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Anthropic IPO Targets $1.4 Trillion Valuation, $64 Billion Raise

Nov 11, 2026

Anthropic IPO Targets $1.4 Trillion Valuation, $64 Billion Raise

Anthropic set a $70 to $78 share price range for its IPO, valuing the Claude maker at roughly $1.4 trillion on a fully diluted basis. The offering could raise up to $64 billion, with Amazon and Google holding the biggest paper gains. Trading is expected to start November 19 under the ticker ANT.

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Jensen Huang Drops AI Events as Nvidia Opens Investigation

Nov 10, 2026

Jensen Huang Drops AI Events as Nvidia Opens Investigation

Nvidia's board is investigating whether CEO Jensen Huang was targeted by a foreign intelligence operation after he admitted to an affair in a staff memo. Huang has dropped out of two AI events this week, and the uncertainty is already shaking the AI infrastructure builders rely on.

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Revolut Swaps Claude Code for Chinese GLM, Cuts Coding Costs 90%

Nov 8, 2026

Revolut Swaps Claude Code for Chinese GLM, Cuts Coding Costs 90%

Revolut has moved roughly 2,000 engineers from Anthropic's Claude Code and OpenAI's Codex to a self-hosted instance of GLM 5.3, an open-weight model from Beijing-based Z.ai, cutting AI-assisted coding costs by approximately 90%. David Abitbol, who leads AI operations and infrastructure at Revolut, shared the migration story at the AI Engineer conference in New York, detailing how the fintech tuned the model from a "terrible" out-of-box experience of 14-second latency down to 1.6 seconds. The move underscores a growing trend: well-funded engineering organizations are betting on self-hosted open-weight models over per-seat SaaS subscriptions for AI coding tools.

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