Bloomberg Businessweek

Nvidia Chief Executive Officer Jensen Huang, the preeminent face of the AI infrastructure boom, was ousted from his post after reports of two affairs, including with one woman who is suspected of spying for China.

Chief Financial Officer Colette Kress was named interim CEO. The board, which has never had a chair before, appointed Harvey Jones, 73, to the role. Jones, who has been on the board for years, formerly led Synopsys Inc., a company that Nvidia last year took a $2 billion stake in.

For instant reaction and analysis, Bloomberg Surveillance co-hosts Tom Keene and Paul Sweeney speak with Mandeep Singh, Bloomberg Intelligence global head of technology research and Anurag Rana, Bloomberg Intelligence senior analyst.
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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF
Take-Two Interactive Software Inc. Chief Executive Officer Strauss Zelnick left 20th Century Fox to join the video-game industry, becoming the pre-revenue CEO of Crystal Dynamics in 1993. Since an investor group led by Zelnick took control of Take-Two in March 2007, the shares have soared 12-fold. That’s thanks to successful game franchises like BioShock, Red Dead Redemption and Borderlands. The biggest of them all is set to launch on Nov. 19 when Take-Two’s Rockstar Games unit releases Grand Theft Auto VI, the latest iteration of the modern-day gangster title. Bloomberg News Media and Entertainment Team Lead Chris Palmeri discusses the games past and expected successes.
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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF

A gauge for emerging-market stocks rose for a third day, led by Asian chipmakers, as strong CoreWeave sales and signs of demand for Anthropic’s planned IPO fueled optimism over AI spending. CoreWeave shares gain as much as 18%, in biggest jump since August, after the cloud-computing provider boosts its annual revenue forecast. Analysts said the results ease worries about the company’s financing, although concerns remain.

On today’s episode:
Brody Ford, Bloomberg News Tech Reporter
Bailey Lipschultz, Bloomberg News Senior IPO Reporter
Jenny Rooke, Genoa Ventures Founder & Managing Director
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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF
Carol and Tim speak with Toby Rice, president and CEO of EQT about how US natural gas drillers are scaling up to meet rising energy demands from AI and how the outlook for the natural gas industry looks in the aftermath of midterm elections.
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The people, companies and trends shaping the global economy. Watch Carol and Tim LIVE every day on YouTube: http://bit.ly/3vTiACF

Anthropic is seeking a valuation of about $1.4 trillion in its initial public offering, a bid to make history as the first frontier artificial intelligence lab to go public. The Claude chatbot maker and its co-founders are looking to raise as much as $90.4 billion in the IPO and a private placement. The base offering would raise up to $64.4 billion, with shares marketed for $70 to $78 each, according to a filing on Tuesday with the US Securities and Exchange Commission. Anthropic is offering 801.4 million shares, while backers are selling 23.6 million shares.

On today’s episode:
Anthony Hughes, Bloomberg News Equity Capital Market Reporter
Matthew Luzzetti, Chief US Economist, Deutsche Bank
Dave Lee, Bloomberg Opinion Columnist
Melissa Smith, President & CEO, Wex
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