Artificial Intelligence

• Anthropic reportedly preparing for one of the largest IPOs ever in race with OpenAI: FT - Anthropic, the AI startup behind the popular Claude chatbot, is reportedly in talks to launch one of the largest initial public offerings ever as 2025.
• SoftBank’s Son ‘was crying’ about the firm's need to sell its Nvidia stake - SoftBank Group founder Masayoshi Son has downplayed his firm's decision to dump its Nvidia position, saying he "was crying" to sell the shares. 
• A 'seismic' Nvidia shift, AI chip shortages and how it's threatening to hike gadget prices - The AI infrastructure buildout is creating shortages of components including various types of chips that are also used in consumer electronics.
• Silicon Valley’s Man in the White House Is Benefiting Himself and His Friends - David Sacks, the Trump administration’s A.I. and crypto czar, has helped formulate policies that aid his Silicon Valley friends and many of his own tech investments.
• U.S. Black Friday Sales Defy Tariffs and Economic Woes - Data on spending this week shows that consumers are shopping big for the holidays despite inflation and economic worries.