Anthropic sets its range; $70 to $78 a share

Five things to know

1. Must readAnthropic sets its IPO price rangeIts amended S-1 sets $70 to $78 a share for 825 million Class A shares on Nasdaq as ANT, and seven chip and cloud companies agreed to buy $26.0B of Class N stock at the IPO price if the IPO closes. The registration isn’t yet effective.#
2. Must readNvidia falls 5.53% as its investigation takes shapeIt fell on the day October CPI rose 0.4%. Its independent directors reportedly hired Wachtell Lipton and a former acting US attorney; the board hasn’t named the committee or a timeline.#
3. Must readGoogle makes Gemini 4 Carbon generally available$2 / $10 per million tokens through 11.30, then $4 / $20, per Cursor’s model page. Whether it’s the cheaper job depends on the comparison.#
4. Know itTwo AI inference providers report breachesNEAR AI says an attacker used a remote code execution flaw in SGLang; Fireworks AI’s updated account, per press, says secrets, datasets and incomplete model weights were accessed for a limited set of accounts.#
5. ScanBright spot: AI agents check Signal’s cryptographyGoogle DeepMind says agents verified Signal’s core cryptographic code in Lean in four weeks.#

Decoder

Today’s terms: concurrent private placement, formal verification, inference provider.

Bright spot

DeepMind says AI agents verified the core cryptographic code of the Signal protocol with machine-checked proofs, and that two reinserted bugs each produced a proof of insecurity. It’s DeepMind’s own result.

Sandbox: AI in Practice

In one prospective test inside six evidence reviews, a model’s first pass plus a person checking every item matched human-only data extraction on accuracy and saved a median of 41 minutes per study.