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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.

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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

Neko Health raised $700M to scan your body. Is it worth it? | Equity Podcast

Spotify founder Daniel Ek’s Neko Health raised $700 million to build a business around scanning your body, but it’s not the only company centering its roadmap around a new kind of preventative healthcare. Midjourney is building its own body scanner, while Function Health has also raised significant capital to build out its preventative-health platform. Why…

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Spotify founder Daniel Ek’s Neko Health raised $700 million to build a business around scanning your body, but it’s not the only company centering its roadmap around a new kind of preventative healthcare. Midjourney is building its own body scanner, while Function Health has also raised significant capital to build out its preventative-health platform. Why are investors betting so big on this category?

On this episode of TechCrunch’s Equity podcast, Dominic-Madori Davis talks with Farooq Abbasi, founder and general partner of Preface Ventures and an investor in Neko Health, about how Neko compares with other consumer-health startups. They discuss what has to happen for body scanning to become part of the broader healthcare system.

Subscribe to Equity on YouTube, Apple Podcasts, Overcast, Spotify and all the casts. You can also follow Equity on X and Threads, at @EquityPod.

Chapters

00:00 Intro

1:44 From Spotify to Neko Health: the pitch that got him investing

6:22 Why preventative care is so hard to access

8:23 Inside a Neko scan

12:03 Scaling from Sweden to the world (sorry, not SF yet)

14:20 The dark side of VC-backed health: subscribers, not patients

19:14 Open Evidence and the rise of vertical AI in medicine

22:00 IPO or bust? What “winning” looks like in healthcare

24:12 Outro

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Bloomberg Technology

CoreWeave CEO on New AI Products, Computing Demand

CoreWeave CEO Michael Intrator discusses the launch of Forge, a new suite of development tools designed to help clients train and improve AI models, as the company seeks to broaden its offerings beyond the “neocloud” label. He speaks with Ed Ludlow on “Bloomberg Tech” during the company’s first large-scale user conference in San Francisco. ——–…

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CoreWeave CEO Michael Intrator discusses the launch of Forge, a new suite of development tools designed to help clients train and improve AI models, as the company seeks to broaden its offerings beyond the “neocloud” label. He speaks with Ed Ludlow on “Bloomberg Tech” during the company’s first large-scale user conference in San Francisco.
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CNET

OpenAI Dev Day 2026: Everything Announced in 15 Minutes

OpenAI’s annual Dev Day 2026 introduced dots, which are AI agents within ChatGPT that can execute tasks on your behalf and even answer phone calls and text messages. CEO Sam Altman also introduced a faster and more powerful model called GPT-6.1 Sol for professional coding and work applications. Read more about OpenAI on CNET.com: OpenAI’s…

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OpenAI’s annual Dev Day 2026 introduced dots, which are AI agents within ChatGPT that can execute tasks on your behalf and even answer phone calls and text messages. CEO Sam Altman also introduced a faster and more powerful model called GPT-6.1 Sol for professional coding and work applications.

Read more about OpenAI on CNET.com:
OpenAI’s Latest Personal AI Agents Have a Cute Name and Never Stop Working

Timecode Chapters:
0:00 Introduction & Codex Updates
0:22 Introducing AI Agents: Dots
1:18 How Dots Delegate & Automate Work
1:37 ChatGPT Space: Team & Agent Collaboration
3:06 Live Demo: Dots in Action
4:15 Hands-Free Catchup & Voice Features
4:53 Live Demo: Working inside ChatGPT Space
6:04 Integrating Dots into Slack & Workflows
7:56 Specialist Dots & Enterprise Availability
8:52 Launching GPT 6.1 Soul & UltraFast Speed
10:14 Decisions API & Luna Model
10:55 Codex in the Cloud & 3D Interactive World Demo
12:23 Refreshed Codex CLI & Real-time App Building
13:38 Autonomous Browser Control & Robotics Demo
13:51 OpenAI Marketplace Launch & Wrap-up

Video Credits:
Host: OpenAI
Scripted by: OpenAI
Producer: OpenAI & Jonathan Gomez
Camera: OpenAI
Video Editor: Jonathan Gomez
Thumbnail Designer: Tharon Green

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#openai #samaltman #ai #artificialintelligence #superintelligence #chatgpt #aiagents #aiagent #dots

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