AI Goes Global, Web3 Regroups: Cloud Deals, Market Jitters & Regulation Waves

AI scales up while Web3 resets.This week, OpenAI inks a massive $38B AWS deal, Deutsche Telekom and NVIDIA unveil a European AI cloud, and Brussels tightens guardrails under the new EU AI Act. Meanwhile, crypto markets slide below key thresholds even as the UK opens retail access to Bitcoin and Ether ETNs — triggering a fee war among issuers.

AI Snippets

OpenAI → AWS, $38B cloud pact

OpenAI signed a multi-year deal to run core services on Amazon Web Services, part of an industry-wide compute spree to scale frontier models.

AI sell-off: “don’t panic (yet)

Global markets wobbled as richly valued AI names slid; some investors say froth is normal consolidation rather than the end of the AI trade.

DT + NVIDIA build $1.2B industrial AI cloud

Deutsche Telekom and NVIDIA will launch a Europe-based AI cloud for factories and enterprise workloads, targeting production-grade deployments in 2026.

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EU institutions tighten GenAI guardrails

The EDPS issued revised guidance on generative AI for EU bodies, clarifying controller/processor roles and offering a compliance checklist

EU AI Act: implementation playbook

With the AI Act now law, Brussels’ portals and GPAI guidance outline what providers must do as secondary rules roll out into 2026.

Web3 Snippets

Crypto slide deepens

BTC fell below $99k and ETH dropped double-digits amid broad risk-off moves; desks cite deleveraging plus macro jitters.

UK opens crypto ETNs to retail → fee war

After the FCA allowed retail access, issuers slashed Bitcoin/Ether ETN fees to as low as 0.05%, with volumes jumping on the LSE.

ETF pipeline reawakens post-shutdown

With SEC timelines disrupted in October, issuers are reshuffling filings and marketing to push spot crypto funds in November.

ETH roadmap watch

Coverage points to another Ethereum tech upgrade slated for early December, building on 2025 improvements and keeping L2s in focus.

Exchanges keep courting retail

Bybit refreshed its weekly airdrop program with dual prize pools as CEXs lean on promos while on-chain activity softens.