What is an AI company worth before it makes a profit?
OpenAI and Anthropic put prices on their growth, NVIDIA's board opens an inquiry, Claude links bank accounts and Uber counts rides booked by agents.
This edition looks at two ways investors put a price on an AI company, and at what agents actually do when the task is as familiar as reading a bank statement or ordering a ride.
OpenAI and Anthropic put a price on growth
Reuters reported that OpenAI had raised $11 billion in the first part of a round valuing it at $1.25 trillion, citing a person familiar with the deal. In a 10 November filing, Anthropic proposed an IPO range of $70–78 a share. Reuters via MarketScreener · Anthropic's filing with the SEC
Why it matters. A valuation is the price investors put on the business as a whole. Revenue measures what it earns from sales, and profit measures what remains after expenses.
NVIDIA's board opens an independent inquiry
On 8 November, NVIDIA's board announced an independent inquiry after press reports said its then-CEO, Jensen Huang, had been targeted by a foreign intelligence effort. At the time, the board said it had no reason to believe that US national security or NVIDIA secrets had been compromised. On 10 November, the independent directors confirmed they had hired outside counsel to conduct the inquiry. NVIDIA board statement, 8 November · Independent directors' statement, 10 November
Why it matters. As of 11 November, the board had announced the inquiry and who would conduct it. Its findings were still pending.
Update, 12 November. NVIDIA announced that Huang had resigned as CEO and that CFO Colette Kress had been appointed interim CEO. NVIDIA's leadership announcement
Claude connects to bank and card accounts
Anthropic announced a US beta for Claude Pro, Max and Ultra subscribers. They could connect accounts through Plaid and ask about balances and spending. Access is read-only. Claude can answer questions from connected account data and cannot move or invest the money. Anthropic's Personal Finance announcement
Why it matters. Before connecting an account, check what data the service reads and how to disconnect it.
Four agent-booked Uber rides
On Uber's 4 November earnings call, the company said third-party AI agents booked four rides and about 500 Uber Eats orders in Halloween week. Its CEO put the time to request a ride in the app at about 50 seconds. Uber earnings call transcript via Benzinga
Why it matters. For a task that's already quick, check how much time an agent actually saves after you give it the details and confirm the result.
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