Huang Renxun resigns as NVIDIA CEO, CFO Kress takes interim role
The story so far
NVIDIA's board has approved the resignation of co-founder Jen-Hsun Huang from the positions of President, CEO, and Director, effective immediately; Executive Vice President and CFO Collette Kress appointed as interim CEO and continues to hold the position of CFO until a permanent successor is found. Board Chairman Harvey Jones stated that the resignation occurred after the board launched an investigation into multiple extramarital affairs involving Huang with a direct subordinate and a person accused of being a Chinese spy. The news triggered a sharp decline in global AI concept stocks, with NVIDIA's stock price falling 8.2% in the morning, with its market value falling below $400 billion for the first time since July 2025. The U.S. Department of Justice is conducting multiple investigations into NVIDIA, including one involving antitrust, and two others involving Megaspeed and Supermicro Computers; currently, there is no indication that the Department of Justice plans to criminally prosecute NVIDIA or Huang. Huang's departure comes as Anthropic is advancing its IPO: its subscription demand is about 6 times the number of shares available for sale, the company and its co-founders plan to raise up to $64.4 billion through the IPO and $26 billion through private placement, with a target valuation of about $1.4 trillion, NVIDIA plans to subscribe to about $10 billion in the private placement.
AI-written from the reports · Updated 24 minutes ago
Developments
62 developments
- 14 Nov, 20:00 · 1 reportsJensen Huang and the decline of the visionary showman foundedThe Verge · AI:Huang Renxun's departure from NVIDIA marks the end of the visionary showman founder-CEO era.
- 14 Nov, 06:43 · 1 reportsJensen Huang departure impacts AI startup fundingTechCrunch · AI:After Huang Renxun's departure, NVIDIA's investment contraction may leave a gap in AI startup funding
- 14 Nov, 04:07 · 1 reportsJensen Huang oustedThe Decoder:Huang Renxun was dismissed or due to NVIDIA's risk business practices rather than personal life.
- 13 Nov, 22:50 · 1 reportsNVIDIA's Huang Renxun Resigns as CEOITHome · AI:Huang Renxun's resignation as NVIDIA CEO could add uncertainty to Anthropic's 'largest IPO in history' next week
- 13 Nov, 22:47 · 1 reportsJensen Huang resigns from NvidiaThe Verge · AI:The real interests involved behind the Huang Renxun incident
- 13 Nov, 08:13 · 1 reportsNVIDIA CEO Huang Renxun ResignsITHome · AI:NVIDIA CEO Huang Renxun Resigns, his $9 billion charity foundation faces uncertainty
- 13 Nov, 07:59 · 1 reportsHuang Renxun stepped down from the positions of President, CEO, and Board Member.ITHome · AI:NVIDIA announces CEO Huang Renxun's immediate resignation
- 13 Nov, 06:18 · 1 reportsU.S. Justice Department launches multiple investigations into NVIDIAITHome · AI:The U.S. Department of Justice has launched multiple investigations into NVIDIA, including an antitrust investigation.
- 13 Nov, 02:39 · 1 reportsJensen Huang's exitTechCrunch · AI:Huang Renxun's departure raises questions about NVIDIA's commitment to open-source support
- 13 Nov, 00:34 · 1 reportsWhen to use every Claude modelClaude · YouTube:How Claude selects appropriate models based on job scale
- 13 Nov, 00:19 · 1 reportsJensen Huang resignsExponential View:Huang Renxun Resigns, AI Prosperity's Pillar Shaken
- 12 Nov, 23:48 · 1 reportsJensen Huang resigned as CEO.The Verge · AI:
- 12 Nov, 23:37 · 2 reportsJensen Huang resignsTechCrunch · AI:NVIDIA's board announced that co-founder and CEO Huang Renxun has resigned, and CFO Colette Kress has taken over as interim CEO.
- 12 Nov, 23:34 · 1 reportsNVIDIA's Huang Renxun Resigns as CEOITHome · AI:Jensen Huang resigns as NVIDIA CEO, hits global AI concept stocks, AMD, Broadcom rise against the trend
- 12 Nov, 23:03 · 1 reportsHarvey Jones Appointed as NVIDIA's First Chairman of the BoardITHome · AI:After Huang Renxun's departure as CEO, Jensen Huang's first chairman of the board, Harvey Jones, sent an internal letter.
- 12 Nov, 21:52 · 5 reportsJensen Huang Resigns as CEO of NvidiaPlatformer:Jensen Huang resigns from NVIDIA: the end of the era of American tech leaders
- 12 Nov, 19:46 · 1 reportsAnthropic IPOHacker News · 300+:Anthropic announces IPO plans
- 12 Nov, 19:05 · 1 reportsDubai tycoon: Can earn billions just by investing in OpenAI, SpaceX and Anthropic36Kr · AI:Hussain Sajwani, investor in OpenAI, SpaceX, and Anthropic, is expected to get billions of dollars in return
- 12 Nov, 16:16 · 1 reportsElon Musk is ready to hire Jack Dorsey.QbitAI:Elon Musk is ready to hire Jack Dorsey.
- 12 Nov, 11:44 · 1 reportsMusk responds to hiring Huang RenxunITHome · AI:
- 12 Nov, 08:00 · 1 reportsJensen Huang Resigns as CEO of NvidiaTomasz Tunguz:NVIDIA CEO Huang Renxun Resigns, AI Economy Faces Policy Tightening Impact
- 12 Nov, 07:04 · 4 reportsAnthropic IPO subscription demand exceededThe Decoder:Anthropic IPO Secures Sixfold Over-subscription, Expected to Become the Largest Public Offering in History
- 11 Nov, 15:25 · 1 reportsIPO fundraising36Kr · AI:Anthropic plans to raise $3 billion to $3.5 billion from Japanese investors in its IPO
- 11 Nov, 15:14 · 1 reportsRisk of Anthropic's IPO36Kr · AI:Anthropic's century IPO may become the peak of the AI market trend, with a veteran in technology warning that a chain reaction could occur after the ban period expires.
- 11 Nov, 10:15 · 1 reportsAnthropic investors are pre-selling IPO placement shares.36Kr · AI:Anthropic sells IPO allocation shares to investors in advance and charges an additional fee of up to 5%
- 11 Nov, 08:10 · 1 reportsAnthropic's seven co-founders plan to cash out $1.75 billion in the IPO36Kr · AI:Anthropic's seven co-founders plan to cash out $1.75 billion in the IPO
- 11 Nov, 03:07 · 2 reportsIndependent directors hire investigative lawyersNVIDIA Newsroom:NVIDIA's independent director hires Joon H. Kim law team to conduct an investigation
- 11 Nov, 03:03 · 1 reportsSolving quantum computing problemsTechCrunch · AI:PSI attempts to turn AI-driven scientific discoveries into a business
- 10 Nov, 23:17 · 1 reportsGoldman Sachs estimates that Anthropic's revenue will exceed 600 billion US dollars by 2030.ITHome · AI:Goldman Sachs estimates that Anthropic's revenue will exceed 600 billion US dollars by 2030.
- 10 Nov, 22:21 · 2 reportsReverse Engineer Anything404 Media:AI companies restrict users from reverse engineering Claude and Codex
- 10 Nov, 19:40 · 6 reportsIntends to raise 64.4 billion US dollars through IPOTechCrunch · AI:
- 10 Nov, 15:03 · 1 reportsFable 5.2 first practical testsQbitAI:Fable 5.2 Initial Tests: Significant Ability Boost but 20% Price Drop, Users Create Stunning Effects in Games, Videos, 3D Modeling
- 10 Nov, 13:09 · 2 reportsWithdrawal of IPO pricing information.ITHome · AI:
- 10 Nov, 12:19 · 1 reportsPlans to live stream IPO discussions.36Kr · AI:Anthropic is reportedly planning a live event for its IPO, with CEO Dario Amodei discussing with Jamie Dimon, CEO of JPMorgan Chase.
- 10 Nov, 08:00 · 1 reportsMKA evaluation results releasedArtificial Analysis Articles:Claude Fable 5.2 leads multimodal knowledge work in Multimodal Knowledge Agent (MKA) evaluation
- 10 Nov, 07:32 · 7 reportsAnthropic advancing its IPOITHome · AI:
- 10 Nov, 07:15 · 1 reportsAnthropic launches IPO roadshow36Kr · AI:Anthropic may start officially promoting its IPO as early as next Tuesday.
- 9 Nov, 20:00 · 17 reportsRelease new modelClaude · YouTube:Anthropic released Claude Fable 5.2
- 7 Nov, 11:15 · 1 reportsSome investors lower Anthropic's IPO valuation36Kr · AI:Some investors have downgraded Anthropic's IPO valuation to $1.5 trillion.
- 7 Nov, 11:04 · 1 reportsAnthropic IPO: Whither Now?Latent Space:Anthropic IPO: Current Market Dynamics and Valuation Analysis
- 7 Nov, 09:03 · 2 reportsAnthropic plans to start its IPO roadshow next weekITHome · AI:Anthropic plans to launch its IPO roadshow next week, aiming to complete the IPO before Thanksgiving.
- 6 Nov, 19:38 · 2 reportsIPO faces obstaclesThe Decoder:
- 5 Nov, 10:37 · 2 reportsOpenAI's CEO says most of the company's revenue comes from its business divisionTechCrunch · AI:Greg Brockman, CEO of OpenAI, said the company might be ready for an IPO in 2027
- 3 Nov, 14:50 · 1 reportsWall Street urges Anthropic to be cautious with pricing36Kr · AI:
- 3 Nov, 10:26 · 1 reportsAnthropic plans IPO for Australian retail investors36Kr · AI:Anthropic reportedly plans to sell shares to Australian retail investors in its IPO
- 3 Nov, 07:15 · 1 reportsEmployee costs exposedITHome · AI:Anthropic employee costs revealed, averaging over 100,000 US dollars per person per month
- 3 Nov, 06:14 · 2 reportsclose to RSI capabilityTechCrunch · AI:Anthropic warns of nearing RSI capabilities in the revised S-1
- 3 Nov, 00:40 · 1 reportsInternal AI usage costs exceed employee salariesHacker News · AI hot posts:The internal AI usage cost (retail price) at Anthropic has exceeded employee salaries
- 1 Nov, 06:56 · 1 reportsAnthropic may become the greatest company in the history of capitalismITHome · AI:White House science and technology advisor: Anthropic could become the greatest company in the history of capitalism.
- 31 Oct, 10:04 · 2 reportsBlackstone predicts Anthropic's rating may be BB after its IPOITHome · AI:Blackstone backtracks, saying Anthropic may not get investment-grade credit rating
- 31 Oct, 05:52 · 1 reportsHigh 'junk' rating expectationsTechCrunch · AI:Annapolis (Anthropic) may receive a high 'junk' rating after its IPO, according to The Financial Times.
- 30 Oct, 13:50 · 1 reportsClaude new model exposedQbitAI:Anthropic Claude New Model Fable 5.5 and Opus Revealed: Early Testing Results Impressive, Expected to Launch Next Week
- 30 Oct, 08:00 · 1 reportsClaude Opus vs Sonnet vs Haiku comparisonOpenRouter Blog:Claude Opus vs Sonnet vs Haiku: Which version is more suitable for your use case?
- 29 Oct, 21:30 · 1 reportsAnthropic’s business plan: Build God or die tryingThe Verge · AI:Anthropic's business plan: either become a god-like AI or face bankruptcy.
- 29 Oct, 19:33 · 1 reportsAustralian investment executives hold a cautious attitude towards Anthropic's IPO36Kr · AI:Some investment managers in Australia are adopting a cautious approach towards Anthropic's IPO plans.
- 29 Oct, 07:29 · 1 reportsAnthropic plans to sell shares to retail investors in the UK36Kr · AI:Anthropic is reported to be planning to sell shares to UK retail investors through RetailBook
- 28 Oct, 15:14 · 1 reportsAnthropic plans to allocate up to 20% of its IPO shares to retail investors36Kr · AI:Anthropic plans to allocate up to 20% of its IPO shares to retail investors, with JPMorgan Chase handling the U.S. market subscription.
- 28 Oct, 09:15 · 1 reportsAmazon's Investment in AnthropicTechCrunch · AI:Anthropic IPO: Venture capital firms could get billions back, but Amazon will profit more
- 28 Oct, 05:38 · 1 reportsAnthropic IPO governanceTechCrunch · AI:Who truly controls the company after Anthropic's IPO?
- 28 Oct, 00:51 · 1 reportsAnthropic’s elaborate plan to keep Wall Street at bayThe Verge · AI:Anthropic introduces a complex governance structure to address Wall Street pressure
- 27 Oct, 14:37 · 1 reportsAnthropic IPOITHome · AI:Australia's largest bank Commonwealth Bank may cash in billions of AUD from Anthropic's IPO
- 26 Oct, 00:00 · 28 reportsPublished S-1 filingAnthropic Newsroom:Anthropic files S-1 with SEC, plans NASDAQ IPO
Coverage timeline
Follow the coverage to see every side of the story.
- The Verge · AIFeaturedHuang Renxun's departure from NVIDIA marks the end of the visionary showman founder-CEO era.
The Verge reports that NVIDIA CEO Huang Renxun has left the company he co-founded 33 years ago, following allegations involving two chip smuggling scandals and three extramarital affairs. The article reviews his journey in turning NVIDIA into a company with a market value of $500 billion, betting on technologies like Riva 128 and CUDA, and notes that he has not designated a successor and that about 60 employees report directly to him. Several analysts believe the product roadmap is locked in until 2027, with short-term impacts on stock price rather than business operations, but the key question is whether a successor can continue his long-term investment commitment.
- TechCrunch · AIFeaturedAfter Huang Renxun's departure, NVIDIA's investment contraction may leave a gap in AI startup funding
Multiple investors and founders interviewed by TechCrunch believe that after Huang Renxun's departure as CEO of NVIDIA, the company's investment in AI startups may be significantly tightened. According to PitchBook data, NVIDIA participated in 105 funding rounds this year and was often the largest investor, having invested in CoreWeave, Crusoe, Mistral AI, Lambda, and Black Forest Labs, and acquired Hugging Face for 13 billion USD.
- The DecoderHuang Renxun was dismissed or due to NVIDIA's risk business practices rather than personal life.
Under Jensen Huang's leadership, NVIDIA established a risk credit program, providing billions of dollars in guarantees to AI cloud providers and data center developers in exchange for revenue shares, with the largest transaction being the negotiation of a $250 billion guarantee for an Ohio data center with OpenAI.
- NewcomerFeaturedNVIDIA's Huang Renxun Resigns, Anthropic IPO and Computing Power Demand Become Focal Points of CVAI Summit
At the Cerebral Valley AI Summit in San Francisco, AI founders and investors discussed Huang Renxun's resignation from NVIDIA, Anthropic's upcoming IPO, and the continuously rising demand for computing power.
- Where's Your Ed AtPremium: Unveiling the Transnational Network Suspected of Smuggling NVIDIA GPUs
The Culper Research report accuses NVIDIA of channeling over 20% (approximately $43.8 billion) of its 2026 fiscal year revenue from China through a cross-border smuggling network, involving the personal relationships of executive Jensen Huang; Culper has gone short on NVIDIA due to this report, facing significant risks; mainstream media like The Wall Street Journal have reported inadequately and avoided the main point, failing to mention the revenue source and the report's content.
- The DecoderFeaturedAnthropic IPO Secures Sixfold Over-subscription, Expected to Become the Largest Public Offering in History
According to Bloomberg, Anthropic's IPO order volume reached six times the number of shares available for sale. The company and its co-founders plan to raise up to 644 billion USD through the public offering, and an additional 260 billion USD through private placement, aiming for a valuation of around 1.4 trillion USD.
- ITHome · AIHuang Renxun's resignation as NVIDIA CEO could add uncertainty to Anthropic's 'largest IPO in history' next week
NVIDIA's co-founder and CEO Huang Renxun suddenly resigned, adding uncertainty to Anthropic's planned private placement IPO, valued at 26 billion USD, scheduled for November 18 or 19, which is seen as a test of AI investment enthusiasm. Anthropic has committed to spending billions of dollars using NVIDIA's most advanced chips, but analysts believe Huang Renxun's departure could shake market confidence in the entire AI industry and put pressure on Anthropic's first post-IPO financial report.
- The Verge · AIThe real interests involved behind the Huang Renxun incident
Huang Renxun resigned from his position as CEO of NVIDIA on Thursday, but the story may unfold further in the coming weeks and months. Issues surrounding NVIDIA's business in China, the U.S. government's willingness to turn a blind eye to protect allies, and the stability of the entire AI industry will all face tests. How will the AI industry respond to the upcoming scrutiny? Meanwhile, small-scale news in the streaming services sector reveals Hollywood's plan to combat TikTok.
- TechCrunch · AIIsraeli VCs see an opportunity as challengers rise amidst Nvidia's leadership turmoil
Jensen Huang's departure has raised concerns in Israel due to his significant contributions to the local economy and R&D; Nvidia's dominant position in the AI field has led many Israelis to speculate how his leadership crisis will reshape strategy; investors believe that although Huang's departure may weaken Nvidia's commitment to Israel, product demand will not disappear and could instead provide opportunities for competitors.
- Latent SpaceFeaturedHuang Renxun Resigns as NVIDIA CEO, Colette Kress Takes Over as Interim CEO
NVIDIA announced that Huang Renxun resigned from his positions as CEO, President, and Board Member after 33 years in charge, SEC filings show the board accepted the resignation on November 11, and the company announced it on November 12; Colette Kress, who has been CFO since 2013, retains her position and takes over as interim CEO, Harvey Jones becomes the first chairman of the board, and the board has launched a search for a successor.
- PlatformerJensen Huang resigns from NVIDIA: the end of the era of American tech leaders
Jensen Huang has stepped down from Nvidia, with CEO Colette Kress taking over. The co-founder of Nvidia left after 33 years since the company's inception, whose individualistic style helped the company become the world's largest enterprise, driving GPU technology innovation and supporting AI development. Nvidia's stock returned 700,000% under his leadership.
- 36Kr · AINVIDIA announces CEO Huang Renxun's resignation, CFO Colette Kress takes over as interim CEO
NVIDIA announces CEO Huang Renxun's resignation, CFO Colette Kress takes over as interim CEO; President Trump suggests Cook for the position; Tencent denies 50% layoffs; Godiva's operational partner fined 800,000 for promoting incorrect views on marriage and relationships.
- ITHome · AINVIDIA announces CEO Huang Renxun's immediate resignation
NVIDIA CEO Huang Renxun has resigned from his positions as President, CEO, and Board Member, effective immediately; Colette Kress assumes the role of interim CEO; the U.S. Department of Justice has launched multiple investigations against NVIDIA, including antitrust investigations.
- ITHome · AIThe U.S. Department of Justice has launched multiple investigations into NVIDIA, including an antitrust investigation.
The U.S. Department of Justice is conducting multiple investigations into NVIDIA, one of which involves antitrust issues, while the other two target Megaspeed and Supermicro Computers, focusing on the related activities of Alice Huang. Currently, there are no signs that the U.S. Department of Justice plans to prosecute NVIDIA or Huang Renxun with criminal charges. NVIDIA's CFO, Creighton Kilpatrick, will temporarily take over as CEO.
- TechCrunch · AIHuang Renxun's departure raises questions about NVIDIA's commitment to open-source support
Nvidia CEO Huang Renxun resigned after admitting to an extramarital affair with a Chinese spy, raising U.S. national security concerns, and the motivations behind his support for softer chip export controls against China are also questioned. Huang had firmly supported open-source AI, viewing it as a guarantee of security, innovation, diffusion, and sovereignty, and pushed Nvidia to develop the open-source AI model Nemotron, investing in startups like Reflection AI and Thinking Machines Lab to enhance the competitiveness of U.S. open-source models.
- SemiAnalysisHuang Renxun no longer serves as CEO of NVIDIA, US intelligence agencies may have been behind it
NVIDIA's board is investigating the behavior of Huang Renxun and considering his departure, with his relationship with Chinese-funded customers and subsidiaries causing ethical controversies; According to SemiAnalysis tracking data, NVIDIA chips restricted to over 1.5GW are still flowing into China, possibly related to Huang Renxun's resignation as CEO just four days after taking office, and the U.S. intelligence community may be pressuring him to leave. During Huang Renxun's 33 years at the helm, NVIDIA's unique structure was highly centralized around him like a kingdom, with about 60 direct subordinates having little decision-making power, the company being large in scale but with few employees, but lacking a successor reserve.
- Claude · YouTubeHow Claude selects appropriate models based on job scale
Claude model selection should match the scale of work: Opus 5.5 is suitable for planning and building complete functions, Fable 5.2 is suitable for the most challenging open technology tasks, Sonnet 5.5 is used for daily work such as fixing bugs or writing documents, Haiku 5.5 is adapted for small repetitive tasks.
- Exponential ViewHuang Renxun Resigns, AI Prosperity's Pillar Shaken
- TechCrunch · AINVIDIA's board announced that co-founder and CEO Huang Renxun has resigned, and CFO Colette Kress has taken over as interim CEO.
NVIDIA co-founder and CEO Huang Renxun has resigned, CFO Colette Kress takes over as interim CEO. Kress has been with NVIDIA since September 2013, previously holding executive positions at Cisco and Microsoft, holding a finance degree from the University of Arizona and an MBA from Southern Methodist University, Forbes estimates her net worth at approximately $1.2 billion. Kress stated she will continue to advance NVIDIA's leadership in accelerated computing and AI.
- ITHome · AIAfter Huang Renxun's departure as CEO, Jensen Huang's first chairman of the board, Harvey Jones, sent an internal letter.
Jensen Huang has stepped down from his positions as CEO and on the board of directors at NVIDIA, with Chief Financial Officer Colette Kress taking over as interim CEO, and Harvey Jones becoming the first board chair. Jones emphasized in an internal letter that he will safeguard the company that pioneered accelerated computing and AI core platforms, appointing Kress to lead the company's continued growth.
- Hacker News · 300+Jensen Huang resigns
Jensen Huang resigned, officially stepping down on November 14, 2026, after more than 35 years as co-founder and CEO of NVIDIA.
- Hacker News · 300+Anthropic announces IPO plans
Anthropic launched its roadshow and announced plans to go public on the NASDAQ with the stock ticker 'ANT', expected to begin trading on November 19. The company's Q3 revenue reached $1.7 billion, a year-on-year increase of 12 times, with customer growth of 12 times to 11,900, and computing efficiency improved 4 times since Q1 2025.
- Tomasz TunguzNVIDIA CEO Huang Renxun Resigns, AI Economy Faces Policy Tightening Impact
After the departure of NVIDIA CEO Huang Renxun, the massive investments he made over the past four years in the AI economy (acquisitions of $4.2 billion, equity investments of $6.1 billion, and lease guarantees of $16.45 billion) may face policy tightening, affecting the speed of AI development. During Huang Renxun's tenure, NVIDIA played multiple roles as a chip supplier, venture capitalist, cloud customer, and lease guarantor, and the new leader needs to maintain these relationships.
- 36Kr · AIFeaturedAnthropic's IPO demand exceeded several times over, planning to raise up to $90.4 billion through IPO and private financing.
Anthropic's IPO demand has reached several times the number of shares available for issuance, primarily driven by commitments from large anchor investors. The company and its co-founders plan to raise a maximum of $90.4 billion through IPO and private placements, which, if completed, will surpass the SpaceX IPO and become the largest IPO in history. Anthropic's fully diluted valuation target is approximately $1.4 trillion, lower than some investors' previous expectations.
- Claude · YouTubeClaude Code's use case selection between Fable 5.2 and Opus
Claude Code released Fable 5.2, requiring users to select Opus 5.5, Fable 5.2, Sonnet 5.5, or Haiku 5.5 based on task type, or distribute tasks across models. The availability and usage restrictions of each model vary depending on the subscription plan. Guidelines suggest using the corresponding model for complex coding and knowledge work, open-ended technical tasks, and low-cost limited tasks, respectively.
- TechCrunch · AINVIDIA crisis has drawn attention from corporate governance experts.
NVIDIA's stock price has fallen by nearly 10% for two consecutive days, despite the company not releasing major news. After CEO Huang Renxun admitted to an extramarital affair, the board has hired Wachtell, Lipton, Rosen & Katz law firm to conduct an internal investigation.
- 36Kr · AIAnthropic plans to raise $3 billion to $3.5 billion from Japanese investors in its IPO
Anthropic plans to raise 3 billion to 3.5 billion US dollars from Japanese investors through its initial public offering (IPO).
- ITHome · AIAnthropic's underwriters are considering raising the IPO offering price, with the valuation potentially exceeding $1.5 trillion
Anthropic's underwriters are considering raising the IPO offering price to a range above $70 to $78 per share, with a target valuation potentially exceeding 1.5 trillion dollars. The company plans to go public next week, raising up to $64 billion, with strategic partners investing $26 billion.
- 36Kr · AIAnthropic's century IPO may become the peak of the AI market trend, with a veteran in technology warning that a chain reaction could occur after the ban period expires.
Anthropic's initial public offering may become a peak in the AI market, and could trigger a chain reaction correction after the lock-up period ends. Jack Selby, head of venture capital firm Copper Sky, expressed this view.
- 36Kr · AIAnthropic sells IPO allocation shares to investors in advance and charges an additional fee of up to 5%
Some supporters of Anthropic PBC are pre-selling IPO allocation shares to new investors, involving up to $500 million in stock, with buyers needing to pay an additional fee equivalent to 3%-5% of the issue price. This move is happening the day before the IPO transaction.
- 36Kr · AIAnthropic's seven co-founders plan to cash out $1.75 billion in the IPO
Seven co-founders of Anthropic will sell stocks worth $1.75 billion in total in the upcoming IPO, with each co-founder planning to sell stocks worth about $250 million. Anthropic seeks to raise up to $90.4 billion through the IPO and private placement, corresponding to an estimated valuation of $1.4 trillion. The IPO plan is scheduled to price on November 18 and begin trading the next day.
- NVIDIA NewsroomNVIDIA's independent director hires Joon H. Kim law team to conduct an investigation
NVIDIA's independent director has hired former U.S. Attorney for the Southern District of New York Joon H. Kim and his Wachtell, Lipton, Rosen & Katz law firm to conduct a comprehensive investigation, which has been ongoing since it was announced on Sunday.
- TechCrunch · AIFeaturedPSI attempts to turn AI-driven scientific discoveries into a business
- ITHome · AIGoldman Sachs estimates that Anthropic's revenue will exceed 600 billion US dollars by 2030.
Goldman Sachs predicts Anthropic's revenue will exceed 600 billion US dollars by 2030, with approximately 52 billion US dollars in revenue in 2025, increasing to 136 billion US dollars in 2027, and reaching 442 billion US dollars in 2029. Anthropic's revenue in 2025 is 4.6 billion US dollars; if Goldman Sachs' prediction comes true, it will rank among the world's largest companies.
- MarkTechPostFeaturedAnthropic released Claude Fable 5.2 and Mythos 5.2: The same model, different safety guards.
Anthropic releases Claude Fable 5.2 and Claude Mythos 5.2, both based on the same underlying model. Fable 5.2 adds a classifier to intercept high-risk cybersecurity tasks and most biology research tasks, while Mythos 5.2 removes these restrictions and requires access through the Cyber Verification Program and Life Sciences Verification Program.
- 404 MediaAI companies restrict users from reverse engineering Claude and Codex
Users of Anthropic's Claude and OpenAI's Codex are encountering account or feature restrictions due to reverse engineering operations, such as fixing IoT devices or removing smart TV ads; OpenAI engineer Tarun Gogineni says these restrictions are mostly accidental, but users are turning to open-source or local models to bypass such restrictions, reflecting that large AI companies tend to protect their own and partners' interests when users use LLMs to circumvent hardware manufacturers' restrictions.
- 404 MediaApplications of AI reverse engineering for Claude Code and Codex are limited
Anthropic's Claude Code and OpenAI's Codex have been used by users for AI reverse engineering, but have now triggered security checks leading to restricted functionality or account bans, including attempts to repair IoT devices or remove smart TV ads; a reverse engineering project named Decomp.wtf has also shut down for similar reasons; OpenAI engineers say the restrictions are mostly accidental, but users are turning to using open-source or local models without such restrictions.
- The DecoderAnthropic's Fable 5.2 completes 41% of real freelance tasks, up 38.5% from last year
Anthropic's Fable 5.2 completed 41.3% of real freelance tasks, an increase of 38.5% compared to last year. The model excelled in areas such as 3D modeling, audio editing, and architectural design, successfully completing nearly 50 complex projects that previous AI models could not solve. Its direct predecessor, Fable 5.1, only completed 17.8%, while Opus 5.5 and GPT 6 Astra ranked behind with 21.25% and 20.83% respectively.
- The Verge · AIAnthropic's IPO target is $140 billion
Anthropic confirms its IPO could be one of the largest in history, valued at $140 billion, though lower than previous expectations. The IPO price is expected to be between $70 and $78 per share, and if successful, the company will become one of the most valuable publicly traded companies in the world, with plans to start trading next Thursday or Friday.
- The DecoderAnthropic initiates IPO roadshow, targeting $70 to $78 per share, aiming for a $100 billion valuation
Anthropic initiates IPO roadshow, planning to raise $6.44 billion through 825 million Class A common shares ($70 to $78 per share), targeting a $1.02 trillion valuation, plus a $2.6 billion private placement totaling $9.04 billion, with investment banks including Goldman Sachs and Morgan Stanley, the stock will be listed on the NASDAQ
- 36Kr · AIAnthropic announced its IPO target valuation of approximately 100 billion US dollars.
Anthropic announced plans for its initial public offering (IPO), aiming for a valuation of around $100 billion.
- ITHome · AIAnthropic plans to raise up to 644 billion USD through IPO, listing promotion about to launch
Anthropic plans to raise up to $64.4 billion through its initial public offering (IPO) and is preparing to launch its roadshow. Additionally, Anthropic plans to raise $26 billion from anchor investors such as Google, NVIDIA, and AMD through private placement offerings. Anthropic and some existing investors plan to sell shares in the IPO, with an initial pricing range of $70 to $78 per share.
- ITHome · AIAnthropic released Claude Fable 5.2, surpassing GPT-6 Astra in programming capability and topping multiple benchmarks.
Anthropic released the Claude Fable 5.2 model, achieving 49.1% programming capability in the FrontierCode 2.0 test, surpassing GPT-6 Astra's 42.8%; scoring 74.2% in the Humanity's Last Exam test, leading GPT-6 Astra's 57.2%. The model's output speed has increased by up to 30%, with a 20% cost reduction and API call fees lowered to $3/ million tokens.
- 36Kr · AIAnthropic was reported to have sent bankers withdrawal of IPO filing pricing information
Anthropic sent declaration documents to bankers participating in its IPO, later withdrawing the pricing information. The initial documents stated the plan to issue about 867 million shares with a price range of $70 to $80 per share. The company later emailed stating the pricing information was inaccurate and would update the declaration documents.
- 36Kr · AIAnthropic is reportedly planning a live event for its IPO, with CEO Dario Amodei discussing with Jamie Dimon, CEO of JPMorgan Chase.
Anthropic plans to hold a live event for its IPO, with CEO Dario Amodei discussing with Jamie Dimon, CEO of JPMorgan Chase; this arrangement is one of the promotional activities Anthropic is conducting for its potentially record-breaking IPO, which is expected to begin roadshows on Tuesday at the earliest, price on the eve of Thanksgiving and list on the NASDAQ, the discussion will take place on Friday New York time.
- TechCrunch · AIAnthropic is reportedly planning to move forward with its IPO plans.
Anthropic is reportedly planning to set a valuation range this week and begin trading next Thursday or Friday, despite recent market volatility and scandals. Investors will focus on its valuation to gauge the intensity of the AI frenzy, with some institutional investors pushing to lower it below the 150 billion U.S. dollars discussed last week, a figure already far below the 200 billion U.S. dollars target set several months ago.
- 36Kr · AIAnthropic announces new versions of the Fable and Mythos models
Anthropic releases new versions of the Fable 5.2 and Mythos 5.2 models, Fable 5.2 can handle more complex software engineering tasks and coordinate over 1000 AI agents, Mythos 5.2 offers enhanced protection in cybersecurity and life sciences; both models are faster than previous versions, with Fable at a lower price.
- Artificial Analysis ArticlesClaude Fable 5.2 leads multimodal knowledge work in Multimodal Knowledge Agent (MKA) evaluation
Claude Fable 5.2 (max) leads in the Multimodal Knowledge Agent (MKA) evaluation with a 57% Climb WSR score, followed by Gemini 4 Carbon (high) at 54% and Claude Opus 5.5 (max) at 53%.
- ITHome · AIAnthropic announced it will advance its IPO, with its valuation expectations facing a market cooldown.
Anthropic is advancing its initial public offering (IPO), planning to list on the Nasdaq next Thursday or Friday, with the stock code proposed as ANT. The market originally expected its IPO valuation to be around 1.5 trillion USD, but after the recent downturn in AI stocks, some institutional investors have demanded that the company accept a lower valuation, with the expected range potentially dropping to 1.1 trillion to 1.3 trillion USD. Anthropic has not yet publicly announced a delay in its listing plans and will begin roadshows this week to test market acceptance.
- 36Kr · AIAnthropic announces new versions of Fable and Mythos models
Anthropic releases Fable 5.2 and Mythos 5.2 models, Fable 5.2 can handle more complex software engineering tasks and coordinate over 1000 AI agents at a lower price; Mythos 5.2 has reduced defenses in cybersecurity and life sciences fields and will be promoted to institutions through a validation program, both models are faster than the old versions.
- ITHome · AIAnthropic has launched the Claude Fable 5.2 and Claude Mythos 5.2 AI models, with a 20% reduction in API call fees.
Anthropic has launched the Claude Fable 5.2 and Claude Mythos 5.2 models, the latter targeting professional institutions. Fable 5.2 has input and output costs per million tokens of $8 and $40, respectively, a 20% reduction from 5.1. Generation speed has been increased by up to 30%, with an optional fast mode that runs 2.5 times faster but at a higher price.
- The DecoderAnthropic's Claude Fable 5.2 and Mythos 5.2 reclaim the leading position in AI performance before their IPO.
Anthropic's Claude Fable 5.2 and Mythos 5.2 outperform competitors in multiple benchmarks, including leading GPT-6 and Gemini 4 Carbon by 65 points at the high computational tier of the Artificial Analysis Index v5.
- Hacker News · 300+Claude Fable 5.2 scored 65 in the Artificial Analysis evaluation, which is the highest score so far
Claude Fable 5.2 scored 65 in the Artificial Analysis evaluation, the highest score so far; the model performed excellently in the Intelligence Updated Capability Indexes evaluation.
- AWS Machine Learning BlogAnthropic launched Claude Fable 5.2 and Claude Mythos 5.2 on AWS
Anthropic Launches Claude Fable 5.2 and Claude Mythos 5.2 on AWS, Fable 5.2 is its most powerful general model for coding and scientific fields, supporting unsupervised operation for days; Mythos 5.2 is provided through a validation program and performs more reliably in cybersecurity and life science fields.
- TechCrunch · AIFeaturedAnthropic releases Mythos 5.2 and Fable 5.2 models, with Fable input price reduced to $8 per million tokens
Anthropic releases Mythos 5.2 and Fable 5.2, claiming new models have improvements in coding, reasoning, and vision, and communicate more clearly with users. Fable's input price drops from $10 per million tokens to $8, lower than major competitor GPT-6 Astra, with a 30% faster response speed, and can support zero data retention (ZDR) policies through Enterprise Frontier Safeguards.
- Claude · YouTubeFeaturedAnthropic released Claude Fable 5.2
Anthropic releases Claude Fable 5.2, designed for the most challenging technical challenges, with improvements in coding, reasoning, and vision, suitable for the most ambitious open-ended technical work. The official recommendation is to use Opus 5.5 for most coding and knowledge tasks, and Fable 5.2 is now available in the Pro, Max, Team, and Enterprise packages.
- The Verge · AIAnthropic releases new Claude Fable and Mythos 5.2 models
Anthropic releases new Claude Fable 5.2 and Claude Mythos 5.2 models, claiming improvements in coding, reasoning, and vision, with output speeds faster than the 5.1 version.
- Claude · YouTubeFeaturedAnthropic released Claude Fable 5.2
Anthropic released Claude Fable 5.2, stating that it has improved in coding, reasoning, and vision, targeting the most complex and open-ended technical work. The official recommendation is to start most coding and knowledge tasks from Opus 5.5, and Fable 5.2 has been launched in the Pro, Max, Team, and Enterprise packages.
- Hacker News · 300+Anthropic releases Claude Fable 5.2 and Claude Mythos 5.2 large models
Anthropic releases Claude Fable 5.2 and Claude Mythos 5.2, significantly improving in coding, reasoning, and visual tasks, supporting various complex applications.
- Claude.dev BlogWhich Claude model should Anthropic use? Fable, Opus, Sonnet, or Haiku?
Anthropic has launched four Claude models for users to choose from: Claude Haiku 5.5, Claude Sonnet 5.5, Claude Opus 5.5, and Claude Fable 5.2.
- ITHome · AIAnthropic plans to launch its IPO roadshow next week, aiming to complete the IPO before Thanksgiving.
Anthropic plans to launch its IPO formal roadshow next week, aiming to list on the US capital markets by November 16 and complete the listing before the Thanksgiving holiday on November 26. The market expects its IPO valuation to be around $1.5 trillion, with a fundraising target of over $80 billion, but recent volatility in tech stocks and investors' concerns about the massive capital expenditures of AI companies may impact the valuation and scale of fundraising.
- 36Kr · AISome investors have downgraded Anthropic's IPO valuation to $1.5 trillion.
Some investors expect Anthropic's valuation to be below $1.5 trillion at the time of its IPO, with some suggesting it could further decline to $1 trillion. The company's target valuation when secretly filing documents with the SEC was $2 trillion. Anthropic refused to comment on this, and the company is expected to launch its roadshow next week.
- Latent SpaceAnthropic IPO: Current Market Dynamics and Valuation Analysis
Anthropic's annual revenue target is 100 billion USD, currently reaching 80 billion USD; the AI market remains sluggish, with the Nasdaq falling 10%, valuation estimates dropping to 1 trillion USD, and the probability of a decline increasing by 18%. The market is overvalued, and any unexpected non-rising event could trigger a downturn.
- TechCrunch · AIGreg Brockman, CEO of OpenAI, said the company might be ready for an IPO in 2027
OpenAI President Greg Brockman says the company may be ready for an IPO by 2027, with its enterprise revenue continuing to grow. He said at the Wall Street Journal Technology Conference that OpenAI is making progress in the enterprise market, although competitor Anthropic's Claude Code has taken the lead.
- 36Kr · AIOpenAI's CEO says most of the company's revenue comes from enterprise business, expecting to be eligible for IPO by 2027
Greg Brockman, CEO of OpenAI, stated that most of the company's current revenue comes from enterprise customers, expecting to be ready for an IPO by 2027, and said that next year preparations for the first public offering (IPO) can be made. Brockman pointed out that OpenAI is accelerating its enterprise business expansion, competing with Anthropic for customers, and promoting the Codex Agent product. Anthropic is expected to go public before the end of this year.
- NewcomerThe latest funding activities of OpenAI and Anthropic show that their development paths have diverged
Investors are comparing the funding trajectories of OpenAI and Anthropic, with the latter pulling away from the former, which is eager to tell a story of revival. Despite challenges in the AI industry, according to investors, Anthropic's IPO is still on track, with its stock having 'limitless demand' among long-term investors, and plans to complete it before Thanksgiving. Anthropic's more favorable stance towards the Democratic Party also helps its case.
- TechCrunch · AIAnthropic still faces economic challenges with its computing costs.
Anthropic's latest earnings report showed the proportion of computing costs rose to 58% of revenue, continuing to expand from 48% in the previous quarter, while revenue reached $17 billion but losses simultaneously increased. The company paid $1 billion in computing fees to SpaceX, Nscale, and others to meet demand, with $500 million in short-term commitments significantly higher than long-term contracts, indicating that computing will likely remain the largest operational expense in the future.
- ITHome · AIAnthropic warns: Claude will soon have recursive self-improvement (RSI) capabilities.
Anthropic warns in the S-1/A prospectus supplement that Claude is about to develop a model with recursive self-improvement (RSI) capabilities, which may soon reach the 'AI-driven explosive technological advancement' defined in the 'Responsible Scaling Policy'. Currently, Claude has not yet crossed the RSI threshold, but the company commits that in the foreseeable future, the R&D process will retain human involvement and consider revising the policy to ensure that the development of cutting-edge models is always under human control.
- 36Kr · AIAnthropic reportedly plans to sell shares to Australian retail investors in its IPO
Anthropic is expected to include a plan to sell shares to Australian retail investors in its IPO prospectus, with CommSec acting as the lead retail broker for the Australian retail offering. Anthropic will not apply for listing on the Australian Securities Exchange.
- ITHome · AIAnthropic employee costs revealed, averaging over 100,000 US dollars per person per month
Anthropic incurs over 100,000 U.S. dollars in costs per employee per month. In the first nine months of 2026, personnel costs totaled 4.8 billion U.S. dollars, with the current quarter's personnel costs reaching 1.7 billion U.S. dollars, including 1.1 billion U.S. dollars in equity incentive expenses.
- Hacker News · 300+Anthropic IPO should be blocked by SEC to protect the public
Anthropic has filed its IPO registration statement, but financial disclosures show commitments of spending close to 900 billion USD, most of which extend to 2030, and revenue growth in 2026 has already stagnated. The company needs to reverse this trend to achieve extraordinary revenue growth to fulfill its obligations, but weak demand, intense competition, and cost pressures will make this extremely difficult. If it goes public, employees, retail investors, and retirees will bear the debt repayment risk of Anthropic.
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