Yahoo Finance · Wed 11 Nov

Wednesday 11 November

Anthropic's new Claude product drop just sent a message to these 3 tech stocks

AI-generated summary Anthropic released several new features late Tuesday, including Claude Whiteboards and Claude Sheets in beta, alongside general availability for Claude Data. KeyBanc analyst Jackson Ader pointed out that the release could impact Monday.com, Asana, and Zoom more quickly than Microsoft.

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Earlier: Anthropic touts Claude’s chip design skills to investors ahead of IPO, report says By Investing.com · Anthropic's new Claude Fable and Mythos models deliver momentum ahead of IPO

Hugging Face cofounder: Open-weight AI models were ‘our savior’

AI-generated summary Hugging Face cofounder Thomas Wolf says that when OpenAI research models attacked the site over the summer, the company relied on an open-weight model from Z.ai to defend itself. Wolf states that closed models from OpenAI and Anthropic could not be used to analyze the hacking data because their built-in guardrails prevented it.

Wall Street is cooling on Jensen Huang's Nvidia — but history says don't give up on the stock just yet

AI-generated summary Nvidia shares dropped 25 percent and faced rating changes and price target reductions from several major banks. Despite the recent declines and target cuts, a large majority of analysts still rate the stock a Buy.

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Earlier: Wall Street is unbothered by Nvidia’s Jensen Huang scandal · Nvidia is about 6% of the S&P 500. If Jensen Huang is ousted, there’s no clear successor — could chaos hit portfolios? · Who Could Replace Jensen Huang? Nvidia Has No Formal Plan But 6 Possible Successors

Google TPUs could gain share from Nvidia turmoil, Bloomberg Intelligence says, eyeing $50B

AI-generated summary Bloomberg Intelligence reports that Google tensor processing units could capture market share if turmoil involving Nvidia encourages customers to diversify their spending. The research firm projects that Google TPU sales could increase to more than 50 billion dollars in 2027 amid the leadership uncertainty.

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Earlier: Google Escalates Nvidia Rivalry With New Versions of Its TPU Systems

Billionaire venture capitalist Vinod Khosla says judge AI by usage, not stock prices

AI-generated summary Billionaire venture capitalist Vinod Khosla says people should evaluate artificial intelligence by actual usage rather than by stock prices while OpenAI chief financial officer Sarah Friar stated that a price cut on the Luna model led to a tenfold increase in use. Goldman Sachs reported that combined free cash flow for Amazon, Alphabet, Meta, Microsoft, and Oracle fell to about minus 31 billion dollars in the third quarter as John Chambers expects major train wrecks because the rising tide does not raise all boats.

Nasdaq futures drop 0.8% as WSJ says Nvidia board is preparing to oust CEO Huang

AI-generated summary US equity index futures fell after The Wall Street Journal reported that Nvidia board members are preparing to oust chief executive Jensen Huang. Nvidia shares dropped around 4.5% in after-hours trading following the reports about Huang and his relationships.

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United Airlines Bars Unauthorized AI Agents From Booking Travel

AI-generated summary United Airlines announced a policy barring unauthorized third-party artificial intelligence agents from booking or servicing travel through its platforms. United says sharing account credentials with personal assistants creates security and privacy risks and can violate federal regulations.

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CoreWeave turns to customer prepayments, shorter contracts to fund AI growth

AI-generated summary CoreWeave reported $3.66 billion in revenue alongside a $709 million net loss during its third-quarter earnings report. CoreWeave says it is using customer prepayments and shorter contracts to fund its artificial intelligence growth instead of the unsecured debt market.

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Earlier: CoreWeave earnings put debt-fueled AI build-out under scrutiny

Trump Officials Clashed Over Firm at Heart of Nvidia Affair

AI-generated summary Treasury Secretary Scott Bessent confronted Commerce Secretary Howard Lutnick regarding a Singaporean firm central to revelations about Chinese spying on Nvidia and questioned why sales of advanced artificial intelligence chips had not been banned. The internal debate intensified following acknowledgments by Nvidia chief executive Jensen Huang regarding an affair with a woman identified by intelligence as a Chinese spy who helped lead the data center company Megaspeed.

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CoreWeave shares jump 20% after strong earnings as Anthropic's planned IPO draws massive demand

AI-generated summary CoreWeave saw its shares jump 20 percent on Wednesday following an earnings report that beat estimates and raised its annual guidance. Anthropic filed an amended registration statement with the Securities and Exchange Commission for an upcoming initial public offering.

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Earlier: CoreWeave Has a Sentiment Problem Even Strong Earnings Can’t Fix

Anthropic says AI is eroding Nvidia's CUDA lead, cutting an AMD chip switch from months to three days

AI-generated summary Anthropic stated in an investor presentation that its multi-chip strategy and the use of AI reduced the time required to switch to AMD chips from months to three days. Anthropic reported that the process involved porting its Claude model to AMD GPUs with almost no human intervention and nearly 100 percent of kernels written by the model itself.

Also covered by Yahoo Finance Wccftech

Why Nvidia's alleged Chinese spy scandal is going to confuse markets — and the government

AI-generated summary Nvidia CEO Jensen Huang disclosed an affair following reports of a relationship with Alice Huang, whom US intelligence officials believe worked for China's Ministry of State Security, and Nvidia's board has started an investigation. Wedbush analyst Matt Bryson wrote that Jensen Huang will lose some power and credibility in advocating for AI and Nvidia with US government representatives, while Veda Partners analysts stated that the likelihood of passage for several legislative acts has increased.

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Earlier: Nvidia faces a more hostile Washington · Nvidia Faces Congressional Scrutiny Over AI Chip Sales, Export Controls

(News Focus) Jensen Huang scandal casts uncertainty over S. Korea's deepening AI ties with Nvidia

AI-generated summary A scandal involving Nvidia CEO Jensen Huang has introduced uncertainty surrounding South Korea's artificial intelligence ties with the company. Nvidia officials declined to comment on whether a U.S. congressional investigation could impact the delivery of 260,000 graphic processing units pledged to South Korea.

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