AI news · 12 November 2026
Nvidia shares slide as board weighs CEO Jensen Huang's future
Nvidia's stock fell sharply after Jensen Huang acknowledged an affair with a business executive reported to have been recruited by a Chinese intelligence service. Lawmakers called for his resignation and the board met to decide his future.
Anthropic sets IPO price range, targeting valuation of up to $1.4 trillion
Anthropic set a $70–$78 share price range for a Nasdaq IPO of 825 million shares, with pricing expected November 18 and trading November 19. The offering could raise up to about $64 billion.
OpenAI's quarterly revenue reportedly tops $10 billion for the first time
Bloomberg reported that OpenAI's third-quarter revenue passed $10 billion, with an annualized run rate of $50 billion. The company says it has over one billion users.
UK AI chip startup Fractile raises $720 million
British startup Fractile has raised a $720 million Series C for its AI chips, backed by Britain's Sovereign AI Fund. Its CEO says the funding will let it ship its first chips and systems next year.
CoreWeave turns to prepayments and short-term deals to fund AI growth
CoreWeave said in its third-quarter results that it is relying more on customer prepayments, loans tied to specific contracts and shorter-term deals. It reported $3.66 billion in revenue and a $709 million net loss.