The artificial intelligence industry had a busy week of its own, separate from the turmoil at Nvidia. Anthropic, the AI company behind the Claude family of models, launched the roadshow for its initial public offering this week, ahead of a planned listing around November 18. The timing puts the IPO just days after Nvidia's leadership shakeup, a juxtaposition that market watchers say tests investor confidence in AI companies more broadly at a sensitive moment.
Google released a new version of its Gemini model, referred to as Gemini 4 Hydrogen, continuing the rapid pace of model releases among major AI labs. OpenAI, meanwhile, reportedly reached about 10 billion dollars in quarterly revenue, even as the company continues to post heavy losses, reflecting the industry-wide pattern of fast revenue growth alongside large spending on computing infrastructure and research.
SpaceX disclosed plans for roughly 74 billion dollars in new AI-focused data center campuses, underscoring how companies well outside the traditional software industry are now investing heavily in AI infrastructure. Chip company Cerebras, viewed by some investors as a beneficiary of questions around Nvidia's governance, raised its 2026 revenue guidance to between 940 million and 960 million dollars and said it expects revenue to roughly triple in 2027 on the strength of a backlog of about 26 billion dollars in orders.
Not every development was about growth. A group of nonprofits filed a lawsuit this week seeking to halt development at five AI companies, citing the labs' own public statements about the potential for extreme risks from advanced AI systems. The suit adds to a growing body of legal and regulatory questions facing the industry as it scales rapidly.
Anthropic's IPO, expected around November 18, will be an early test of public market appetite for AI companies following the disruption at Nvidia.
When is Anthropic's IPO expected?
Anthropic launched its IPO roadshow this week ahead of a planned listing around November 18, 2026.
Is AI spending slowing down?
No, spending appears to be accelerating, with SpaceX, Google, OpenAI, and chip companies like Cerebras all announcing major investments or revenue growth this week.