Tech News November 10, 2026: Australia plans an AI safety… & 8 more

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James Mayger · Bloomberg Technology02:26 UTC2 sources

Australia plans an AI safety regulator with power to impose significant penalties, and mandatory reporting after an OpenAI Medicare hack

Prime Minister Anthony Albanese said Tuesday in Canberra that Australia will create an AI safety regulator able to impose significant penalties on companies that do the wrong thing. The government also flagged mandatory reporting and criminal law changes after a hack involving OpenAI and Medicare, though OpenAI will not face criminal penalties over that incident.

Also covered by The Guardian Tech

Marina Temkin · TechCrunch01:27 UTC2 sources

Anthropic plans a live-streamed IPO event with Dario Amodei and JPMorgan CEO Jamie Dimon

Anthropic is reportedly planning a live-streamed event where CEO Dario Amodei will discuss its initial public offering with JPMorgan CEO Jamie Dimon. The company is reportedly moving forward with its IPO plans.

Also covered by Bloomberg Technology

Andy Lin · Bloomberg Technology04:54 UTC

Moonshot AI rents Nvidia's top AI chips in China despite US export restrictions, documents show

Moonshot AI accessed a trove of Nvidia's most advanced chips this summer, according to documents filed with Beijing regulators. The filings highlight the Chinese AI company's reliance on American hardware despite US export restrictions.

Takashi Mochizuki · Bloomberg Technology04:15 UTC

Rapidus is likely to miss its March 2028 deadline to mass produce cutting-edge chips, Bloomberg reports

Japanese government-backed startup Rapidus Corp. has fallen behind schedule on its pledge to mass produce cutting-edge chips by March 2028. The company may no longer be able to meet that deadline.

Sangmi Cha · Bloomberg Technology03:57 UTC

Hong Kong listing proceeds reach a six-year high of $51.9 billion, the second-best total ever

Hong Kong listing proceeds climbed to their highest level in six years after a fresh wave of offerings. The market regained some of the momentum it lost in recent months.

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Bloomberg Technology02:52 UTC

Citi plans to hire 100 bankers in China over the next several years after winning approval for its securities venture

Citi Global Co-head of Corporate Banking Kaleem Rizvi says the bank envisions hiring 100 bankers over several years. The plan follows Citi's approval for its securities venture in China, discussed at the Citi China Conference in Shanghai.

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Natasha Mascarenhas · Bloomberg Technology01:46 UTC

Altimeter Capital is raising more than $3 billion for private markets funds, including a $2.5 billion venture fund

Altimeter Capital Management, an investor in OpenAI and Anthropic, is raising new private markets funds. The firm is targeting a $2.5 billion venture capital fund for late-stage, pre-IPO companies, according to securities filings.

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Stevie Bonifield · The Verge00:28 UTC

David Ellison says AI could be the biggest creative unlock in modern history during Paramount Skydance earnings call

On Paramount Skydance's latest earnings call, CEO David Ellison said it is hard to imagine AI will not have a bigger impact on film than CGI. He argued AI has real potential in production.

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Mayumi Negishi · Bloomberg Technology01:21 UTC2 sources

Anthropic seeks to raise as much as $69.3 billion in its IPO, Reuters reports

Anthropic PBC is aiming to raise as much as $69.3 billion through its initial public offering, Reuters said, citing a copy of a filing. The company still plans to go public as soon as next week, according to reports.

Also covered by Gizmodo