The Omniscient Bulletin · November 11, 2026
Anthropic sets its IPO range as the Huang affair reaches the Commerce Department
Anthropic's filed range, backed by a $26 billion placement from its own chip and cloud suppliers, makes the listing, which sources told CNBC will price on Nov. 18, a test of how far the AI supply chain will fund its biggest customers. The Huang affair has moved past Nvidia's boardroom, from chips that reached China to a classified warning sent to the agency that licenses its exports. Elsewhere, Brussels set common rules for the AI Act's regulatory sandboxes, and Washington described talks with China on testing models before release.
Industry
Anthropic set a range of $70 to $78 a share for its IPO, and seven companies including Nvidia and Google agreed to buy $26 billion of stock alongside it
Anthropic will offer 825 million shares at $70 to $78 each in its IPO and list on the Nasdaq as ANT, according to an updated filing on Tuesday. At the top of the range it would net up to $64.35 billion and be valued at up to $1.405 trillion fully diluted, up from $965 billion in its May round. AMD, Broadcom, Google, Micron, Microsoft, Nvidia and TSMC agreed to buy $26 billion of a separate class of stock at the IPO price. People familiar with the plans told CNBC it will price on Nov. 18.
Industry
Jensen Huang's ties to a suspected Chinese spy helped move at least $7.5 billion of Nvidia chips to Chinese firms, The Information reports, and Nvidia shares fell again
Jensen Huang's relationship with Alice Huang, alleged to be a spy for Beijing, helped facilitate shipments of at least $7.5 billion of Nvidia chips to Chinese firms, The Information reported. It says she used ties to Nvidia and its distributors to move about 240,000 H100, H200 and some A100 chips into China through a network centered on Shanghai Century Litong, whose data centers ran some chips barred from sale there. Reuters, which could not verify the report, said Nvidia fell more than 6% early Tuesday after a 4.3% drop Monday, letting Microsoft pass it as the second-most valuable company.
Policy
Commerce chief Howard Lutnick was sent a classified memo about Jensen Huang's relationship with a suspected Chinese spy before his agency approved some Nvidia chip sales tied to China, Axios reports
Commerce Secretary Howard Lutnick was sent a highly classified memo on Jensen Huang's relationship with Alice Huang, whom US officials suspect of spying for China, before his agency signed off on Nvidia chip sales tied to China, Axios reported. The New York Times says Secretary of State Marco Rubio oversaw the memo, which drew on a chip-smuggling probe into her company, Megaspeed. Commerce approved about 10 Chinese companies to buy H200 chips; some approvals came before the warning.
Agents
Anthropic launched Claude Meetings, which joins video calls and starts work while people are still talking, along with Claude Whiteboards and Claude Sheets
Anthropic launched Claude Meetings, which brings Claude into a video call as a named attendee that drafts the plan being discussed and pulls information from connected work apps while people talk. It is in beta on Team and Enterprise plans, works with Google Meet at launch and leaves if an external guest joins. Anthropic also unveiled Claude Whiteboards and Claude Sheets and made Claude Data, formerly Claude Dashboards, generally available, as it and OpenAI compete to take on Microsoft and Google in office software.
Compute
CoreWeave's third-quarter revenue rose 168% to $3.66 billion and its backlog reached $132.5 billion, though its stock has lost over 40% in a month
CoreWeave's third-quarter revenue rose 168% to $3.66 billion, ahead of the $3.55 billion analysts expected, and its net loss widened to $709 million from $110 million. Its revenue backlog reached $132.5 billion, up from $104 billion in June, and it raised its 2026 revenue forecast to $13 billion to $13.3 billion. The stock has lost over 40% in the past month as rising interest rates push lenders away, and some of its bond yields recently topped 16%. It expects client prepayments and hardware partners to fund most of its 2027 needs.
Policy
The European Commission set common rules for the AI regulatory sandboxes the AI Act requires every EU country to run, with free entry for small companies in most cases
The European Commission adopted rules for the AI regulatory sandboxes the AI Act requires each member state to run, covering how they are set up, how participants are chosen and how long projects last. Taking part is free for small and medium-sized companies, including start-ups, unless exceptional costs arise. Leaving a sandbox does not create a presumption that a system complies with the AI Act, but market surveillance authorities should take exit reports positively into account. The rules take effect 20 days after publication in the Official Journal.
Policy
Treasury Secretary Scott Bessent said the US has begun a dialogue with China on advanced AI risks and expects to share practices for testing models before release
Treasury Secretary Scott Bessent said the US, at President Trump's direction, has begun a dialogue with China on what the administration calls SI, or super intelligence, to guard against shared risks. He said the two sides expect to exchange best practices for testing advanced models before release, and that the US is setting up a direct channel so either country can flag serious incidents involving its models. He spoke before joining Trump in Shenzhen next week, adding that the US harbors no illusions about its differences with China.