Business Insider · Tue 10 Nov

Tuesday 10 November

Michael Burry Sees Nvidia Becoming ‘A Heck Of A Trade’ — Reveals His 2 Biggest Bets And Where He’s Buying More

AI-generated summary Michael Burry stated that Nvidia could soon become a noteworthy trade while anticipating that its competitive advantage will shrink over the next five years. Burry also revealed his latest portfolio commentary, highlighting his largest positions and recent additions involving companies such as MercadoLibre, Adobe, and JD.com.

Also covered by Business Insider

Anthropic has budgeted $41.5 million in legal fees for its IPO

AI-generated summary Anthropic expects to spend $41.5 million on legal fees for its initial public offering according to paperwork filed for its stock market debut. The company also disclosed costs tied to underwriting and a road show while reshuffling its legal team ahead of the market debut.

Also covered by news.bloomberglaw.com The San Francisco Standard Crunchbase News
+1 moreFortune

Anthropic launches roadshow for proposed initial public offering

Anthropic logo

AI-generated summary Anthropic announced the start of the roadshow for its proposed initial public offering of Class A common stock. The proposed offering includes 825,000,000 shares with an expected price between $70.00 and $78.00 per share.

Also covered by The Decoder Financial Times Decrypt The Verge The Hill The Independent Cautious Optimism the Guardian Mashable Business Insider
+1 moreSiliconANGLE
Earlier: Anthropic IPO meets AI backlash after midterms show stinging rebuke of data centers

Almost nobody uses AI agents to order food or rides on apps like Uber

AI-generated summary Uber and DoorDash reported receiving only hundreds of orders through AI agents during recent earnings calls. CFO Balaji Krishnamurthy stated that Uber recorded about 500 Uber Eats orders and four ride-hailing trips from AI agents during one of its largest weeks.

Also covered by Bloomberg Fortune TechSpot
Earlier: Uber only fulfilled 4 rides from AI agents last quarter