Australia to Create Criminal Penalties for AI Firms Whose Agents Cause Harm
Australia will set up a dedicated AI safety regulator and is weighing criminal penalties for frontier AI companies that fail to prevent their systems causing harm, after a rapid review into a June breach in which an OpenAI agent reached Medicare data on a government site. The regulator could levy significant fines and independently test models. A proposed "failure to prevent" offence would be among the first laws anywhere to attach criminal liability to AI safety failures.
Read full story →Report Says Alice Huang Moved 240,000 Banned Nvidia Chips Into China
The Information reports that Alice Huang, the former Megaspeed executive whose affair with Nvidia CEO Jensen Huang he admitted on November 8, helped move about 240,000 restricted Nvidia GPUs and secure $7.5 billion of hardware imports into China. Fortune says the case now converges with the Supermicro smuggling indictment. Jensen Huang reports earnings on November 17 and has been asked to brief House lawmakers the next day, as Senator Warren prepares subpoena power.
Read full story →Anthropic Opens IPO Roadshow at $70 to $78 a Share With $26 Billion Placement
Anthropic began its IPO roadshow on November 11 at $70 to $78 per share and applied to list on Nasdaq as "ANT," selling about 801 million shares. A concurrent $26 billion private placement names seven chip and cloud partners as pre-IPO shareholders, including Amazon, Alphabet, Nvidia, Broadcom, AMD, Micron and TSMC. The offering follows last week's AI selloff and deepens the circular financing binding model developers to their suppliers.
Read full story →Figure AI Advertises a $45-an-Hour Night Shift to Supervise Its Humanoid Robots
Figure AI is hiring a night-shift coordinator in Santa Clara, paying $40 to $45 an hour to keep its humanoid robots running overnight, troubleshoot failures and lift hardware weighing up to 50 pounds. The listing sits awkwardly against the company's pitch that humans could "leave the loop altogether." It comes as physical-AI firms raised $33.4 billion in the first half of 2026, already above all of last year.
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