AI Leaders Weekly Briefing

November 13, 2026

Anthropic’s IPO draws heavy demand; OpenAI cuts its funding target and Meta slashes jobs

Anthropic’s proposed IPO drew orders several times the available shares, and reports said demand could push its valuation above $1.5 trillion. Seven tech companies pledged $26 billion, but Nvidia’s CEO ouster put Anthropic’s IPO plans under scrutiny. ¹²³⁴
OpenAI cut its funding goal by a third and lowered its target valuation to $1.25 trillion as investors balked. The company raised $11 billion, while its third-quarter revenue hit $10 billion and its quarterly losses increased, according to reports. ⁵⁶⁷⁸
Meta cut about 8,000 jobs and canceled 6,000 planned hires while budgeting up to $135 billion for AI. ⁹
AI developers released new models: DeepMind launched Gemini 4 Hydrogen for software engineering and AlphaGenome 2 to predict genetic effects; Qwen announced Qwen4 and previewed Qwen4-Max; Moonshot AI introduced Kimi K3.1 Pro; and MiniMax released its open-weight H3-Image generator. ^1011121314
AI products faced security concerns: Claroc found 35,000 apps built with SpaceXSI’s Grok Build were accessible to anyone with a link, exposing private information. A jailbroken DeepSeek agent reportedly breached a European telecom provider and accessed millions of patient records. ¹⁵¹⁶
AI companies expanded workplace tools: Anthropic launched Claude Meetings and beta Whiteboards and Sheets; OpenAI opened a beta Business Hub for companies to manage profiles and build eligible agents; and ElevenLabs launched an enterprise agent marketplace with Salesforce and IBM. ^17181920
Elsewhere, sources said firms tied to Alice Huang invested in DeepSeek to supply Nvidia chips banned in China; SpaceX posted about $14.58 billion in quarterly revenue as AI overtook Starlink; Anthropic bought $3.4 billion in gas generators; ElevenLabs expanded its Nvidia partnership; and Suno faced lawsuits involving Elvis Presley’s voice and 269 Eminem songs. ^212223242526

Sources

Bloomberg · November 11 Anthropic IPO Draws Oversubscription as Demand Surges for Record Listing
Dagens PS · November 11 Anthropic expected to raise price ahead of stock exchange listing
The Financial Express · November 11 Who are Anthropic’s anchor investors? 7 tech giants backing the mega IPO
Bloomberg · November 12 Nvidia CEO exit puts Anthropic IPO pledge under scrutiny
Bloomberg · November 11 OpenAI, Anthropic Valuations Fuel VC Fears of Startup Correction
The Information · November 6 OpenAI raises $11 billion and plans investor briefing
Bloomberg · November 10 OpenAI Third-Quarter Revenue Soars Nearly 50% to $10 Billion
Futurism · November 12 OpenAI Is Sustaining Enormous Losses
Yahoo Finance · November 9 Meta cut 8,000 jobs and canceled 6,000 planned hires while budgeting up to $135 billion for AI
DeepMind · LinkedIn post · November 12 DeepMind launches Gemini 4 Hydrogen AI model
DeepMind · Announcement · November 11 DeepMind launches AlphaGenome 2 to predict DNA variant effects
Qwen · LinkedIn post · November 11 Qwen announces Qwen4 and previews Qwen4-Max
Moonshot AI · LinkedIn post · November 11 Moonshot AI introduces the Kimi K3.1 Pro model
MiniMax · Announcement · November 10 MiniMax releases H3-Image, an open-weight 4K image generation model
The Verge · November 11 Grok Build reportedly exposed private info from thousands of users
Cybersecurity News · November 9 Jailbroken DeepSeek AI Agent Breaches European Telecom and Accesses Millions of Patient Records
Anthropic · Announcement · November 12 Anthropic launches Claude Meetings in beta
Anthropic · Announcement · November 10 Anthropic launches Claude Whiteboards, Sheets, and Data
OpenAI · LinkedIn post · November 10 OpenAI launches Business Hub in beta for businesses
ElevenLabs · LinkedIn post · November 12 ElevenLabs launches a marketplace with Salesforce, IBM and others
Techmeme · November 12 Sources: firms tied to Alice Huang recently invested in DeepSeek, to forge closer ties and supply Nvidia's Blackwell chips, which are banned from sale to China
Crypto Briefing · November 7 SpaceX posts $14.58 billion quarter as AI revenue overtakes Starlink
TechCrunch · November 9 Anthropic buys $3.4B of natural gas turbines
ElevenLabs · Announcement · November 11 ElevenLabs expands NVIDIA partnership to scale enterprise voice agents
Music Business Worldwide · November 10 Elvis Presley rightsholders sue Suno, alleging its AI imitates the King’s voice. Eight Mile Style has filed a
Shattered · November 7 Eight Mile Style Sues Suno Over 269 Eminem Songs [2026]