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03 Nov 2025

Karnataka Launches ₹600 Crore Deep Tech Fund to Position State as India's AI Capital

Karnataka government announces a massive ₹600 crore deep tech fund with potential expansion to ₹1,000 crore, targeting AI, quantum computing, and frontier technologies ahead of Bengaluru Tech Summit.

2 Sources

Bitcoin Miners IREN and Cipher Secure Multi-Billion Dollar AI Infrastructure Deals with Microsoft and Amazon

Former Bitcoin mining companies IREN and Cipher Mining pivot to AI infrastructure, securing massive deals worth $9.7 billion and $5.5 billion respectively with tech giants Microsoft and Amazon. The partnerships highlight the growing demand for AI computing power and the strategic repositioning of crypto miners.

6 Sources

Cisco Unveils Unified Edge Platform to Bring AI Processing Power to the Network Edge

Cisco Systems launched its Unified Edge platform, an integrated computing system that combines networking, storage, and security to run AI workloads at local facilities like retail stores and factories. The platform aims to address infrastructure bottlenecks that have stalled over half of AI pilot projects.

6 Sources

OpenAI Signs $38 Billion Cloud Computing Deal with Amazon, Diversifying Beyond Microsoft Partnership

OpenAI has entered a seven-year, $38 billion partnership with Amazon Web Services to access hundreds of thousands of Nvidia GPUs for AI model training and inference. This major deal follows OpenAI's recent restructuring that freed it from Microsoft's exclusive cloud provider status.

54 Sources

Eaton Acquires Boyd Thermal for $9.5 Billion to Capitalize on AI Data Center Cooling Demand

Eaton Corp announces a major $9.5 billion acquisition of Boyd Thermal from Goldman Sachs Asset Management to strengthen its data center operations and capitalize on surging AI infrastructure demand. The deal positions Eaton to offer integrated 'chip-to-grid' solutions for hyperscale customers.

2 Sources

Microsoft Becomes First Company to Ship Nvidia's Advanced AI Chips to UAE Under Trump Administration

Microsoft secured historic export licenses to ship over 60,000 Nvidia AI chips, including advanced GB300 Grace Blackwell processors, to the UAE as part of a $15.2 billion investment deal, marking the first such approval under the Trump administration.

13 Sources

Microsoft Secures $15.2B UAE Investment Deal with Unprecedented AI Chip Export License

Microsoft announces a massive $15.2 billion investment in the UAE through 2029, becoming the first company to receive US export licenses for advanced Nvidia AI chips to the Gulf state, positioning the UAE as a strategic test case for American AI diplomacy.

11 Sources

IREN Secures $9.7 Billion Microsoft AI Deal, Sparking Stock Surge and Market Debate

Former Bitcoin miner IREN signs massive five-year GPU cloud services contract with Microsoft, driving stock up over 500% this year. The deal marks a significant pivot to AI infrastructure, though critics question its financial viability.

7 Sources

Microsoft Signs $9.7 Billion AI Cloud Deal with Australian Firm IREN

Microsoft has entered into a massive $9.7 billion five-year contract with Australian AI cloud provider IREN to secure access to Nvidia's GB300 GPUs. The deal highlights Microsoft's aggressive expansion of AI infrastructure to meet growing demand for cloud-based AI services.

7 Sources

Three 22-Year-Old Friends Become World's Youngest Self-Made Billionaires with AI Recruiting Platform Mercor

Brendan Foody, Adarsh Hiremath, and Surya Midha have achieved billionaire status at age 22 through their AI recruiting platform Mercor, which reached a $10 billion valuation after raising $350 million. The startup connects human talent with AI companies for model training and specialized tasks.

3 Sources

Deepfakes Disrupt Financial Markets as $7.5 Billion Industry Poses Growing Economic Threat

The deepfake economy has exploded to $7.5 billion, directly impacting stock markets and causing $200M in Q1 losses. California leads regulatory response with new AI transparency requirements as businesses face increasing deepfake attacks targeting financial data.

2 Sources

Musk vs. Altman: Tesla Refund Dispute Reignites OpenAI Feud as Legal Battle Continues

The ongoing feud between Elon Musk and Sam Altman escalated over a Tesla Roadster refund dispute, with Musk accusing Altman of 'stealing a nonprofit' while their legal battle over OpenAI's transformation continues toward a 2026 jury trial.

4 Sources

Gaming Industry Grapples with AI Revolution as Developers Fear Job Displacement

The gaming industry faces a potential transformation as AI tools become increasingly integrated into game development, with nearly 20% of Steam games now using generative AI. While promising efficiency gains, developers express concerns about job security and creative quality.

3 Sources

02 Nov 2025

Microsoft CEO Announces AI-First Hiring Strategy After Major Layoffs

Microsoft CEO Satya Nadella reveals plans to resume hiring with an AI-powered approach, emphasizing productivity gains through artificial intelligence tools after the company laid off thousands of employees in 2024.

3 Sources

Power Crisis Becomes Critical Bottleneck in Global AI Infrastructure Race

Tech giants face unprecedented energy challenges as AI data centers demand massive power capacity, with Microsoft reporting unused GPU inventory due to power shortages while China leverages energy subsidies to compete with U.S. AI infrastructure.

13 Sources

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