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OpenAI and Microsoft’s ‘frenemies relationship,’ and what you missed at SXSW

This week, OpenAI inked a five-year, $11.9 billion deal with CoreWeave () , the GPU-heavy cloud provider, securing its own AI computing pipeline—and a $350 million equity stake in the company. With CoreWeave’s pending IPO () and deep ties to Microsoft, OpenAI’s deal marks a significant shift in the AI cloud wars. Today, on TechCrunch’s…

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This week, OpenAI inked a five-year, $11.9 billion deal with CoreWeave () , the GPU-heavy cloud provider, securing its own AI computing pipeline—and a $350 million equity stake in the company.

With CoreWeave’s pending IPO () and deep ties to Microsoft, OpenAI’s deal marks a significant shift in the AI cloud wars. Today, on TechCrunch’s Equity () podcast, hosts Kirsten Korosec, Max Zeff, Anthony Ha, and Rebecca Bellan are diving into whether or not the deal is a power move against Microsoft or just an inevitable step in OpenAI’s bid for more compute, key deals of the week, and what you missed at South by Southwest 2025. 

Listen to the full episode to hear about:

• What Kirsten and Rebecca are seeing on the ground in Austin () , and which founders are making moves

• Who’s feeling the ‘vibe shift’ () leading up to Y Combinator’s latest Demo Day, and why founders are raising less money

• Scopely’s $3.5 billion bid () for Pokémon GO maker Niantic

Equity will be back next week, so stay tuned!

Equity is TechCrunch’s flagship podcast, produced by Theresa Loconsolo, and posts every Wednesday and Friday. 

Subscribe to us on Apple Podcasts () , Overcast () , Spotify () and all the casts. You also can follow Equity on X () and Threads () , at @EquityPod. For the full episode transcript, for those who prefer reading over listening, check out our full archive of episodes here () .

Credits: Equity is produced by Theresa Loconsolo with editing by Kell. We’d also like to thank TechCrunch’s audience development team. Thank you so much for listening, and we’ll talk to you next time.

Learn more about your ad choices. Visit megaphone.fm/adchoices ()

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  1. @AurieDeane

    March 15, 2025 at 10:53 am

    You’re doing a fantastic job! I have a quick question: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). Could you explain how to move them to Binance?

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Science & Technology

Black Founders Had a Great Fundraising Quarter…With a Catch

On one hand, US-based, Black-founded startups have already raised $643M, 70% of what was raised in the entirety of last year. But dig a little deeper into the numbers, and you’ll find that in the words of Crunchbase’s head of research: “…data has shown a persistent decline in funding to Black-founded companies that outpaces the…

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On one hand, US-based, Black-founded startups have already raised $643M, 70% of what was raised in the entirety of last year.

But dig a little deeper into the numbers, and you’ll find that in the words of Crunchbase’s head of research: “…data has shown a persistent decline in funding to Black-founded companies that outpaces the overall decline in startup funding.”

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CNET

The US Government Doesn’t Want You to Buy This Car

Xpeng brought Mashable reporter Amanda Yeo to China to experience the new VLA 2.0 autonomous driving model inside its P7 electric vehicle. 0:00 The Car the US Government Doesn’t Want You to Buy 0:18 Meet XPENG: China’s High-Tech Tesla Rival 0:39 How VLA 2.0 Autonomous Driving Works 1:43 Stress Testing Self-Driving in Hectic Traffic 2:21…

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Xpeng brought Mashable reporter Amanda Yeo to China to experience the new VLA 2.0 autonomous driving model inside its P7 electric vehicle.

0:00 The Car the US Government Doesn’t Want You to Buy
0:18 Meet XPENG: China’s High-Tech Tesla Rival
0:39 How VLA 2.0 Autonomous Driving Works
1:43 Stress Testing Self-Driving in Hectic Traffic
2:21 The Challenge of “Corner Cases” in Autonomy
2:43 Hands-Free Self-Parking Demo
3:00 Heads-Up Display and Interior Tech
3:24 XPENG’s Personal Flying Machines
4:22 Why Chinese EVs are Banned in the US

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#xpeng #electricvehicle #automobile #car #electricvehicle #china

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CNET

How to Get Free 3D Files for Adaptive Xbox Controller Parts

Xbox dropped complementary, 3D printable files in on its Xbox Design Lab site for users to customize and create their own adaptive thumbstick toppers (if you have access to a 3D printer, anyway). There are seven customizable shapes compatible with the standard Xbox wireless controller and the Elite Wireless Controller Series 2, plus the Xbox…

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Xbox dropped complementary, 3D printable files in on its Xbox Design Lab site for users to customize and create their own adaptive thumbstick toppers (if you have access to a 3D printer, anyway). There are seven customizable shapes compatible with the standard Xbox wireless controller and the Elite Wireless Controller Series 2, plus the Xbox Adaptive Joystick. CNET senior writer Antuan Goodwin tried them out. #xbox #adaptivegaming #accessibility #controllers #gaming

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