34 VC Jobs & 800M on ChatGPT

the AI chip wars got their plot twist. Chipmaker AMD has locked in a multi-year supply deal with OpenAI, one so big it could pump tens of billions in revenue every year and even lets OpenAI scoop up 10 % of AMD itself. Wall Street went wild, AMD stock rocketed 34 %, tacking on $80 billion in market value overnight. The company now says this deal, plus the domino effect it sets in motion, could bring in $100 billion over four years. For investors, it’s a neon sign: the AI industry’s hunger for compute is bottomless, and AMD suddenly looks ready to square off with Nvidia for the crown. Read More → OpenAI

Musk has a new money man. xAI tapped Anthony Armstrong, a former Morgan Stanley banker who once advised Musk on the Twitter buyout, to take over as CFO. Armstrong won’t just handle xAI’s books, he’s also in charge of finances at X, after Musk merged the two earlier this year. The timing is telling: xAI’s previous CFO walked out in July, followed by its general counsel and even several co-founders. Now with Armstrong in, Musk gains a seasoned deal-maker who knows how to navigate Wall Street, raise capital, and prep companies for bold moves. For VCs, the subtext is clear: with AI infra bills soaring and IPO whispers never far away, xAI is gearing up for its next big act.

Read More → TechCrunch

Eight. Hundred. Million. Weekly. Active. Users. 1 in 10 people in the world is using ChatGPT on a daily basis, that is crazy for something that was launched at the end of 2022. According to Sam Altman. In his keynote, he revealed the AI platform now processes over 6 billion tokens per minute via API, up from 300 million in 2023, and that developer adoption has jumped from 2 million to 4 million. That 800 million figure exceeds the 700 million target OpenAI expected to hit in August, itself already up from 500 million in March. With new features like direct integrations into third-party apps and a tool called AgentKit for building AI agents, OpenAI is aggressively pushing to turn ChatGPT into a Swiss army knife for users and builders alike. Read More → Tech.eu

French prosecutors have opened a criminal investigation into Apple’s Siri following a complaint by a tech researcher and the Ligue des Droits de l’Homme, alleging that Apple collected, recorded, and analyzed Siri interactions without user consent. Siri in Shackles.. Read More → Reuters

Fake it until you make it, but just be a bit smart about it. Charlie Javice joins Sam Bankman-Fried, Elizabeth Holmes, and Martin Shkreli in the Forbes 30 under 30 Jailed list. Javice was sentenced to just over seven years in prison after being convicted of defrauding JPMorgan by exaggerating Frank’s user base. Though in parallel, JPMorgan Chase was ordered to pay $115 million in legal fees, add that to the $175 million investment, that’s $290 million mistake. Read More → Daily Mail

🇪🇺 AltStore, the alternative app marketplace for iOS, has raised $6 million to expand its platform and integrate with the fediverse, allowing apps to post updates directly to networks like Mastodon and Threads. The move positions AltStore as a more open, social-connected alternative to Apple’s App Store as Europe’s new regulations reshape the mobile ecosystem.
Read More → TechCrunch

🇺🇸 Heidi Health, an AI-powered medical scribe startup, has raised $65 million in a Series B round led by Steve Cohen’s Point72 Private Investments. Since launching its product in 2024, Heidi claims to have returned over 18 million hours to clinicians across more than 70 million patient visits in 116 countries, and the new funding is earmarked for expanding its AI “Care Partner” tools, including an agent that can call patients on behalf of doctors. Read More → Heidi Health

🇺🇸 Supabase just raised $100 million in a Series E round, pushing its valuation to $5 billion, just four months after it had hit $2 billion in value. This rapid leap underscores investors’ confidence in its open-source, all-in-one backend platform as it powers more AI and “vibe-coding” tools, if you’ve used Lovable, then you know Supabase. Read More → Venture Burn

🇸🇦 MENA startups raised $3.5 billion in September 2025, lifting Q3’s total to $4.5 billion across 180 deals, a record surge driven by large late-stage and debt rounds. Saudi Arabia led with $2.7 billion, followed by the UAE at $704 million, while fintech dominated sector funding with $2.8 billion. Year-to-date, startups in the region have now secured $6.6 billion, signaling renewed investor confidence and momentum in the MENA venture ecosystem. Read More → Wamda