The unfolding Jensen Huang scandal: a timeline
The affair could have ramifications for national security as the U.S. and China race to develop the most advanced AI infrastructure.
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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.
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.
Nvidia CEO Jensen Huang’s affair with alleged Chinese spy: a timeline
The affair could have ramifications for national security as the U.S. and China race to develop the most advanced AI infrastructure.
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.
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.
Nvidia CEO Jensen Huang has resigned. What happens next?
After the leather-jacketed CEO, president, and co-founder of Nvidia, Jensen Huang, acknowledged an affair with Megaspeed exec Alice Huang, his company initially announced an investigation. However, The New York Times reported on Wednesday that there was evidence of another affair, this time with an Nvidia executive who reported directly to him.
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.
Nov 9
Nvidia espionage scandal weakens Huang's lobby against tighter AI chip export controls
Nvidia CEO Jensen Huang has admitted to an extramarital affair with a woman US intelligence agencies classify as a suspected Chinese informant. The board has launched an independent investigation.
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
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.
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.
Nov 6
Anthropic's $1.5 trillion IPO hits resistance as investors balk at valuation
Anthropic's IPO is in trouble as investors push back on the $1.5 trillion valuation and the tech market sells off.
Nov 5
OpenAI to acquire Pierre Computer Company, Inc.
OpenAI will acquire Pierre Computer Company, expanding Codex’s tools for building, understanding, and reviewing code.
Nov 4
OpenAI says GPT-6 Astra designed a hardware device from scratch in under a week
OpenAI's hardware team used GPT-6 Astra to design a device for the Codex coding agent in under a week, handling everything from the enclosure to the circuit board to the firmware. Several revision rounds were needed before production because the model didn't always account for manufacturing tolerances.
Nov 3
Anthropic grows revenue twelvefold but posts $23 billion loss
Anthropic swings back to an operating loss ahead of its blockbuster IPO.
Oct 31
OpenAI raises just $11 billion of its $30 billion target as big investors lose their AI appetite
OpenAI raised only about $11 billion in its latest funding round, less than half of the $30 billion it was targeting. At $1.25 trillion, the valuation falls short of expectations, and major investors appear to be pulling back amid the recent tech sell-off. Meanwhile, rival Anthropic is pushing to go public as early as November.
Cracks are emerging in the AI spending boom
Big Tech is pouring billions into AI infrastructure, but mounting debt, negative cash flow, and growing investor skepticism are raising questions about the sustainability of the AI spending boom.