AI Daily brief · 2026-11-8 · SundayAI Daily
NEXGATEHUB AI NEWS
METR: Anthropic's AI R&D acceleration reaches twice last year's pace, public version heavily redacted
METR released a report after an 11-week evaluation, saying Anthropic's AI model is improving about twice as fast as a year ago, and most of the acceleration comes from AI itself rather than simply scaling compute, but the public version was heavily redacted. Capital markets are equally buzzing: OpenAI raised $11 billion in new funding at a $1.25 trillion valuation, and Anthropic plans an IPO before Thanksgiving to raise $80–100 billion. Meanwhile, reports say the US approved the sale of Nvidia H200 chips to suspected Chinese shell companies.
AI Stocks and Company Earnings
The DecoderAnthropic pushes ahead with pre-Thanksgiving IPO despite tech selloff, accepts lower valuation
Anthropic plans to go public before Thanksgiving, aiming to raise $80-100 billion at a valuation range of $1.25-1.75 trillion — above its current $965 billion but below the $2 trillion investors had hoped for. According to investors cited by the Financial Times, its annualized revenue is about $81 billion, up from roughly $65 billion in late July. Amid a tech stock selloff, OpenAI has also cut its funding target from $1.4 trillion to $1.25 trillion.
Industry Updates
The Verge · AIWhy a new report on Anthropic automating AI development is alarming researchers
METR released a report after an 11-week evaluation of Anthropic, saying its AI models are improving about twice as fast as a year ago, achieving roughly two years' worth of historical progress in the past year, and that as of October most of the acceleration came from AI rather than simply scaling compute.
The Verge · AIThe US let Nvidia sell chips to an empty office in China
According to The New York Times, New Matrix appears on the list of Chinese companies approved to buy Nvidia H200 AI chips. The company was incorporated only 17 months ago, has no record in the building directory or with property management at its registered address, its office is a shell, and its owner is linked to a Chinese private equity firm blacklisted by the US since 2024.
The Verge · AIOpenAI valued at $1.25 trillion, as rival Anthropic nears its IPO
OpenAI has raised $11 billion in a new funding round at a $1.25 trillion valuation, after raising $122 billion at an $852 billion valuation in March this year. Bloomberg reports it is still pursuing additional investment that could bring the total to $20 billion; it had earlier hoped to raise $30 billion at a $1.4 trillion valuation, but fell short due to declining tech stocks and public sentiment after the midterm elections.