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Crypto isn’t a partisan fight, proven by data
Fed leaves interest rates unchanged, as expected
Fed leaves interest rates unchanged, as expected
Coinbase earnings: Wall Street divided on trading rebound after Robinhood crypto revenue sinks 55%
Coinbase earnings: Wall Street divided on trading rebound after Robinhood crypto revenue sinks 55%
Crypto Long & Short: What happens when an AI agent pays for the wrong thing
Crypto Long & Short: What happens when an AI agent pays for the wrong thing
JPMorgan, Coca-Cola, Dell also say 'no' to OKX-ICE tokenized stock trading plan
JPMorgan, Coca-Cola, Dell also say 'no' to OKX-ICE tokenized stock trading plan
Dissent and more: 3 things to watch for at the Fed meeting
Dissent and more: 3 things to watch for at the Fed meeting
Nearly 90% of large businesses are embracing tokenized cash to speed up payments: DBS
Nearly 90% of large businesses are embracing tokenized cash to speed up payments: DBS
OpenAI Plans to Buy Google's AI Chips as It Looks Beyond Nvidia: Report
OpenAI plans to buy AI chips from Google, according to a person familiar with the matter who spoke with <i><a href="https://www.theinformation.com/articles/openai-longtime-nvidia-customer-plans-buy-googles-ai-chips" target="_blank" class="sc-adb616fe-0 dJryYS" rel="nofollow">The Information</a></i>. The step would loosen its dependence on Nvidia, the company that supplies most of the hardware behind the AI boom. Neither company has confirmed the plan, and the price, the number of chips, and the delivery dates have not been disclosed. OpenAI is one of Nvidia’s biggest customers. The chips OpenAI is reportedly after are Google's tensor processing units, or TPUs, processors designed for one job: the math that AI models run on. Google <a href="https://cloud.google.com/blog/products/ai-machine-learning/google-supercharges-machine-learning-tasks-with-custom-chip" target="_blank" class="sc-adb616fe-0 dJryYS" rel="nofollow">revealed the chip</a> in 2016, saying it had already run TPUs in its data centers for more than a year. Reports in June 2025 said OpenAI had begun renting Google's TPUs, and the company described it as early testing with no plans to deploy them at scale. A purchase would mean owning the hardware instead of paying Google by the hour. Other details of the plan have not been made public. A<a href="https://openai.com/careers/software-engineer-tpu-compilers-san-francisco/" target="_blank" rel="nofollow external noopener" class="sc-adb616fe-0 dJryYS">> job listing</a> from OpenAI in San Francisco asks for an engineer to lead the optimization of its frontier models on TPUs so the rumors have weight. The work involves compilers, the software that translates an AI model into instructions a specific chip can run, which is why switching chips is harder than swapping parts. Richard Ho, who leads OpenAI's hardware program, spent nearly nine years at Google and was one of the leaders of its Cloud TPU project before joining OpenAI. In September 2025, Nvidia signed a letter of intent to invest <a href="https://decrypt.co/340794/nvidia-100-billion-openai-historic-ai-infrastructure-deal-stock-pops" target="_blank" class="sc-adb616fe-0 dJryYS" rel="nofollow">up to $100 billion</a> in OpenAI as it deployed at least 10 gigawatts of Nvidia systems. A gigawatt is a billion watts, the unit data center builders now use to size their projects. Two weeks later, AMD gave OpenAI the right to buy up to <a href="https://decrypt.co/343068/amd-stock-skyrockets-openai-bet-loosen-nvidia-grip-ai-chip-market" target="_blank" class="sc-adb616fe-0 dJryYS" rel="nofollow">160 million AMD shares</a>, roughly 10% of the company. The right is tied to OpenAI deploying 6 gigawatts of AMD chips. Nvidia ended up putting <a href="https://decrypt.co/360195/nvidia-probably-done-investing-openai-anthropic-ceo-why" target="_blank" class="sc-adb616fe-0 dJryYS" rel="nofollow">$30 billion</a> into OpenAI's funding round, well below the $100 billion in the letter of intent. CEO Jens
Bessent downplays AI financing risks, says future Fed rate hikes wouldn't necessarily be a mistake
According to CoinWorld news, Bessent stated that although yields on some AI-related debt have risen to double digits, new cloud service providers account for a limited share of the entire AI industry, and financing risks do not yet constitute a major problem. Related financing transactions are still proceeding, and companies such as Meta have also begun raising funds through stock issuance. He also pointed out that future Federal Reserve rate hikes would not necessarily constitute a policy error, and said an open attitude should be maintained when assessing whether the energy shock is only temporarily pushing up inflation. At the same time, Bessent expects that after the US-Iran conflict ends, global oil supply will become more abundant, helping to ease inflation and lower borrowing costs.
Microsoft's cloud business growth accelerated, with Azure sales reaching $33.2 billion.
CoinWorld news: Microsoft reported that Azure sales rose to $33.2 billion in the quarter ended September, with total revenue increasing to $92.3 billion. Capital expenditures for the quarter were $45.2 billion, below market expectations. The company expects capital expenditures to exceed $50 billion in the current fiscal quarter and forecasts Azure sales growth of up to 50% in the quarter ending December.