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Nvidia loses Jensen Huang and its rivals are already moving

Jensen Huang has resigned as Nvidia CEO with immediate effect. The founder's exit knocked the stock hard and handed chip rivals AMD and Google an opening.

Business2 sources

Nvidia loses Jensen Huang and its rivals are already moving

Business2 sources

Congress summons Jensen Huang after his Nvidia exit

Jensen Huang resigned as Nvidia's CEO after affair reports tied to an unproven espionage suspicion. Colette Kress takes over as interim CEO with earnings days away.

Business12 sources

Congress summons Jensen Huang after his Nvidia exit

Business12 sources

Jensen Huang resigns, ending more than three decades at Nvidia

Jensen Huang's 33-year run running Nvidia ended Thursday after revelations of affairs, one with a woman US officials believe was a Chinese intelligence asset. The stock's worst five-day drop since the company went public followed, and Congress wants testimony.

Business59 sources

Jensen Huang resigns, ending more than three decades at Nvidia

Business59 sources

Jensen Huang resigns as Nvidia CEO, leaving Colette Kress as interim

Nvidia founder Jensen Huang resigned with immediate effect, a day after a New York Times report of an affair he has not confirmed. Colette Kress is interim CEO while the board hunts for a permanent successor.

Business4 sources

Jensen Huang resigns as Nvidia CEO, leaving Colette Kress as interim

Business4 sources

Anthropic's CEO promised cures within a decade. Doctors say it can't be done.

Dario Amodei promised investors AI will end cancer and Alzheimer's within a decade. Doctors and drug executives, citing slow trials, say it cannot happen that fast.

Health3 sources

Anthropic's CEO promised cures within a decade. Doctors say it can't be done.

Health3 sources

Nvidia's first emails to staff after Huang's exit back Kress as interim CEO

Jensen Huang has resigned as Nvidia's CEO and board member. CFO Colette Kress takes over on an interim basis while the board searches for a permanent successor, and employees wait six days for a company-wide meeting.

Business2 sources

Nvidia's first emails to staff after Huang's exit back Kress as interim CEO

Business2 sources

Adobe opens its tools to AI agents as Citi warns the bet could cost it revenue

Adobe's agent push at MAX lands days before a new CEO's first earnings report, with Citi warning the strategy pressures subscription revenue.

Business2 sources

Adobe opens its tools to AI agents as Citi warns the bet could cost it revenue

Business2 sources

Anthropic's IPO is a bet that growth outruns $900 billion in spending

Anthropic's IPO this week pairs a first adjusted profit with $900 billion in future spending commitments and a net loss of more than $104 billion under standard accounting rules. The frontier AI lab is expected to price Nov. 18 at $70 to $78 a share.

Business2 sources

Anthropic's IPO is a bet that growth outruns $900 billion in spending

Business2 sources

SoftBank leads $500 million bet on German robot maker Agile Robots

SoftBank has led a $500 million round for Agile Robots at an $8.5 billion valuation, with Nvidia and Hitachi taking part. The Munich firm plans a US push and bigger humanoid output.

Startups6 sources

SoftBank leads $500 million bet on German robot maker Agile Robots

Startups6 sources

Edelbyte Secures $70 Million Funding to Disrupt Data Analytics Platform Market

Tel Aviv-based Edelbyte emerged from stealth with $70 million in funding led by Sequoia and Quiet Capital. Founded by former Microsoft executives who built Azure Data Explorer, the data analytics platform targets Snowflake and Databricks with AI-optimized infrastructure that handles petabyte-scale environments at sub-100ms latency while reducing costs for Fortune 500 customers.

Startups2 sources

Edelbyte Secures $70 Million Funding to Disrupt Data Analytics Platform Market

Startups2 sources

Fractile Secures $720M Series C at $7B Valuation With Memory-First AI Chips for Inference Tasks

London-based Fractile raised $720 million in Series C funding at a $7 billion valuation, backed by Thrive Capital, Founders Fund, and the UK's Sovereign AI Fund. The startup develops custom AI chips with stacked DRAM architecture designed to overcome memory bandwidth bottlenecks and deliver 10x faster inference for agentic AI applications.

Startups7 sources

Fractile Secures $720M Series C at $7B Valuation With Memory-First AI Chips for Inference Tasks

Startups7 sources

OpenAI Revenue Crosses $10 Billion Mark as Operating Losses Expand to $10.9 Billion

OpenAI reported its first quarter with $10 billion in revenue, marking a 50% jump from Q2's $6.7 billion. However, the ChatGPT maker's operating losses widened to $10.9 billion despite improved adjusted operating margins. The disclosure comes as investors scrutinize AI companies finances ahead of Anthropic's $1.4 trillion IPO.

Business7 sources

OpenAI Revenue Crosses $10 Billion Mark as Operating Losses Expand to $10.9 Billion

Business7 sources

Wells Fargo Upgrades US AI Infrastructure Outlook After Semiconductor Stocks Plunge 38%

Wells Fargo upgraded US AI infrastructure companies to neutral from negative following a sharp semiconductor selloff. The brokerage cited improved valuations after chip stocks fell 38% from June highs, though it warned that slowing AI investment and rising depreciation costs could pressure earnings by 2028.

Business2 sources

Wells Fargo Upgrades US AI Infrastructure Outlook After Semiconductor Stocks Plunge 38%

Business2 sources

Path Robotics Secures $300M Series E Funding, Valuation Soars to $2.45B on AI Welding Demand

Path Robotics raised $300 million in Series E funding at a $2.45 billion valuation, nearly quadrupling its worth. The Ohio-based industrial automation startup builds AI software for welding robots and plans to expand into defense and energy infrastructure while deploying 50 preordered robotic welding dogs to shipyards next year.

Startups3 sources

Path Robotics Secures $300M Series E Funding, Valuation Soars to $2.45B on AI Welding Demand

Startups3 sources

Mercor Doubles Valuation to $20bn as AI Agent Training Shifts to Enterprise

San Francisco-based Mercor raised $750 million at a $20 billion valuation, doubling from $10 billion in October 2025. The AI training startup connects over 5 million subject-matter experts with companies to train and evaluate AI models and agents, now expanding from frontier labs to enterprises.

Startups6 sources

Mercor Doubles Valuation to $20bn as AI Agent Training Shifts to Enterprise

Startups6 sources

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