The European AI Exodus (and the Soldiers Who Stayed Behind)

Issue #2545.4 / November 4, 2025

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If you’ve been paying attention to Silicon Valley lately, you might have noticed something peculiar: OpenAI is spending money like a tech company that just discovered its credit card has no limit. On Monday, the ChatGPT-maker announced a $38 billion (€33 billion), seven-year deal with Amazon Web Services, adding yet another hyperscaler to its…