Loaded Tokens · Friday, November 13, 2026 · About five minutes · The Loaded Tokens desk
Happy Friday. Nvidia lost the CEO who built it, Anthropic put a price range on its IPO, and Google's strongest model left the waiting room. Five stories, one call each.
Starting Monday, November 16, the briefing will land every weekday morning at 6:00 AM CT. Same source standard, three stories, about three minutes.
The 30-second version
Watch it · Anyone tracking chips: Jensen Huang is out as Nvidia's CEO.
Watch it · AI-money watchers: Anthropic's IPO price range is $70–$78 a share.
Use it · Paying API developers: Gemini 4 Carbon is at an introductory price through November 30.
Watch it · Small businesses: ChatGPT now lets companies claim a profile.
Use it · Notion AI users: if Notion contacted you, rotate pasted passwords.
1. Jensen Huang is out at Nvidia
Jensen Huang resigned as president, CEO and board member, effective immediately, Nvidia said Thursday. CFO Colette Kress is interim CEO and keeps the CFO job. Harvey C. Jones, formerly CEO of Synopsys, becomes the board's first-ever chair, and the search will consider candidates inside and outside the company.
On November 8 the board opened an independent investigation after reports Huang was targeted by foreign intelligence, and Huang told staff he had been unfaithful to his wife.
Shares closed down 4.34% Thursday, CNBC reported, after falling as much as 14% earlier in the day. Board chair Jones said the board expects operations, customer commitments and the product roadmap to continue "without interruption." Earnings stay on November 17.
Thursday close versus the earlier drop. Chart: Loaded Tokens, from CNBC.
Our call: Watch it. For anyone whose AI plans run on Nvidia chips: November 17 earnings are the first test after Huang. Not investment advice.
2. Anthropic sets its IPO range
Anthropic launched its IPO roadshow on November 10: 825 million shares at $70 to $78 each, listing on Nasdaq as "ANT." It is expected to price Wednesday, November 18 and start trading Thursday, November 19, Yahoo Finance and CNBC report.
The amended SEC filing adds a $26 billion private sale. At the $74 midpoint, Google and Nvidia would each buy about $10 billion. Anthropic says its "run-rate" revenue, an annualized snapshot of recent usage, hit about $81 billion on October 31. Actual nine-month revenue: $33.2 billion.
Anthropic says it has met its own safety-policy trigger for AI speeding up AI research, "based on what we expect from future models," not current ones.
Our call: Watch it. The final price is Wall Street's first verdict on Anthropic. Not investment advice.
Planned side purchases at $74 a share. Chart: Loaded Tokens, from Anthropic's SEC filing.
3. Google's Gemini 4 family opens up
Google made Gemini 4 Carbon available on November 10 to paying API developers and businesses at $2 per million input tokens and $10 per million output tokens (tokens are word fragments) through November 30, then $4 and $20, per its pricing page. Free-tier developers don't get it.
On Thursday Google launched Gemini 4 Hydrogen for everyone: the Gemini app, Google Search and every Gemini API tier, at $1.50 and $7.50. Both posts' benchmarks are Google's own.
Why it matters: Cheaper per token isn't always cheaper per task, The Verge notes, since models burn different token counts.
Our call: Use it. For paying developers with hard, multi-step jobs: test Carbon now, budget at December prices. Everyone else: Hydrogen is already in the Gemini app.
4. ChatGPT opens a front desk for businesses
OpenAI launched Businesses in ChatGPT in beta on November 10. Companies can claim a profile, update details and see aggregated stats like mentions and clicks. Eligible US online stores and services can add a "Business Agent" that answers shoppers; OpenAI says those chats are labeled and separate from ChatGPT's own answers. OpenAI cites 1.2 billion weekly users, its own figure.
Our call: Watch it. For small-business owners: a new place customers may find you, still in beta.
Sources: The Verge
5. A vendor breach exposed some Notion AI chats
Fireworks AI, which runs AI models for other companies, widened its breach notice on November 9: attackers reached account and billing data and, for some accounts, secrets and datasets. Notion says fewer than 1% of its workspaces were hit, with some Notion AI chats exposed. Not contacted? Notion says no action is needed.
Our call: Use it. For Notion AI users who were contacted: rotate any password or key pasted into chats.
Sources: The Hacker News
Your next move
Pasted a password into Notion AI? Ask your workspace owner whether Notion flagged you. Building on Gemini? Price your app at December rates.
Sources & limits: Public sources reopened November 11–13, 2026 (CT). Vendor figures and benchmarks are the vendors' own. Verdicts are editorial, not hands-on tests.
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