The other artificial intelligence shoe dropped this week, as Anthropic filed for what surely will be the second blockbuster AI initial public offering of stock this year.

Nearly 70,000 words in the filing list a ton of risks, but in short, it’s making unimaginably huge bets on buying computing power, it’s uncertain on how long customers will keep spending on AI in the face of dubious returns — and of course there’s the really-not-unusual “catastrophic or existential risks to humanity.” And as Jason Bloomberg writes, the unmentioned risk is that AI as of today doesn’t have the conomies of scale that made software so lucrative.

But it’s hard to imagine it won’t be crazily successful if and when it happens before Thanksgiving. They’ll join the 70% of Nvidia employees who are millionaires. Shed another tear for anyone looking for affordable housing in the Bay Area — we’re not building our way out of this, no matter what YIMBY folks hope.

One interesting wrinkle: SpaceXAI, the other AI IPO earlier this year, will be hoping Anthropic’s offering is successful, since it’s supplying a large chunk of that compute. Same with other AI partner/rivals such as Google and Microsoft.

And Anthropic isn’t alone in amassing cash to continue buying and building more AI infrastructure. Meta this week said it will issue $95 billion in nonvoting stock to build even more. Few, least of all universal backstop Nvidia, seem to think the AI and data center backlash will dent this investment. But that doesn’t mean everyone will win. As SpaceX CEO Elon Musk said this week, self-servingly but perhaps not wrongly (Gartner agrees), a lot of AI neoclouds are going to go belly-up when the music stops.

Investor worry extends to the big cloud providers too. Despite a continued boom in its cloud business, Google parent Alphabet saw its stock swoon more than 12% Thursday, vaporizing more than $500 billion in market value as it reported a slow quarter for search and ads — perhaps because AI chatbots are siphoning off people’s attention. Microsoft fared better thanks to its resilient application layer on which it can apply AI. But despite strong cloud revenue growth, Amazon stock fell on concerns it could be spending too much on infrastructure.

Seems like investors are just generally skittish. On a tear this year until now, Intel stock plunged more than 20% after its Thursday earnings report, on concerns the PC business is slowing. Fortinet also fell more than 20% following its report that included a slightly lower outlook.

Don’t relax yet. Next week there’s another earningspalooza, including Apple, AMD, Supermicro, Qualcomm, Arm and Palantir.

So an apparent Chinese spy for some time has been hanging around Nvidia CEO Jensen Huang, who evidently didn’t know she was more than a customer executive. Lordy. The New York Times laid out the bones of the U.S. government’s concern, but read it carefully and it sure seems like there are some missing dots throughout. Perhaps this kind of espionage is more common than we know where there’s a nexus of big money and geopolitics, but this may not be the last we hear of it, even if the Trump administration is shrugging.

Oh, and there’s an election next week that might change things… in unpredictable, not necessarily great ways for the economy. Fasten those seatbelts. And vote (but not for the wrong people, thanks).

Here’s all of this week’s enterprise and emerging tech news, analysis and commentary from SiliconANGLE and beyond:

Analysis, opinion and food for thought

The hidden threat in Anthropic’s prospectus: diseconomies of scale

Apollo analysis shows no one besides the biggest tech giants is seeing benefits from AI

Will generative AI do more harm than good? Gary Marcus weighs in and you can guess where he stands. 

A similarly sobering observation: “We are now teaching young people to mistake that same surface fluency for actual understanding.”

What to watch for as enterprises move from AI experimentation to autonomous operations

Snowflake CEO Sridhar Ramaswamy throws some advice, or shade, at Ali Ghodsi, CEO of still-not-public rival Databricks. Ghodsi’s reply is also priceless.

AI and data: The next big AI IPO

Money matters

Anthropic files S-1 paperwork for blockbuster AI IPO

Solink raises more than $100M to pull business data from security cameras with AI

Hex raises $100M to build the ‘agent-native future for analytics’

AI startup Lumaril raises $66M to make factories the best version of themselves

Wabi reels in $55M for its consumer-focused AI assistant

Circuit Mind lands $25M and puts AI agents to work checking circuit board schematics

AI architecture startup Dream launches with $17M in funding

Agent identity startup Mintive lands Cowboy Ventures, Coatue, angels Jeff Dean, Andrej Karpathy (per TechCrunch)

Crux Labs raises over $6M to improve enterprise agents with human judgment

Edge Sound raises $2M to help physical AI make sense of audio

New models and services

Google debuts flagship Gemini 4 Carbon model with cybersecurity upgrades

Google introduces cutting-edge Genie 4 world model

OpenAI launches GPT-6.1 Terra for faster, better-performing AI agents at half the price

Nvidia releases all-in-one adaptable Nemotron 3.5 audio transcription and translation model

Mistral releases open weights for Mistral Large 4, providing sovereign control for the company’s ‘Le Chonk’ AI model

Oracle brings Google’s TPUs to its cloud, adds ChatGPT integrations

SAP advances its autonomous enterprise push with smarter, governed Joule agents

Cloudera expands its AI ecosystem with partnerships and packaged blueprints

Monte Carlo Data launches Bayes, an AI agent for autonomously monitoring and fixing autonomous agents

Exclusive: Prophecy launches DataGPT to run data workflows inside ChatGPT, Claude and Copilot

Exclusive: iMerit launches platform to connect AI developers with specialized domain experts

GitHub debuts Copilot Fusion, a new model selection and orchestration system

Virtana lets its AI agents pull in agents from other vendors to work IT incidents

Jedify formally launches Data Agents for building AI analysts in plain language

Regal debuts Goal Oriented Agents, putting an actor and a director model on every call

Around the enterprise: Alphabet’s big miss

Money matters

Elon Musk predicts neocloud shakeout as credit for AI infrastructure dries up

Meta to sell up to $95B in stock to finance AI infrastructure buildout

Nvidia, AMD to buy $4B in Meta shares as part of expanded chip partnerships

Oracle stock pops 11% as long-term revenue forecast and clarity on financing ease debt concerns

Energy-efficient inference chip developer FuriosaAI raises $620M to solve the data center power bottleneck

Salesforce buys defense firm Rune to grow $5.6B military arm

Serval raises $150M at $3B valuation to bring its automation agents beyond IT

Inference cloud startup General Compute reels in $100M, despite broader AI funding fears

Hyphenate bags $45M in funding to accelerate autonomous financial operations

AI infrastructure platform provider Hyperbolic raises $30M

Reflex raises $15M to help enterprises replace generic third-party software with custom business apps

Earnings

Alphabet’s stock sinks after shocking investors with top- and bottom-line misses

Microsoft’s stock rises on solid earnings and revenue beat, with Azure growing 48%

Despite cloud boom, Amazon’s stock falls on disappointing earnings and revenue miss

Intel shares plummet more than 20% following weak guidance blamed on PC market slowdown

ServiceNow shares drop 18% after mixed earnings results

Samsung confirms record-breaking operating profit on soaring AI memory chip demand

Fortinet plunges 26% after-hours and takes Tenable with it as Gen Digital rises

SK hynix third-quarter profit sharply beats estimates on AI memory boost

NXP Semiconductors profit jumps on automotive, industrial growth

Cadence Design Systems fashions beat-and-raise Q3 earnings report

CommVault earnings beat by 14 cents, revenue topped estimates

PayPal lifts full-year outlook, CEO stresses turnaround plan

F5 dips as fiscal 2027 revenue guidance shows slight deceleration

Seagate stock slides despite earnings beat, adding to slump for AI stock

Robinhood shares fall 4% as crypto slump weighs on profits, offsetting gains in new businesses

Extreme Networks reports 10% revenue growth, projects strong Q2

Twilio drops 18% despite better-than-expected sales

Sandisk revenue nearly quintuples but stock sags

Flex tops Q2 2026 estimates and lifts outlook

Mobileye misses Q3 estimates, knocking down shares

Coinbase returns to profitability while posting another revenue drop

Rivian earnings beat estimates as software revenue, R2 deliveries rise

Policy

Report: Nvidia CEO Jensen Huang was targeted by a Chinese spy

New products and services

Cisco expands AI-driven network management and offers new partner incentives

And a keynote analysis from Zeus Kerravala: Cisco Partner Summit: Five insights that will define the channel in the AI era

Altera unveils Agilex 2X, betting on AI developers to expand programmable computing

Akamai expands its AI Cloud platform with dedicated inference and agent execution environments

Cyber beat: Agents vs. agents

New services

Dell extends cyber resilience to identity, AI environments and quantum-safe storage

Cisco’s Privileged Infrastructure Access ties admin and AI agent privileges to the task

F5 and Oracle plan to bring F5 web app and API protection to Oracle Cloud Infrastructure

Exclusive: FireMon unveils AI agents to handle the legwork behind firewall policy changes

Fortinet extends FortiGate firewalls into AI security and adds new FortiAIGate features And analysis from Zeus Kerravala: Fortinet turns its firewall footprint into an AI security on-ramp

SecurityScorecard benchmark tests AI on third-party risk work and resistance to attack

ProjectDiscovery adds Neo Triage to confirm which vulnerabilities are exploitable

Money matters

Cloud security startup Upwind raises $400M at $3.8B valuation as revenue quadruples

Infisical raises $40M at $600M valuation to secure the AI agent economy

Northstar launches with $7M to give AI agents the context to act on security risks

Attack & response

Cloudflare finds the largest DDoS attacks fell 69% as total attacks rose 208%

Elsewhere in tech: March of the robots

Intel buys quantum software pioneer Classiq for $2.2B

Autonomous excavator startup Bedrock Robotics picks up $600M in funding

ANYbotics begins delivery of legged inspection robot built for explosive atmospheres

Science robotics startup Opentrons raises $40M to standardize laboratory automation

Machenta raises $40M seed round to teach robots new tasks from one demonstration

Google to launch secure multi-party computing service for crypto wallets

Colare raises $2.5M to help firms vet engineering candidates with advanced simulations

Comings and goings

Microsoft offers voluntary buyouts to 60,000 employees amid AI investments

Dropbox is laying off 6% of its staff and parting with Chief Technology Officer Ali Dasdan.

Software runtime firm Harper named longtime Akamai exec Lelah Manz CEO, succeeding co-founder Stephen Goldberg.

Enterprise AI and agent security platform Noma announced former Veza Chief Financial Officer Bobby Shoker as CFO and Alberto Rodrigues, formerly with Oligo Security and Armis, as chief customer officer.

What’s next

Earnings

Monday, Nov. 2: Apple, Palantir, Check Point Software

Tuesday, Nov. 3: AMD, Supermicro, Arista, Block, Digital Ocean, Astera, Dynatrace, Freshworks, Duolingo

Wednesday, Nov. 4: Arm, Qualcomm, Globalfoundries, Kyndryl, Datadog, Uber, Snap, Rapid7, Figma,  Hubspot, Fastly, Amplitude

Thursday, Nov. 5: Cloudflare, Akamai, Atlassian, Dropbox, Netscout, Lyft, JFrog, OpenText, Appian, IonQ, Five9, Expensify

Image: SiliconANGLE/ChatGPT