Anthropic's expected valuation after the upcoming funding round

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> FT claims Anthropic preparing for a 2026 IPO while pushing to triple annualized revenue to ~$26B

> to be among the largest IPOs ever

> employing law firm Wilson Sonsini (behind Google, LinkedIn, Lyft IPOs) who has advised them since 2022

> lining up a new funding round which will value them at $300B - $350B, including the $15B from NVIDIA & Microsoft

> OpenAI also rumored to be planning it's IPO at a ~$1T valuation within next few years (or even months)

> DeepSeek drops reasoning-first open-weight models: V3.2 Thinking & V3.2-Speciale

> first to hit gold-medal performance in IMO, CMO, IOI & ICPC World Finals

> matches or beats frontier performance across GPT-5, Gemini 3, Opus 4.5 & Kimi K2 Thinking

> in limelight for being 10x more efficient, cheaper & built for huge context lengths

> up to ~30x cheaper than Western frontier at $0.28/1M input & $0.42/1M output tokens; even ~3× cheaper than Kimi K2 Thinking overall

> owed to sparse attention = focusing only on relevant spans instead of the full context window

> despite hype drop, DeepSeek still at ~30-40M MAUs & ~75M downloads, although Kimi is at 100M+ users

> importance: China continues to match performance & help drag global token price down, forcing the West to keep up

> both released late-Sep & offer AI video-scrolling & creation

> 110K on Sora during Oct despite being invite-only; huge jump in Nov after public gains access

> early-Nov spike in Vibes came from India (+22% week-on-week growth) & Brazil (+13% WoW)

> Europe’s Nov 6 Vibes launch added 4-5K DAUs each from France, Italy & Spain while SE Asia’s usage cooled

> new vs returning behavior diverges: new users try both feed-scrolling + prompting, while returning users lean heavily on prompting

> ~40% of daily users arrived via Meta’s in-app redirects but engaged less (only 38% of them) though ~60% still came back the next week

> both heavily criticized for “AI slop” usually including politically charged clips