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Monday 19 October 2026 Top stories today: - Anthropic commits 5% of shares to “Public Benefit Fund” - Sam Altman’s World launches World ID suite for banks - Nscale faces pushback on ~$30B IPO valuation as Microsoft exits deal - Intel unveils D-series data center GPUs with up to 480GB memory - DeepSeek updates V4.1-Flash with faster task completion 0. Data & Calendar All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT). All times are ET. 1. Anthropic commits 5% of shares to “Public Benefit Fund”, ~20% including founder, staff pledges The announcement comes ahead of Anthropic’s planned IPO, which could value it at ~$1.5T: - Up to another 2% for every 50% rise in Anthropic’s valuation above a set baseline, subject to board approval. - Subject to shareholder approval, the fund will be a wholly owned LLC, not a nonprofit. - The fund’s equity will not be used for lobbying or political donations in the U.S. or abroad, Anthropic said. - The fund aims to advance Anthropic’s mission in “new ways,” including addressing “labor market impacts.” Granola, the AI notepad for people with back-to-back meetings, now captures what's shared on screen too. With Snapshots, the decks, charts and docs from your calls go straight into your notes. Ask Granola about last week's roadmap review and the slides come back with the answer. Download Granola and try it in your next meeting. 1 month off any paid plan with code BAYAREATIMES. *Sponsored. 3. Sam Altman’s World launches World ID suite for banks to verify humans, AI agents - Bain Capital and VanEck Funds are among the design partners. - The participating banks were not disclosed. Framer is the AI website builder for teams that care about every detail. Agents work directly in the canvas, helping design pages, manage CMS content, write copy, add SEO, and audit sites. Build faster: Create, refine, and publish production-ready pages in minutes. Scale confidently: Manage content, localization, and metadata across your site. Stay in control: Review every change, collaborate in real time, and publish when ready. Trusted by teams at Miro and Perplexity *Sponsored. 5. Nscale said to face pushback on ~$30B IPO valuation as Microsoft exits UK deal Some investors are pushing for a $16B-$19B valuation: Neoclouds are facing a downturn, with shares of CoreWeave and its smaller rivals ~-20% - Only 7–10 of hundreds of neoclouds are expected to survive, as NVIDIA backs them with easier credit, site selection help, and $20B in leases, industry executives said. Get the chance to peek inside founders and leaders’ brains and see how they think about going from zero to 1 and beyond. Join thousands of weekly readers at Google, OpenAI, Stripe, TikTok, Sequoia, and more. Check all the tools and more here, and outperform the competition. *Sponsored. 7. Intel unveils D-series data center GPUs with up to 480GB memory for AI inference - The GPUs feature LPDDR5X memory instead of GDDR7. - Up to 300B-parameter LLMs are supported by a single card, while an eight-GPU system handles models exceeding 1T parameters, Intel said. - Demanding AI inference workloads are the focus of the new GPUs.
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