Up to $601 billion of Nvidia's value vanished at Thursday's open, with shares down as much as 14%, after Jensen Huang resigned. Market cap fell below $4 trillion for the first time since 2025. How much of the AI boom was priced on one man?
Up to $1.4 trillion: that is the valuation Anthropic's IPO price range of $70 to $78 a share implies. Nvidia, Google and other giants are lining up $26 billion in a private placement alongside the listing. Suppliers and rivals, one shareholder list.
Prediction: with suppliers and rivals all holding shares, nobody can afford to watch Anthropic stumble. Does that make AI competition friendlier at a valuation of up to $1.4 trillion? Expect people to disagree.
Anthropic's revenue run rate hit $81 billion on 31 October, up $10 billion in a month. Now it is unveiling Claude Sheets, a video call assistant and a dashboard tool, many in beta, taking on Microsoft and Google. Both are backers. Bold move before an IPO?
Nvidia CEO Jensen Huang has admitted an affair with a former Megaspeed executive. A memo circulating among US policymakers claims China's Ministry of State Security recruited her to spy on him. Nvidia's board has launched an independent investigation.
Nvidia's chips sit at the centre of the AI race between the US and China, and Huang seems close to President Donald Trump. My bet: he keeps the job, because the board already says it has confidence in him. Will Washington accept that?
New Matrix is on the approved list to handle Nvidia's H200 AI chips. The New York Times reports its offices are empty, "a hollow grey shell". If nobody checks the address, who is checking where the chips actually end up?
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Months after a jury verdict against Meta and Google in the first social media addiction trial, the two are now suing with TikTok to block California's ban on "psychologically exploitative features" for under-16s. Which features are they fighting to keep?