Reports that Nvidia's board is preparing to remove CEO Jensen Huang have shaken Korea's AI alliance, worth some 680 trillion won, while Anthropic's IPO was oversubscribed and TSMC invested $1 billion. We also cover OpenAI passing $10 billion in quarterly revenue, Google's decision-focused AI and genomics model, and United Airlines blocking AI agents from booking flights.
🤖 Nvidia Board Prepares to Remove CEO Jensen Huang… Korea's AI Alliance Rocked
According to a Wall Street Journal report, Nvidia's board is preparing to remove CEO Jensen Huang, and the stock has fallen about 11% in five days. Large-scale partnerships between Korean companies — SK, Samsung, Naver, LG, and Hyundai Motor — and Nvidia total at least $510 billion (about 680 trillion won). SK Group signed a letter of intent for AI infrastructure and next-generation memory cooperation worth more than $500 billion, and Nvidia acquired a 4.13% stake in Naver for $1 billion, becoming its third-largest shareholder. With LG's robot partnership, Hyundai Motor's autonomous driving, and Samsung's HBM supply also intertwined, the Korean industry is on edge.
📈 Anthropic IPO Oversubscribed… TSMC Invests up to $1 Billion in Anthropic and OpenAI
According to Bloomberg, Anthropic's initial public offering was oversubscribed, with demand more than twice the shares on offer. Combined, the IPO and private placement could raise up to $90.4 billion, pushing the valuation close to $1.4 trillion. TSMC's board also approved investing up to $1 billion in Anthropic and OpenAI. Anthropic additionally added about $10 billion in Microsoft and Google Cloud commitments through 2033.
💰 OpenAI's Quarterly Revenue Passes $10 Billion for the First Time
According to TechCrunch, OpenAI's Q3 2026 revenue was about $10 billion, up roughly 50% from $6.7 billion in Q2. Enterprise products and agents drove the growth, with annualized revenue at about the $50 billion level. That is below Anthropic's $81 billion, though the two companies count revenue differently, making a direct comparison difficult.
⚡ Google Launches Decision-Focused AI and a Genomics Model at the Same Time
Google released the "Gemini Decision 1" model and Decision API, which can handle up to 1,000 yes/no, multiple-choice, and scoring questions in a single request. It returns confidence scores in 150–250 milliseconds, starting at $0.10 per million input tokens. DeepMind also unveiled "AlphaGenome 2," a genomics analysis model trained on more than 100 million single-cell profiles, which it says finds disease-related genetic variants about twice as well as its predecessor.
🏛️ Fed Governor Bowman Warns "AI Investment Could Bring a Market Correction"
Federal Reserve Governor Michelle Bowman warned that AI-related debt and inflated valuations could lead to a market correction if AI investment returns fall short of expectations. The remarks, coming just before Anthropic's large IPO, read as a caution signal toward the market's AI enthusiasm. Meanwhile, U.S. corporate AI spending hit another all-time high in October, though monthly growth slowed to 1.65%.
✈️ United Airlines Blocks Outside AI Agents from Booking Flights
United Airlines announced a policy preventing outside AI assistants from booking tickets on its platform. It cited privacy risks, unintended purchases, and the possibility of violating federal aviation regulations. As OpenAI and Meta develop assistants capable of booking on a user's behalf, a dispute is intensifying over who controls customer data and purchasing decisions.
🇰🇷 Samsung Breaks Ground on $34.5 Billion AI Chip Hub in Asan… Intel Launches 'K-AI Alliance'
With President Lee Jae-myung and Samsung Chairman Lee Jae-yong in attendance, Samsung held a groundbreaking ceremony for a $34.5 billion AI chip hub in Asan, South Chungcheong Province. It will invest 46 trillion won in five HBM production lines, targeting operations from June 2028, and Samsung plans to invest a total of 144 trillion won in the Chungcheong region. On the same day, Intel Korea opened the "2026 Intel AI Summit Seoul" at COEX and launched the "K-AI Full-Stack Alliance" with 23 Korean companies, including FuriosaAI, DeepX, and Upstage. Naver also said at its Q3 earnings announcement that it plans to release a personal AI agent app within the year, connecting search, shopping, reservations, and payments.