<ul><li>OpenAI has made a $11.9 billion deal with CoreWeave, securing its own AI computing pipeline and a $350 million equity stake in the company.</li><li>This deal marks a significant shift in the AI cloud wars and raises the question of whether it is a power move against Microsoft or a step towards OpenAI's bid for more compute.</li><li>The hosts of TechCrunch's Equity podcast discuss the deal, founders making moves at SXSW, the vibe shift leading up to Y Combinator's Demo Day, and Scopely's $3.5 billion bid for Pokémon GO maker Niantic.</li><li>Equity is TechCrunch's flagship podcast, produced by Theresa Loconsolo, and posts every Wednesday and Friday.</li></ul>

OpenAI and Microsoft’s ‘frenemies relationship,’ and what you missed at SXSW

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