Is bad news for Jensen Huang also bad news for the AI industry?
"Jensen is Nvidia, right? And so much of this economy is riding on Nvidia."
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1 todayNov 16
Nov 15
Anthropic CEO Amodei admits "there's a huge uncertainty in what's going to happen next year" days before a record IPO
Days before what could be the largest IPO in history, Anthropic CEO Dario Amodei called buying compute 'the deepest business dilemma' his company faces. Anthropic's commitments now total nearly $901 billion, and it's still far from clear whether future revenue will justify those costs. The planned IPO is largely meant to serve as a financial buffer against that uncertainty.
Nov 14
Jensen Huang’s departure blasts big hole in AI startup funding, VCs and founders say
Nvidia poured tens of billions into AI startups under Huang. Without him at the helm, founders and VCs are bracing for smaller checks and lower valuations.
Banks bar Chinese and Hong Kong investors from Anthropic IPO over US export controls
Chinese investors are shut out of Anthropic's IPO, Bloomberg reports. Banks are rejecting buy orders from mainland China and Hong Kong, citing U.S. export control rules known as ITAR. Similar restrictions applied during SpaceX's IPO, and Anthropic's products aren't available in either region anyway.
Anthropic's IPO is six times oversubscribed and on track to become the largest public offering in history
Anthropic is on track for the largest IPO ever, with orders exceeding available shares by a factor of six.
Nov 13
[AINews] Jensen Huang resigns after 33 years leading NVIDIA
Colette Kress takes over as interim CEO. What happens to open source/American AI leadership?
Five ways Jensen Huang’s ouster from Nvidia could damage the AI industry
Nvidia's ousted CEO Jensen Huang's downfall isn’t just your run-of-the-mill salacious billionaire sex scandal. He was using his influence to push the AI industry in some very specific ways.
Jensen Huang’s exit puts Nvidia’s support for open source in question
Jensen Huang’s resignation raises questions about Nvidia’s commitment to open source AI, including its Hugging Face acquisition, open-weight models, and advocacy against restrictions, as the company navigates a leadership transition.
Nov 12
Jensen Huang resigns as Nvidia CEO after espionage scandal wipes out $1.4 trillion in market value
Jensen Huang resigned as CEO, president, and board member of Nvidia effective immediately, according to a statement on November 12, 2026.
US corporate AI spending hits a new high in October, but growth slows to 1.65 percent
According to the Ramp AI Index, US corporate AI spending rose just 1.65 percent in October 2026. One percent of companies still drive 80 percent of revenue for OpenAI and Anthropic. Customer support is emerging as a new growth driver, but it may bring lower margins than the coding business that has fueled spending so far.
Taiwan’s chipmaking giant TSMC to invest $1B in Anthropic, OpenAI
Latest example of the AI boom’s circular financing comes as AI trade wobbles.
Anthropic's IPO roadshow video
Anthropic's IPO roadshow video Anthropic kicked off their IPO roadshow yesterday, and their roadshow video has some previously unreleased information about how their business works. The section on "Approach to compute" with co-founder Tom Brown is particularly interesting, describing how Anthropic train and serve Claude across AWS Trainium, Google TPUs, NVIDIA GPUs, and AMD GPUs.
OpenAI’s quarterly revenue reportedly crosses $10B for the first time
Sales of $10 billion represents an almost 50% jump from revenue of $6.7 billion the company recorded in the second quarter.
Nov 11
Enterprise sales push OpenAI's quarterly revenue to $10 billion, though it still trails Anthropic
OpenAI grew its quarterly revenue 50 percent to $10 billion but is still burning more cash than it brings in. Adjusted operating losses climbed to $10.9 billion, while rival Anthropic operates far more efficiently on $17 billion in revenue. To close the gap, OpenAI is now fueling a price war for enterprise customers.
US data brokers are selling half a billion dollars in RL training environments to Chinese AI labs
US data brokers like Mercor, Surge AI, and AfterQuery are selling roughly half a billion dollars' worth of AI training data to Chinese labs, according to a ChinaTalk investigation. That includes the same RL environments previously built for OpenAI or Anthropic. At least nine firms are involved, and export controls barely apply.
Anthropic says AI is eroding Nvidia's CUDA lead, cutting an AMD chip switch from months to three days
Anthropic claims it used AI itself to breach Nvidia's CUDA moat. The company's in-house model Mythos reportedly ported Claude to AMD GPUs in just three days, with almost no human intervention. Anthropic now runs Claude on four chip families and aims to cut costs and reduce vendor dependencies.
All 7 Anthropic founders will each cash out about $250M in IPO
Each of the seven co-founders plans to sell exactly the same number of shares in the IPO, which would bring each of them about $250 million in cash at the midpoint of the price range while leaving the group in control of the company.
OpenAI, Anthropic face new oversight as New York’s AI safety law takes effect
New York is preparing to enforce its sweeping AI safety law, requiring major developers like OpenAI and Anthropic to register, disclose safety practices, and report critical incidents or face fines.
PSI is trying to make a business out of AI-driven scientific discovery
PSI used an unreleased Anthropic model to answer a fundamental question about quantum computing that scientists have pursued for nearly two decades.
The US is winning the AI race. Jensen Huang could have blown it
As espionage targets go, Jensen Huang is perhaps one of the least surprising on Earth. The Nvidia CEO runs one of the world's most valuable companies, controls the in-demand technology fueling the AI boom, and is cozy with presidents, CEOs, and all manner of important people. He also wears a cool leather jacket.
Nov 10
Anthropic kicks off IPO roadshow, offering shares at $70 to $78 and targeting a trillion-dollar valuation
Anthropic is kicking off its IPO roadshow, targeting a valuation of up to $1.02 trillion. Beyond the public offering of up to $64.4 billion, the company is securing $26 billion through a private placement with Google, Nvidia, Microsoft, and other major tech firms as anchor investors.
Eight countries and top AI labs agree to shutdown mechanisms in new Paris declaration
Eight countries along with representatives from OpenAI, Anthropic, Microsoft, and Mistral AI have signed the "Paris Call for AI Safety and Security" at Emmanuel Macron's initiative. The companies commit to shutdown mechanisms, independent audits, and disclosing known risks, but the agreement lacks binding sanctions or deadlines.
Anthropic sets IPO price range of $70 to $78 per share to reach an implied valuation of $1.404 trillion
The company could end up being worth a hefty $1.404 trillion if its shares list at the top of the price range, on a fully diluted basis.
Anthropic targets $1.4 trillion IPO
Anthropic confirmed on Tuesday that its IPO could be one of the biggest ever, even while falling short of previous expectations. Its IPO price is expected to be between $70.00 and $78.00 per share, which would put its valuation as high as $1.4 trillion, according to the The New York Times.
Anthropic reportedly plans to move forward with IPO plans
The AI company is expected to set its valuation range this week, the Wall Street Journal reported.
Jensen Huang pulls out of ElevenLabs Summit amid Nvidia controversy
The Nvidia CEO also pulled out of an Anthropic event earlier.
Claude Code is accidentally exposing secrets all over GitHub
"Do not ask again" prompt leads to passwords, API keys, and more being shared.
Anthropic joins AI’s natural gas frenzy, buys $3.4B worth of turbines
Anthropic bought billions of dollars worth of natural gas turbines in a deal that could give it buyer's remorse.
Nancy Pelosi’s replacement is ready to regulate AI
As a California state senator, Scott Wiener authored legislation aimed at curbing the risks of advanced AI. Now, after winning a tight congressional race for former Speaker of the House Nancy Pelosi’s open San Francisco seat, he could play a key role in setting federal AI policy.
Nov 9
Is Jensen Huang’s job on the line? Yale’s Jeffrey Sonnenfeld estimates it’s ‘about a 50-50’
Nvidia’s board is investigating Jensen Huang over his relationship with a suspected Chinese spy, and Yale’s Jeffrey Sonnenfeld thinks it’s roughly a coin flip whether Huang stays on as CEO.
Nov 8
Anthropic pushes ahead with pre-Thanksgiving IPO despite tech selloff, accepts lower valuation
Despite the tech selloff, Anthropic is pressing ahead with its IPO at a valuation of $1.25 to $1.75 trillion, well below the hoped-for $2 trillion. The Claude developer aims to raise $80 to $100 billion before Thanksgiving. Rival OpenAI has also recently had to cut its valuation.
Nov 7
Why a new report on Anthropic automating AI development is alarming researchers
Anthropic is using AI to build more powerful AI. And it appears to be working remarkably well, with the company's models improving roughly twice as quickly as a year ago, with little indication of slowing down.
OpenAI lands an $11 billion funding round, but has to court dentists for more capital
OpenAI has secured $11 billion in fresh capital, the first tranche of a round that values the company at $1.25 trillion. The full round could swell to $20 billion. That OpenAI is already turning to wealthy private investors hints at a saturating AI capital market and growing investor caution.
[AINews] Anthropic IPO: Whither Now?
ARC Prize tests Inkling 2 Small, and Thinking Machines explains how it caught early checkpoints bypassing guardrails.
From the front row to the hot seat — what the midterms mean for Big Tech
After spending two years getting cozy with the White House, Big Tech is suddenly trying to make friends with Democrats, and the open question is whether that image makeover can hold up against what states, local communities, and the markets are about to do.
OpenAI valued at $1.25 trillion, as rival Anthropic nears its IPO
OpenAI is now valued at $1.25 trillion in a new round of funding that has raised another $11 billion, according to Bloomberg. That would make it one of the world's most valuable companies, not long after raising $122 billion from investors in March at a valuation of $852 billion.
OpenAI reportedly raises an additional $11 billion at a $1.25 trillion valuation
OpenAI has reportedly raised an additional $11 billion as part of a funding round that hasn't closed yet but is expected to in the coming weeks.
All the latest updates on AI data centers
Massive new data centers are the physical foundation for tech companies’ hopes and dreams for AI. But the rush to expand warehouses full of energy-hungry servers has also kicked up fights across the world over their impact on power grids, utility bills, nearby communities, and the environment.
Ramp data shows AI spending stalling just as Anthropic nears its IPO
AI usage keeps climbing, but spending has stalled. Price cuts and smarter cost controls among the biggest spenders could challenge investor assumptions about AI hypergrowth.
Nov 6
METR finds Anthropic may have crossed its own AI acceleration warning threshold back in July
Nonprofit METR spent eleven weeks auditing Anthropic's internal research data and concluded that the pace of model development has roughly doubled, with about 80 percent of the speedup driven by AI-assisted research. Anthropic redacted the most informative evidence, though, which means the public has to rely on METR's judgment "much more than would be ideal."