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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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OpenAI–Upwork study: AI-related freelance projects bundle more work and carry larger fixed budgets, but the data don't show job replacement

Nov 10, 2026

OpenAI–Upwork study: AI-related freelance projects bundle more work and carry larger fixed budgets, but the data don't show job replacement

A joint OpenAI and Upwork report published November 10, 2026 finds that AI-related Upwork postings spread across more kinds of work and combine tasks that clients rarely requested together before generative AI. Their posted fixed-price budgets are about 52% higher after adjusting for work subcategory and posting month. Posted hourly rates differ by only about 1.5% after the same adjustment, while hired hourly contracts with positive recorded hours log about 41% more hours in their first 90 days. The authors read this as a pattern consistent with larger project scope, not simple substitution. Each number comes from a different population, window and contract type, and none is causal. The ChatGPT comparison shows share shifts across Upwork categories, not absolute job losses. This article maps each metric to its sample and explains how to read a budget gap versus a rate gap.

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OpenAI Agents SDK preview separates local profiles from portable checkpoints

Nov 7, 2026

OpenAI Agents SDK preview separates local profiles from portable checkpoints

Alpha.6 adds LocalStorage and expands SessionState recovery. Its pinned guide keeps runtime compatibility, current tool authority and unknown external effects as separate checks.

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