoft access to Nvidia's GB300 in IREN's Texas facility  —  Microsoft Corp. has signed a roughly $9.7 billion deal to buy artificial intelligence computing capacity from IREN Ltd., becoming the Australian company's largest customer.
Vince Dioquino / Decrypt:
When asked on 60 Minutes about his pardon of Binance's Changpeng Zhao, President Trump said “I don't know who he is” and “I heard it was a Biden witch hunt”  —  In a rare interview, Trump said he was told Changpeng Zhao was the victim of the Biden administration's “witch hunt” against crypto.
Alexandra Alper / Reuters:
Trump says Nvidia's Blackwell chips would not be available to “other people”; in August, Trump suggested he might allow sales of a scaled-down version to China
Jordan Novet / CNBC:
MongoDB CEO Dev Ittycheria is stepping down after 11 years, replaced by Cloudflare President of Product & Engineering Chirantan Desai, effective November 10  —  Database software maker MongoDB said on Monday that CEO Dev Ittycheria is stepping down from the top job after an 11-year run.
Chance Miller / 9to5Mac:
Apple launches the App Store on the web, with dedicated pages for the iPhone, iPad, Mac, TV, Watch, and Vision  —  Apple has launched a dramatic new web interface for the App Store.  You can now get the full App Store experience right in your browser, with dedicated pages for the iPhone, iPad, Mac, Vision, Watch, and TV app libraries.
Liz Alderman / New York Times:
France threatens to ban Shein and refers it to Paris prosecutor after an investigation found that sex dolls “resembling children” were being sold on the site  —  The controversy adds to a growing backlash in France against the giant Chinese online retailer as it prepares to open …
Josh Scott / BetaKit:
Toronto-based quantum computing company Xanadu says it will go public in the US and Canada via a SPAC, in a deal that values the combined business at ~$3.6B  —  Toronto-based quantum computing firm Xanadu has struck a deal to go public by merging with a special purpose acquisition company (SPAC) called Crane Harbor Acquisition Corp.
Samantha Subin / CNBC:
Palantir reports Q3 revenue up 63% YoY to $1.18B, vs. $1.09B est., US government revenue up 52% to $486M, and forecasts Q4 revenue above estimates  —  Palantir reported quarterly results that topped analysts' estimates and issued better-than-expected guidance for the fourth quarter …
Stevie Bonifield / The Verge:
Japanese trade association CODA, representing Studio Ghibli, Square Enix and others, demands that OpenAI stop using their copyrighted content to train Sora 2  —  Japanese trade association CODA says Sora 2's opt-out policy may have violated copyright law.
Rocket Drew / The Information:
Court docs: in a deposition, Ilya Sutskever discussed conflicts at OpenAI that he sent to board members before Sam Altman's firing, his OpenAI exit, and more  —  Anthropic initially expressed “excitement” about a possible merger with OpenAI two years ago, after OpenAI's board fired CEO Sam Altman …
Jowi Morales / Tom's Hardware:
In an interview, Satya Nadella says Microsoft faces a power shortage, but not a compute one, which could leave “chips sitting in inventory that I can't plug in”  —  'I don't have warm shells to plug into'  —  When you purchase through links on our site, we may earn an affiliate commission.
Emily Forgash / Bloomberg:
Proofpoint says it has “high confidence” that hackers are working with organized crime groups to infiltrate trucking and freight companies to steal cargo  —  Hackers are infiltrating trucking and freight companies in a scheme to steal and sell cargo shipments …

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From Mediagazer

Karissa Waddick / USA Today:
After Trump said some outlets wanted the US to “lose the War”, FCC Chair Carr threatened broadcasters, saying they can lose their licenses over war coverage

Catherine Shoard / The Guardian:
Warner Bros. won a record-tying 11 awards at the 98th Oscars, followed by Netflix's six; Apple, Disney, Focus, and Neon had one each, while Paramount had none

New York Times:
Sources: Jeff Bezos said “I don't care” after being told that WaPo could lose subs due to Opinion changes; 60K+ canceled their subs in February after layoffs

More News

Financial Times:
London is establishing itself as a center for quantitative finance; filings show trading firms XTX, Qube, and Quadrature each made £1B+ revenue in the past year

Earlier Picks

Salvador Rodriguez / CNBC:
Microsoft AI CEO Mustafa Suleyman says only biological beings are capable of consciousness and “it would be absurd to pursue research” into AI consciousness
Steven Levy / Wired:
A profile of Mark Gubrud, who coined the term AGI in a 1997 research paper, which argued that breakthrough technologies will redefine international conflicts
Angel Au-Yeung / Wall Street Journal:
A look at Palantir's new four-month “Meritocracy Fellowship” for high school graduates, which offers a path to a full-time Palantir job without a college degree
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