From $100B OpenAI deals to $100K visa fees

Equity

TechCrunch

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4.2 • 365 Ratings

🗓️ 26 September 2025

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

From $100 billion OpenAI commitments to $100,000 visa fees, this week showed just how much the tech landscape is shifting. On the latest episode of Equity, Anthony Ha and Max Zeff unpack the AI infrastructure gold rush and tech's talent shuffle. Listen to the full episode to hear about: TikTok’s potential new home, and why Oracle is positioned to win big from the deal Oura Health's reported $875M raise at an $11B valuation and what it means for health tech Nvidia's $500M investment in UK self-driving startup Wayve and Jensen Huang's billion-dollar UK commitment The massive data center deals driving OpenAI's expansion, from Nvidia's $100B commitment to Oracle's $15B bond sale Trump's new $100K H-1B visa fee increase that had Amazon, Google, and Microsoft advising workers to stay in the US Equity is TechCrunch’s flagship podcast, produced by Theresa Loconsolo, and posts every Wednesday and Friday. Subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts. You also can follow Equity on X and Threads, at @EquityPod. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is a paid ad by Fidelity Private Shares.
0:03.2	A messy or missing cap table might not just slow you down.
0:05.8	It could cost you your next fundraising round.
0:08.2	Hello and welcome back to Equity, TechCrunch's flagship podcast about the business of startups.
0:13.5	My name is Max Zep.
0:15.0	Today is Friday, September 26.
0:17.4	And I'm joined by the amazing TechCrunch weekend editor, Anthony Ha. Anthony, how are we doing today?
0:23.8	I'm feeling pretty good. I'm a little sad that Kirsten, our co-host, is out sick. I mean,
0:29.2	both on her behalf, but also on our behalf, but we'll soldier on. I'm also kind of in between
0:35.5	recording this. I'm like anxiously checking to see if there is an announcement
0:39.1	about TikTok officially spinning out from from Bite Dance. It's been this sort of strange
0:45.3	new cycle where essentially the Trump administration has been quote unquote leaking, essentially
0:51.2	pre-announcing everything and being like, hey, we have a deal. It's about to be signed. It's about to be signed. Here are all the details. I assume you've been following it as well. It is weird. The biggest leaker in this deal is Trump himself. He has been, you know, just pre-announcing things left and right. Yeah, I mean, it really seems like the big winner here, according to reporting we've
1:11.7	seen this week, is that Oracle is going to come out as one of the biggest stakeholders in the new
1:17.0	TikTok, which really puts the Ellison family, the CEO Larry Ellison and his son in a really
1:25.0	interesting position at the top of this like media empire, which is
1:29.2	kind of a new kind of media empire unlike, you know, I mean, we've had like the Murdochs
1:34.9	and different kinds of families, but but this feels kind of unique. That's what we do have
1:40.4	a lot to get to on the show today. We're going to be talking about ORA as well as an
1:46.0	Nvidia deal with Wave. And then later on the show, we're going to talk about all the headlines
1:50.4	you're seeing about AI infrastructure deals. And then later, we're going to get into the tech
1:55.9	talent crackdown. First, Anthony, do you want to kick us off with telling us what's going on with
	...

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