Another Day, Another OpenAI Deal

Nov 3, 2025 22m

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Episode Description

Well, another day, another OpenAI deal, but this is their big move to get in bed with AWS. More monitoring of the moment prediction markets are having. Is Big Tech’s dominance of the stock market getting even more extreme? And more speculation about AI and podcasting. OpenAI signs $38 billion compute deal with Amazon, partnering with cloud leader for first time (CNBC) How sports gambling took over prediction markets in the US (FT) Alphabet, Amazon Stakes in Anthropic Boost Profit by Billions (Bloomberg) Big Tech’s market dominance is becoming ever more extreme (FT) For Podcasters, a Voice Clone Is a Double-Edged Sword (NYTimes) Learn more about your ad choices. Visit megaphone.fm/adchoices

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OpenAI's Major Deal with AWS

OpenAI has officially signed a monumental $38 billion compute deal with Amazon Web Services (AWS), marking a pivotal collaboration as they shift from their previous exclusive agreement with Microsoft. This deal enables OpenAI to utilize AWS's extensive infrastructure, including the power of Nvidia's GPUs, to enhance their AI capabilities. The arrangement will not only allow immediate workload support but also include plans for expanding capacity in future AWS data centers. This prolific partnership indicates a growing competition among cloud providers as AI technology rapidly advances.

The Explosion of Prediction Markets

The podcast discusses the rapid growth of prediction markets, particularly their incursion into sports betting, with platforms like Kalshi seeing volumes reach nearly $1 billion a week. The stark rise in interest from investors and users alike highlights a shift in how people engage with betting—extending beyond traditional sports to elections and even corporate communication. The commodification of news and future events has transformed prediction markets into multi-billion dollar businesses, inviting regulatory scrutiny and raising questions about their integrity.

Big Tech Dominance in the Stock Market

Recent trends indicate a significant concentration of market power in a few key tech companies, with these eight giants now holding 60% of the gains in the S&P since April. This has raised eyebrows amongst financial analysts who warn that a lack of diversified growth may pose risks to the market. A closer examination reveals that tech stocks are now accounting for overwhelming portions of value and income growth in the US economy, prompting concerns about the vulnerabilities of other sectors.

AI Voice Clones in Podcasting

The episode delves into how AI-driven voice cloning technology is being integrated into podcasting, raising both excitement and concerns. While some podcasters see the potential for enhanced production efficiency and language translation, others are wary of the authenticity and connection their voice embodies with the audience. The duality of this innovation presents both opportunities for efficiency and ethical dilemmas related to creator identity and listener loyalty.