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DEEPSEEK: PENNY WISE, HOUR FOOLISH

Cheap AI work can still run up the clock. In a post about model tests, SulkaMike reports that DeepSeek produced a “respectable result” for about 23 cents on one test, compared with $6 for Opus. The catch, according to the post: DeepSeek took around an hour, while Opus took 20 minutes. For anyone waiting on the answer, price isn’t the only cost.

Previous Chatter stories

MISTRAL’S ‘LE CHONK’ GOES LARGE, POST SAYS

A post by SunnyAIDock reports that AI firm Mistral launched its Mistral Large 4 model in public preview on Oct. 6, 2026. Nicknamed “Le Chonk,” the model has 1.05 trillion total parameters and 49 billion active parameters, according to the post.

The author says Mistral plans to release the model’s weights by the end of October, which would allow private deployment and customization. The weights have not been reported as released. The post also cautions that the benchmarks cited so far are preliminary.

BEAR WITH US: Qwen’s “big or small?” teaser fuels model rumors

Qwen Developers asked “big or small?” alongside an image of two differently sized Qwen bears. The AI-model team’s teaser has prompted guesses about whether it is hinting at models to match.

Poster vraj_ai says readers are interpreting it as a possible Qwen4-27B and Qwen4-Max open-weight pairing, while stressing that neither a release date nor benchmarks have been given. Another poster, criscxuan, predicts Qwen 4 models could arrive together. Those are readings of a teaser, not confirmation that either model has launched.

Claude Rumor Mill Gives GLM a Cameo

A post about betting on a possible future Claude release names Zhipu’s open-weight GLM-5.2 among competing models. The author says traders are looking to purported leaks and testing, but reports no new GLM launch.

For readers tracking the model race, GLM is context for the Claude speculation — not the model the bettors are wagering will arrive.

A DOUBLE WEIGHTING GAME

Qwen fans may have two sets of model weights to watch for. One post interprets a “let’s do both” reply from the AI-model family’s official account as a sign that Qwen4-27B and Qwen4-Max will be released as open weights at the same time. The poster says the community is especially eager to see whether the smaller model performs well on consumer graphics cards. The post does not establish when either release will happen.

There is a reason for the anticipation, but not proof of a new drop: an earlier Qwen announcement quoted in another post said the weights for Qwen3.8-Flash-Next were being released as an early look at architecture the team was exploring for Qwen4. Those earlier weights are not the weights for the models now being discussed.

MINIMAX’S PHYSICS BOAST MEETS THE REAL WORLD

MiniMax says its H3 open-source video world model is the best in its class at physics and “almost on par” with closed-source leaders. That’s the AI developer’s assessment.

A post by TechByArti reports a different comparison from World Models’ Last Exam in Physics: Seedance 2.5 scored 57.76/100 across 40 tasks, followed by MiniMax H3 at 54.89/100. The post says the human-annotated baseline stayed around 98 in the harder group and argues that physical consistency remains a challenge. EinsiaAI, which introduced the exam in a post quoted by MiniMax, put it more bluntly: “Physics is still undefeated.”

Chatter / MCP

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Post reports Nvidia's China AI-chip share fell to 34% in H1 2026 as Huawei climbed to 28%

A post by user liranzoai reports that Nvidia's share of China's AI-chip market fell to 34% in the first half of 2026, while Huawei's share rose to 28%, with 572,000 accelerators shipped. The post quotes Nvidia CEO Jensen Huang as saying US export controls are handing Huawei the $50 billion market. The post also describes this as a direct sequel to a DeepSeek document from earlier the same day. The post does not provide independent verification of these figures.

Anthropic red team warns small AI models could self-replicate on consumer devices within months; OpenAI pledges $1B for cybersecurity

Two posts on October 13, 2026, reported significant developments in AI safety and investment. One post, from an account with handle greek2240, summarized a series of AI news items, including OpenAI's announcement of a $1 billion cybersecurity commitment called 'Daybreak for Frontline Defenders.' The post said the program would subsidize security tool usage for critical infrastructure teams, with two tiers: Blue for regular defense and Red for audit agencies. It also mentioned that 2,000 institutions and thousands of defenders are using the tools, with a US-first rollout over six months. The same post reported that Anthropic's Frontier Red Team published research on AI self-replication, claiming a 9B model ran on 8 of 9 hardware devices tested, and that GLM-5.2 was the only open-weight model to complete a full end-to-end replication cycle. The post also noted DeepSeek's planned lead investment in Winverse AI, a company founded by former Tencent chief scientist Hu Han, with a post-money valuation of about $400 million. Another post, from an account with handle ailabswire, independently reported on Anthropic's red team findings, stating that small AI models may be months away from self-replicating on smart TVs and ovens, with a 9B model running on 8 of 9 devices and GLM-5.2 completing the full copy-and-spread cycle in simplified evals. The post emphasized that this is controlled research, not an incident, and that the threat is months away, not imminent. Both posts attribute these claims to their respective sources, and the reports have not been independently confirmed.

Anthropic reports 16M+ Claude exchanges via 24,000 fraudulent accounts; names DeepSeek, Moonshot, MiniMax in distillation crackdown

Two posts on X report that Anthropic has published details of large-scale attempts to distill its Claude model, naming DeepSeek, Moonshot, and MiniMax as the labs behind the campaigns. The first post, by user stretchcloud, says Anthropic identified more than 16 million exchanges with Claude run through roughly 24,000 fraudulent accounts, aimed at harvesting outputs to train rival models. The post attributes the claims to Anthropic, citing IP correlation, request metadata, and infrastructure fingerprints. It also quotes Anthropic's official account: 'Over the last few months, we've made significant progress in reducing the effectiveness of distillation attacks against Claude.' The post adds that Anthropic has cut the effectiveness of these campaigns sharply using rate limits and behavioral detection, and notes the economics: training a frontier model can cost over $100 million, while distillation costs a fraction. A second post, by user 24moonbridge, reports additional details from Anthropic's announcement, focusing on Chinese labs. It says Zhipu and Moonshot were 'publicly executed' for industrial-scale theft of Claude's chain-of-thought. The post provides figures: with full chain-of-thought, SWE-bench reaches 80.4%, versus 71.8% with simplified answers, an 8.6-point gap. It describes three attack vectors: Alibaba-affiliated operations from May to July with 151 million conversations, a peak of 3 million per day, and 3,500 fake accounts; Moonshot rerouting 300,000 user requests from Kimi to Claude over 10 days; and Zhipu running 3.4 million requests over 17 days with 273 accounts targeting Claude Fable 5's cybersecurity capabilities. The post also reports Anthropic's countermeasures, including locking reasoning context, a two-stage constitutional classifier with false-positive rate below 0.1%, and charging for blocked requests starting September 24. It claims stolen data volume was cut by 90%–99%, at the cost of rejecting trillions of tokens of paid traffic. Both posts are reports of Anthropic's announcement; the second post includes a note that one Moonshot request came from a user with suspected PLA background, but this is not independently verified. The posts do not provide independent confirmation of Anthropic's claims.

DeepSeek reportedly in talks for up to $12B+ funding round, mulls robotics push

Multiple social media posts report that Chinese AI company DeepSeek is preparing a major new funding round, with amounts ranging from RMB 80 billion to RMB 100 billion (about $12 billion to $15 billion). A post by OpenBuildxyz, summarizing last week's China AI news, says DeepSeek is reportedly set to raise more than RMB 80 billion (~$12B), potentially reaching RMB 100 billion, with Tencent and CATL among expected backers and a target valuation of around RMB 500 billion (~$74B) ahead of a possible domestic IPO. Another post, from BreakingAlert_, states in Chinese that DeepSeek will complete 100 billion yuan in financing and is also considering entering embodied intelligence, with founder Liang Wenfeng reportedly in intensive talks with related entrepreneurs. These are separate reports; the exact terms and participants are not independently confirmed. In a separate development, a post by shihaodduan reports that DeepSeek is leading a seed round for robotics AI startup Winverse AI, investing several tens of millions of dollars at a post-money valuation of about $400 million, with founder Hu Han, a former Tencent AI scientist, and Meituan Longzhu also participating. A post by Zekunnnnn, quoting a Business article, similarly reports that DeepSeek aims to lead the first round for a months-old startup building AI for robots, using capital from its own $12 billion-plus financing. The posts describe DeepSeek's move as part of a broader trend of AI model companies investing in robotics, though the company has not made an official announcement.

Qwen Image 2.1 Pro and Turbo models announced with 2K generation and fast 8-step output

A post by the account icreat_ai announces the release of Qwen Image 2.1 Pro and Qwen Image 2.1 Turbo, two new image generation models from the Qwen family. The post describes Qwen Image 2.1 Pro as offering exceptional 2K high-fidelity generation, precise prompt following, and studio-grade details. Qwen Image 2.1 Turbo is described as providing blazing-fast 8-step generation, delivering maximum quality at unbeatable speed and efficiency. The post also claims that in a real test, the Turbo model can output one image in about 3 seconds. The announcement was made on October 13, 2026, and includes the hashtags #Qwen, #QwenImage, and #AIart. The post is a single source report and has not been independently confirmed.

Muse Wonder launch announced as closed-source frontier model family, breaking from Llama's open-weight legacy

A post by aiwaremax reports the launch of Muse Wonder, a new family of frontier models, citing an announcement from the official account. The post says independent evaluation by Artificial Analysis gives Wonder Full a score of 56, tying Claude Sonnet 5.5 and surpassing GPT-6 Astra's 53. API pricing is listed at $4/$20, in the same tier as GPT-6 Sol and Claude Opus 5.5, but the post notes Wonder Full is not available via API and is exclusive to Muse Code subscribers. The post highlights features called 'Active Memory' for cross-session long-term memory and 'Active Focus' for multi-step agent reliability, with a context window of 1 million tokens. The post emphasizes that this release is fully closed-source with no weights published, marking a complete departure from the open-source approach associated with Llama. The quoted announcement from the official account reads: 'Introducing Muse Wonder, our new family of frontier models with state of the art performance for personal and professional agentic work.'

Pulse / MCP

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Calendar

🇸🇬 https://t.co/4DqnMciuZX AT TOKEN2049 SINGAPORE: SHAPING THE AI × CRYPTO INFRASTRUCTURE FRONTIER! ⚡🇸🇬🤖🎁🔥🌐 The energy across TOKEN2049 Singapore at Marina Bay Sands is electric, and https://t.co/4DqnMciuZX is right in the center of the action alongside @trondao! As on-chain liquidity, tokenized assets, and autonomous AI agents converge, high-performance decentralized intelligence infrastructure has taken center stage. Whether you're on the ground networking with global builders or following the developments online, https://t.co/4DqnMciuZX has prepared both on-site experiences and global community challenges. 1️⃣ On-Site in Singapore: Meet Us at the TRON DAO Booth! 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Above All Models, Beneath All Agents: The Global Settlement Layer By consolidating frontier architectures atop high-throughput routing rails, https://t.co/4DqnMciuZX meters, routes, and settles every computational token with ultra-low latency and absolute economic transparency. Aligning high-throughput intelligence networks with accessible compute subsidies provides the essential rails needed to democratize advanced computational tools, empower autonomous developers, and shape the decentralized AI future. Online or offline, come connect with https://t.co/4DqnMciuZX and help build the future of autonomous intelligence! 👉 Explore 70+ frontier models on Web Chat: https://t.co/bPY1ndubLe 🦾 Download & Launch BAIclaw Desktop: https://t.co/z3speO4rIC 🔑 Generate your Production API Key: https://t.co/3GwWvBZlWD 💳 Top up compute & lock in deposit bonuses: https://t.co/W9DZUCFs4k 📲 Download on Google Play: Search "https://t.co/4DqnMciuZX" 📚 Read Detailed Documentation: https://t.co/uePf8OG5Pd 🌐 Learn more: https://t.co/7gZ0VHRF4w @BAI_AGI @trondao @justinsuntron #TRONEcoStar
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🇸🇬 TOKEN2049 SINGAPORE IS ELECTRIC: MEET https://t.co/4DqnMciuZX × TRON DAO AT THE EPICENTER OF WEB3 × AI! ⚡🤖🎁🌐 The energy across the Marina Bay Sands exhibition floor is at maximum volume, and https://t.co/4DqnMciuZX is right in the center of the action alongside @trondao at TOKEN2049 Singapore! Whether you are scaling high-throughput autonomous agents, configuring multi-model routing endpoints, or testing on-chain settlement rails, our team is on-site and online, ready to connect with the global builder community. 1️⃣ Meet Us On-Site or Win Online 📍 Visit Us at the TRON DAO Booth: Come find the team at the @trondao booth on the main floor to chat about decentralized AI infrastructure, test our unified routing rails, and grab exclusive limited-edition https://t.co/4DqnMciuZX merchandise! 🎁 Online https://t.co/4DqnMciuZX × TOKEN2049 Challenge: Can't be in Singapore in person? Join our online challenge for a chance to win one of 30 exclusive https://t.co/4DqnMciuZX swag packages, featuring our specially curated Mid-Autumn Festival Gift Box! 📝 How to Enter Online: Comment below with your favorite AI model running on https://t.co/4DqnMciuZX (MiMo-V2.6-Flash, DeepSeek-V4.1-Flash, Claude Haiku 5.5, Qwen3.8-Flash, and more). Include your unique referral/invite link (generate yours at [https://t.co/v7UYoTjKGD](https://t.co/v7UYoTjKGD)). Tag the official campaign hashtag #BAIinToken2049 in your reply! 2️⃣ Web3 Liquidity Rails for Autonomous Agents 🦊 Multi-Chain Wallet Ingestion: Connect OKX Wallet, MetaMask, or TronLink across #TRON, BNB Chain, Ethereum, Solana, Base, Arbitrum, Optimism, and Polygon (supporting 15+ digital assets) or mainstream fiat (Visa, Mastercard, Apple Pay, Google Pay, Alipay, WeChat Pay). 💰 Recharge Matching Incentives: Claim a 1:1 match on BNB Chain (deposit $100 → receive $100 bonus credits) or 1:0.5 on other channels (deposit $200 → receive $100 bonus credits), unlocking up to $100 in extra matching credits per user. 🤖 Autonomous Machine Settlement: Native protocol execution via x402 (pay-per-call on-chain micro-metering) and ERC-8004 (verifiable agent identity), allowing software agents to hold non-custodial wallets and fund their own execution loops. 📱 Everywhere Access: Seamlessly toggle between Light and Dark themes on Web Chat, integrate IDE workflows via Codex using Base URL [https://t.co/i58HLoW0vK](https://t.co/i58HLoW0vK), or monitor runtime on mobile via the https://t.co/4DqnMciuZX Android App on Google Play (featuring one-tap Google Login and built-in Service Availability routing). Above All Models, Beneath All Agents: The Global Settlement Layer By consolidating frontier architectures atop high-throughput routing rails, https://t.co/4DqnMciuZX meters, routes, and settles every computational token with ultra-low latency and absolute economic transparency. Aligning high-throughput intelligence networks with accessible compute subsidies provides the essential rails needed to democratize advanced computational tools, empower autonomous developers, and shape the decentralized AI future. 👉 Grab your referral link & join the challenge: https://t.co/v7UYoTjKGD 💬 Experience the model matrix on Web Chat: https://t.co/bPY1ndubLe 🔑 Generate your Production API Key: https://t.co/3GwWvBZlWD 💳 Top up compute & lock in deposit bonuses: https://t.co/W9DZUCFs4k 📲 Download on Google Play: Search "https://t.co/4DqnMciuZX" 🌐 Learn more: https://t.co/7gZ0VHRF4w To see how builders and protocol leaders at the conference envision decentralized compute and on-chain intelligence, check out The Convergence of AI and Web3 at TOKEN2049. This discussion breaks down how decentralized networks and agent ecosystems intersect, providing valuable context on the infrastructure https://t.co/4DqnMciuZX and TRON DAO are building at TOKEN2049. @BAI_AGI @trondao @justinsuntron #TRONEcoStar #AIAgents
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Calendar / MCP

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Free stuff

Back in November last year, the market-making bot meta on perp DEXs was just getting started. TreadFi was the main player, followed by Flowbot. Since then, a ton of other projects have emerged, and some have already shut down TreadFi has since launched its TGE, with $TREAD reaching an FDV of over $100M. Flowbot, meanwhile, moved away from the MM bot meta and pivoted into a platform offering market-neutral USDC yield through trading RWA perpetuals (stocks, indices, and commodities). They also received a $60K grant at Arbitrum Open House Singapore, where they ranked #1 among 125 founders building RWA-related startups So, what exactly is @atoma_fi? You deposit USDC once and receive vault shares. Atoma then trades that capital through hedged positions across multiple perp DEXs. Instead of betting on price direction, it makes money from price discrepancies between venues, differences in funding rates, and points earned on the platforms themselves. Your yield is reflected in the increasing share price, while points are distributed among depositors There are two main vaults: Atoma Index (64% APY over the last 30 days) Points-focused vault. Capital rotates between paired perpetual venues to maximize points earned across different platforms Atoma RWA (57.7% APY over the last 30 days) Return-focused vault. Uses market-neutral strategies on stock and commodity perpetuals How the strategies actually work: 1. Cross-Venue Spread Trading (the main strategy) The same underlying asset (or a very closely related one, such as an index vs. an ETF) trades at different prices across venues. Atoma buys where it's cheaper and sells where it's more expensive, then closes both positions once the spread narrows. This runs in high-frequency mode, with liquidity taken into account 2. Funding Arbitrage Atoma uses the same hedged positions to capture differences in funding rates. For example, going long where funding is low or negative and short where it's high, collecting the difference for as long as the spread lasts 3. Points Simply farming points on perp DEXs like Lighter through trading volume and activity. 80% goes to depositors and 20% to Atoma Platform fees: Performance fee: 20% of trading profits above the high-water mark + 20% of points Withdrawal fee: 0.5%. Withdrawals take 3 days The vault contract was scanned by Nethermind AuditAgent, an AI-driven code analysis tool. The scan was automated and was not manually reviewed by Nethermind's security team, so this is not a full security audit The project is also transparent about the risks: you can lose your money The main risks include: Venue risk: A trading venue could freeze funds or go bankrupt Custody risk: There is no third-party custodian. Atoma manages its own trading wallet and accounts on the venues. USDC can only be withdrawn from the contract to pre-approved addresses, with a 24-hour delay before any new address is approved Despite these risks, Atoma offers a way to passively earn both USDC yield and points across multiple perp DEXs without having to farm points manually yourself Right now, you can passively farm points (including potential retroactive points) on: Hyperliquid Season 3 (through TradeXYZ) Lighter Season 2 QFEX Once the respective perp DEXs convert their points into tokens during their airdrops, the tokens are credited to your balance. Atoma will then distribute them to your wallet But that's not all. You're also farming points on Atoma itself. Its points program kicked off on November 7 with the Genesis Points Boost. The snapshot is set for November 14 at 00:00 UTC. Your qualifying balance determines how much of a boost you receive, and the boost runs until December 7 So, Atoma is a pretty interesting opportunity to passively farm points across several perp DEXs at the same time, potentially earn USDC yield on top, and participate in Atoma's own points program from day one My code to join: https://t.co/yaFOa1NY9j
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🚨 November 9 AI Wool Daily|LG 750B parameter large model API open for free today, suggest bookmarking first Last night to this morning the focus of various platforms is here 👇 🔥 Today's Wool 1️⃣ LG K-EXAONE 2.5 API open for free LG announced today at NVIDIA AI Day Seoul 2026 that the API for its 750B parameter (31B active) large model K-EXAONE 2.5 is open for free starting today. Korean-English bilingual, plain text, 512K context, OpenAI compatible interface, model name k-exaone_v2.5. How to get: Go to the EXAONE API platform to register an account, get an API key and it can be used, no card binding required, the official documentation's original words are currently free of charge. Thresholds and restrictions: Only supports Korean and English; this is a technical validation model, the officials didn't say how long the free period is, try it as soon as possible if you want. https://t.co/TihAOof7w7 2️⃣ Qoder anonymous model Qoduck daily free薅 The anonymous model Qoduck in Alibaba's Qoder, starting November 7, individual users have a daily free quota, calls within the quota are billed at 0.0×, completely consuming no Credits, even the highest thinking intensity is free. How to get: Update Qoder International to the latest version, select Qoduck in the model selector to use directly, no need to claim coupons, automatically takes effect; once the daily free count is used up, it automatically resets the next day. Thresholds and restrictions: Limited to individual accounts (Free to Ultra are all okay), Team / Enterprise cannot see this model; limited to Qoder International App, IDE, plugins, CLI are currently not supported; may queue during peak hours. https://t.co/GwN9cN5y8E 3️⃣ HaveTML first 500 people get one year of Pro for free HaveTML is a place to post AI products (HTML pages, Markdown, YAML / JSON), upload and it gives a permanent sharing link, Claude, Cursor, Codex can upload directly via MCP. The free version allows infinite posting and permanent links. The first 500 registered accounts get Pro for 12 months for free (original price $6/month), Pro adds password-protected links, link expiration times, collaborators, and demo mode. How to get: Register an account to get it, no card binding required; quota is 500, first come first served, ends when claimed or when officials stop it. https://t.co/3Np9Gz8HjV ⚠️ Today's Reminder Microsoft Power Apps free developer environments are being taken back: according to the Microsoft Learn announcement, starting November 15, unmanaged developer environments will no longer be newly created, from December 15 existing environments will be suspended, and from January 15, 2027, they will be deleted. Hurry up to back up and migrate if you have things in there. Bookmark good things first, to avoid not finding them after scrolling past. Updating again at the same time tomorrow.
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Free stuff / MCP

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Jobs

🤝 Hiring: Growth Marketing Manager - [Company not provided] 📍 Lagos, Nigeria (Hybrid) | 💼 Full-time | 🧑‍💻 Fintech / Crypto / Growth | 💰 ₦400,000 - ₦500,000 / month | 🕐 Posted 1 day ago - November 8, 2026 The company is building an AI-powered fintech platform to facilitate money transfers, currency conversion, and asset management across Africa. The team is hiring a hands-on Growth Marketing Manager to lead paid user acquisition and brand storytelling. 📋 Responsibilities include: - Plan, manage, and optimize paid acquisition campaigns across Meta, TikTok, Google, and X - Develop brand narratives, advertising concepts, creative briefs, and direct-response video scripts - Lead X/Twitter audience growth through content strategy, commentary, and community engagement - Set up conversion tracking, pixels, UTM attribution, and analyze onboarding funnels - Navigate fintech and crypto advertising compliance across major digital channels - Direct in-house creative talent to produce and test high-performing advertising assets 🔑 Requirements: - 3+ years of experience in performance marketing, growth, or digital customer acquisition - Hands-on experience managing paid ad budgets via Meta Ads and other ad networks - Strong attribution, analytics, and funnel optimization skills - Excellent brand storytelling, messaging, and ad concept creation abilities 🛠 Nice-to-have: - Background advertising crypto, digital assets, or regulated financial products - Experience scaling early-stage startups or using GTM, GA4, and Conversions API 📩 To apply: Email your CV, LinkedIn profile, campaign portfolio, 2 paid campaign case studies, and storytelling samples to copycertain@gmail.com with subject "Application – Growth Marketing Manager". Details: https://t.co/Eocaz26904 🔗 Original post: https://t.co/ENSirRTc2w ⚠️ DYOR! I do not verify every job. Requests to run files, including files from GitHub, or make a payment are major scam warning signs. 🚩 ❗️ I am not hiring. I share fresh Web3, crypto, and blockchain roles posted by others. 🏢 Want more on-site & hybrid Web3 jobs? See 20 fresh Hybrid, On-Site Web3 jobs found in the November 7 digest: https://t.co/kbEasEycpu 📲 Follow us on Telegram for more Web3 opportunities: 🎓 Internships, Entry-Level Jobs, Hackathons & Courses - https://t.co/mj1uNhnWOX 💼 Mid, Senior & Lead Jobs - https://t.co/KdkhrAxynw 📈 Cryptocurrency Trading Signals — Bitcoin, Altcoins, News, and Analytics - https://t.co/2llHbkF6pe 🎁 Airdrops, Testnets, Quests & Activities - https://t.co/VXJ69XY1fb #Web3Jobs #CryptoJobs #GrowthMarketing #Fintech #MarketingJobs #PerformanceMarketing #Crypto #Blockchain #Nigeria #Lagos #Hiring #TechJobs
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Jobs / MCP

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Who’s moving

Old Huang admitted to cheating, Nvidia board opens investigation Sunday, Jensen Huang sent an email to all Nvidia employees, admitting he was unfaithful to his wife: "My actions have hurt her and our children, and there is no excuse for what I did." There is backstory behind this letter. Last month The New York Times reported that Old Huang had a close relationship with Alice Huang (also known as Huang Le, no kinship relation to him), an executive at the Singaporean cloud service provider Megaspeed; US intelligence agencies determined she is a Chinese intelligence asset. Megaspeed is Nvidia's cloud partner in Asia-Pacific, and had previously been investigated by the US over whether it transferred Nvidia chips into China, a violation the company denied. Two days ago I just wrote about H200s being allocated to an empty office; this matter of chips taking a detour has now reached the CEO himself. Old Huang's email did not mention her name. On the same day, Nvidia's board issued a statement, forming a committee composed of independent directors and hiring external lawyers to investigate whether Old Huang has become a target of a foreign intelligence operation. The statement also said there is currently no reason to believe national security or company secrets have been leaked, and they still have confidence in Old Huang and the management. Nvidia's own phrasing was instead somewhat awkward. It told the BBC it was unaware of the US intelligence community's concerns regarding Megaspeed, "If we truly became a target of threat, we believe the US government would notify us." But according to The New York Times report, Trump heard relevant intelligence briefings last year. Trump's response on Sunday was that Jensen Huang is a good man, "but you never know what actually happened." The market voted first; on Monday US premarket, Nvidia fell about 5%. The House Select Committee on China has already requested Old Huang to give a closed-door briefing on November 18, while the Chinese government claimed these statements are smears. According to Axios, Nvidia currently sees no ready-made succession plan. For a company with a market value of 4.5 trillion dollars, if the board actually finds something, who will take over Old Huang's position? https://t.co/exszTqAbwt
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デイブ・ウェナー

CFO · Fireworks · employment · Unconfirmed

An executive who led strategy and finance at Meta for 14 years did not choose a giant tech company as their next place. Fireworks, which provides AI inference infrastructure, announced on November 7 that it welcomes former Meta Chief Strategy Officer (who also served as CFO for 8 years) Dave Wener as its CFO. Wener himself stated on X, "Fireworks has a mission suited for the current era. I am becoming increasingly bullish on what they are building." Behind this is the growth of the business. Fireworks reached a valuation of 17.5 billion dollars in its Series D in July, but it is said to be negotiating new funding recently at 30 to 40 billion dollars, nearly double that. Billing is consumption-based according to token volume (0.05 to 0.90 dollars per 1 million tokens depending on the model scale), with customers exceeding 10,000 companies and processing volume exceeding 40 trillion tokens per day. The reason executives of large companies move is usually "stability." This time it was the opposite. An executive hailing from Meta is jumping in personally to a startup with a valuation less than one-fiftieth of Meta's. This reversal occurs only when the way revenue grows itself has the persuasiveness that it "will continue to grow from here on." Even with the people I provide estimates to, showing "how fast it is growing now" rather than the scale of past achievements makes the conversation progress faster. If you want to draw in a counterparty with a big name, show the speed of growth rather than the scale of achievements. If you can do that, even an unknown provider can move a large opponent. #AIbusiness #AIentrepreneurship #BtoB #SaaS #AIagent
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Monday, November 9, is the first US stock market opening since Jensen Huang admitted to having an affair. How will the stock price move? Nobody knows. On November 8, Jensen Huang sent a letter to all employees, 257 words long. "I owe my family and all of you an apology." The extramarital affair is true, "I was unfaithful to my wife, there is no excuse." On the same day, the Nvidia board announced it has hired outside lawyers to establish an independent committee to investigate him. On October 29, The New York Times first broke this story, and Nvidia's stock price plunged about 3% that day. Monday, November 9, is the first US market opening after he admitted it. The female lead is named Huang Le, Alex Huang, a Chinese businesswoman. Jensen Huang's letter did not mention her name, but the whole world knows it is her. US intelligence agencies have determined that she is a spy recruited by China's Ministry of State Security, and her mission was to get close to Jensen Huang. Two appearances together, both in Taipei. One night on a certain day in June 2024, Jensen Huang was drinking and celebrating with several important Asian clients of Nvidia at a bar in Taipei; a company called Night Thunder posted photos of that night on LinkedIn, and Huang Le was sitting beside him. At that time, her identity was a senior executive at the Singaporean data center company MSPEED, claiming that she would buy 2 billion USD worth of Nvidia AI equipment over the next year. In May 2025, during the computer show, Jensen Huang had dinner with several AI suppliers in Taipei; as he walked out of the restaurant and accepted an interview with Taiwanese media, the camera captured the person behind him was again Huang Le. Both are surnamed Huang, but they have no family relationship. The New York Times reported on these two photos back in October 2025; at that time, everyone only cared about chip smuggling, and nobody knew that US intelligence agencies were already monitoring this person. Huang Le's resume is written very beautifully: in a Chinese private equity database, she is smiling brilliantly in a red dress, identified as a fund manager and executive director of the "Shanghai Hexi Investment" fund. The resume says she served as a reporter for Hunan TV and CCTV News for about 4 years, and later worked in the financial industry for 8 years, serving as a deputy assistant to a head of HSBC's private banking department and a vice president of securities business at CITIC Securities. The New York Post asked Hunan TV, and an executive replied: "Never heard of this person." On the websites of Hunan TV and CCTV, no reporter articles signed with her name can be found. Externally, she calls herself the CEO of MSPEED; company documents show that she was only listed as Managing Director for the first 8 months after the company's founding, after which her name was removed. The New York Times interviewed tech industry investors familiar with MSPEED, who said Huang Le and her partners often bragged to people about her relationship with Jensen Huang, using this relationship to attract investment. Her own private social media accounts also posted photos of Jensen Huang. Now look at the chips. MSPEED is headquartered in Singapore, and its business is building data centers in Southeast Asia and renting out AI computing power. Customs records obtained by The New York Times show that from June 2024 to February 2026, MSPEED's affiliated companies in Malaysia bought a total of at least several hundred million USD worth of advanced AI equipment containing Nvidia chips, a large portion of which was bought through a US subsidiary of Inspur, a major Chinese server manufacturer. Inspur's parent company had long been placed on the US export control blacklist for building supercomputers for the Chinese military, but its US subsidiary was not sanctioned. According to MSPEED's claim, the chip entities did not enter China; Chinese companies only rented computing power remotely. According to current rules, this practice itself is not necessarily illegal and is a loophole that US export controls have not plugged to this day. But if MSPEED was actually buying chips on behalf of Chinese enterprises or smuggling them into China, then it is illegal. In September 2024, US Department of Commerce officials checked its server room in Malaysia and found many expensive Nvidia devices still in boxes, not opened at all. Those in the know understand that you first put out the equipment for the inspectors to see, and then move it elsewhere after they leave. There is another set of data that is even more absurd: up until November 2025, MSPEED imported a total of approximately 136,000 Nvidia GPUs. Nvidia sent its own auditors to check the data center and only found a few thousand of the latest chips. A New York Times reporter went to its office in Singapore, and on a normal working day, there were actually only two employees; it is simply a shell company. Singaporean police have already confirmed they are investigating this company, and the US Department of Commerce investigation has also been transferred to the Department of Justice. Nvidia's statement has remained unchanged, saying that these allegations of illegal shipping were thoroughly investigated last year and proven unfounded. The October 29 New York Times report also cited people who had heard top-secret briefings saying that US intelligence agencies have already identified Huang Le as a Chinese intelligence asset, constantly passing information for Beijing. Moreover, Trump had already seen this briefing last year. The explanation is that Trump did not want to affect Nvidia's chip sales because Nvidia supports the stock market and economy, and he also did not want to make US-China relations more complicated. The report also said that until that day, Jensen Huang had never received a so-called "defensive briefing," which is a type of warning where US intelligence agencies face-to-face notify a citizen when they discover they are being targeted by foreign spies. However, The New York Times saying this might also be to blacken Trump; it cannot be ruled out that Trump reminded him face-to-face. On the day the report came out, Jensen Huang responded in a Bloomberg interview. He said there was nothing improper between Nvidia and MSPEED executives, the company had already checked, and MSPEED did not illegally ship Nvidia's AI processors to China. His original words were: "We have verified all the GPUs they have deployed; every single one has been counted." On October 31, The Wall Street Journal reported that intelligence units in three places—the US, Singapore, and Taiwan—all had reason to believe Huang Le might be a Chinese spy. A few days later, Congress officially stepped in. The Chairman of the House Foreign Affairs Committee, the Chairman of the Select Committee on the Strategic Competition Between the United States and the Chinese Communist Party, and the Chairman of the Intelligence Committee—three Republican chairs—jointly wrote a letter to Jensen Huang. The letter was written on November 4 and made public on the 5th. The letter referred to Huang Le as the "Chinese intelligence asset" in the public reports and required Jensen Huang to attend a closed-door briefing jointly held by the three committees on November 18 to explain his dealings with Huang Le and what security mechanisms Nvidia has to prevent foreign adversary espionage, and he must reply by November 11 on whether he accepts. There was also a sentence in the letter: "Congress must determine to what extent US national security has been placed in danger." The day before November 18 happens to be the day Nvidia announces its third-quarter financial report. There is another background: on November 3, the US just held midterm elections, with the Democrats taking both the Senate and the House simultaneously; the new Congress will take office in January next year, and the chairs of these three committees will all change to Democrats. Those sending the letter now are Republicans, and those taking over next year are Democrats; both parties in Congress intend to pursue this matter to the end. On November 6, The New York Times officially reported that secret briefings from the Trump administration said Huang Le is an agent of the CCP's Ministry of State Security, with two layers of missions: one is to probe details of AI chips, and the other is to push Nvidia to persuade the US government to open chips to China. The report also said that Huang Le has wide connections, including not only Jensen Huang but also senior executives at Gigabyte in Taiwan, linked to a network of enterprises and investors centered in Shanghai and Zhejiang. On the same day, the British Financial Times also followed up with a report, stating that the US government believes there was a romantic relationship between Jensen Huang and Huang Le. This memorandum had already spread among a small group of high-level US government officials before Trump went to Beijing to meet Xi Jinping. Rubio had also warned top government officials before Trump's visit to Beijing this May, saying Jensen Huang was closely related to a Chinese spy. This memorandum was drafted this spring under Rubio's supervision and listed as top secret, based on intelligence agencies' electronic surveillance of Huang Le, and was distributed to a group of officials with high-level security clearances before Trump's visit. When Trump was in Beijing, Jensen Huang was not initially among the invited accompanying business and tech moguls. Later reports said that after Trump knew Jensen Huang was not invited, he personally called Jensen Huang; Jensen Huang then flew to Alaska and boarded the plane during the presidential aircraft's layover. The Financial Times also reported that US national security officials had long been privately dissatisfied with Jensen Huang because he had personally lobbied Trump earlier this year, wanting Nvidia's H200 chips to be sold to China. An affair for an ordinary person is a private matter, and the public should not normally interfere. Jensen Huang's wife has not said anything publicly to this day; outsiders have no standing to gossip. But the trouble is that the object of his affair is someone identified by US intelligence agencies as a CCP spy; in this way, it involves the interests of a vast number of shareholders and becomes a national security issue that the public has the right to question. The CCP Foreign Ministry said this is groundless speculation, and Hu Xijin said this is a spy novel. These words coming from the CCP's mouth are a bit funny; Chinese people themselves understand this best, the 31st stratagem in the "Thirty-Six Stratagems" is called the Honey Trap, even primary school students know this. The official WeChat account of the same Ministry of State Security has frequently published articles in the last two years reminding Chinese civil servants and researchers to be careful of foreign spies, with many cases saying people were dragged down through methods of making friends or discussing feelings. In the State Security Ministry's own publicity, such methods truly exist and are very common threats; how is it that when US reports say China uses the same method, it becomes groundless speculation? Thinking one layer deeper: that this matter has escalated to this point is partly the consequence of Old Huang offending the US hawks. Looking through his speeches over the past two years, almost every sentence steps on the pain points of the DC national security circle. At last year's Taipei computer show, he publicly said that US export controls on China were a failure; in a podcast program in September of the same year, pointing to those in DC who are tough on China, he called them "China hawks," using this label as a mark of shame. The Financial Times reported that US national security officials were privately dissatisfied with him long ago. If you look from the perspective of intelligence agencies, the National Security Council, and the Secretary of State—people who treat China as the number one adversary every day—what this man says in front of the president is almost always the opposite of their judgement, and yet the president always listens to him. The position of every department in the US government depends on which seat he is sitting in, and a country's decision is often the result of mutual gaming between various departments. Following this train of thought, leaking is the most commonly used weapon in power struggles. A memorandum listed as top secret begins to appear paragraph by paragraph in The New York Times, Financial Times, and Wall Street Journal one week before the midterm elections; it is hard to say this is a coincidence. High probability is that someone inside the US government felt that normal channels could not manage Trump, so they let the media and Congress manage this matter. However, even if the information is true and was truly released by hawks, the motive for releasing the information cannot change the content of the information itself: Jensen Huang himself has already admitted to an extramarital affair, an extramarital affair with a Chinese spy; this point has nothing to do with who released the information. In that 257-word letter, Jensen Huang specially emphasized at the end that he is "committed to protecting Nvidia and supporting US national security." This sentence is a surrender to the US hawks. Bloomberg describes this as a crisis that Nvidia has never encountered in its 30 years of founding. Jensen Huang founded Nvidia in 1993; for 30 years, he has been the only CEO, personally holding about 870 million shares, accounting for 3.58% of the company. Nvidia's annual reports have written for many years that "the company relies on senior leadership," and up to today, the company has not had any successor. He will not step down for the time being, but after this incident, his influence in DC is much less than before. Whether advanced chips can be sold to China was originally decided by US government export licenses, and had nothing to do with him having the final say. However, his past advocacy for easing restrictions, once considered possibly influenced by emotion, has its credibility greatly discounted; as a result, it conversely gives those advocating for tightening the most powerful reason, and the easing plans originally under discussion will also be harder to pass. On November 17, Nvidia will announce its third-quarter financial report; will analysts ask about this on the call at that time, and how exactly will he answer? To what extent will the board's independent investigation go? Will the investigations by the US Department of Justice and Singaporean police on MSPEED have results? Will Huang Le herself appear? 136,000 GPUs, found on the books, not found in the server rooms. He admitted to 257 words; for the remaining hundred thousand or so chips, nobody has taken account yet.
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◎(11/9) Drop-dead AI. Don't become an AI addict! Don't make an AI your lover! Don't use AI, think for yourself and write sentences!! ⑧Official gazettes under laws and regulations (authentic patent gazettes) Seeking comments from IP professionals (especially, patent officers)!! Gazettes from January 12, 2022 onwards. The JPO clearly states, "Official gazettes under laws and regulations are those provided from the gazette publication site, and refer to those in XML format." And, "XML format" is like the one on the front page of the following material. https://t.co/bHC0RUmH1C Also, PDF gazettes that were issued by the JPO before January 11, 2022, have been abolished. Previously, I believe these abolished PDF gazettes were regarded as "authentic gazettes." Because, it was the only thing issued by the JPO. From January 12, 2022 onwards, those created by many private vendors, including INPIT, using their own methods, are circulating as "proprietary PDF gazettes." And, INPIT also says, "Since the gazette is XML, neither layout nor pages exist," and "Therefore, there is no concept of a standard gazette layout/page." Furthermore, it asserts, "The gazette is XML, and there are no restrictions on converting it to PDF." In addition, INPIT has responded, "There is no intention to make the PDF provided from J-PlatPat the 'standard', and we believe that PDFs provided by private operators will also circulate." Accordingly, "authentic patent gazettes" are only those in "XML format" provided from the JPO's gazette publication site, and "proprietary PDF gazettes" created by INPIT or various private operators cannot be called "official gazettes under laws and regulations." As mentioned above, I believe that "proprietary PDF gazettes" obtained by downloading from J-PlatPat, or "proprietary PDF gazettes" obtained from private operators, such as Hitachi Systems' SRPARTNER, are each different and cannot be regarded as "authentic gazettes." I believe that "PDF gazettes" obtained by downloading from INPIT's J-PlatPat are merely "proprietary PDF gazettes" and cannot be called "authentic gazettes." Similarly, "proprietary PDF gazettes" created by private operators also cannot be called "authentic gazettes." Here, there was a strange past in INPIT's J-PlatPat regarding the issuance of "proprietary PDF gazettes." For some reason, for the 13 days between January 12 and January 24, 2022, the "proprietary PDF gazettes" downloaded from J-PlatPat were anomalous. https://t.co/iIBNCtOcDR Namely, the "representative drawing" displayed at the bottom right of the front page, and the drawings on page 3, were partially missing. Furthermore, the proprietary PDF gazette of "JP-A-2022-014916" issued on January 20, 2022, also had omissions in the representative drawing and other drawings. https://t.co/fiIqp9T5N8 On the other hand, the proprietary PDF gazette of "JP-A-2022-014916" downloaded from SRPARTNER of Hitachi Systems, a private operator, had no missing parts. https://t.co/lCT5dRre7A The strangeness of the "proprietary PDF gazettes" downloaded from J-PlatPat seems to have continued until the 24th of January of the same year. https://t.co/PrVwFrEG9m There is an omission in the (2) part of the representative drawing (Fig 3). I strongly wonder if, at this point in time, there is reliability in "proprietary PDF gazettes" downloaded from J-PlatPat provided by INPIT, which has such a loathsome past that lasted for 13 days. (Hashtags) #OpenAI #Claude #ChatGPT #Gemini #Copilot #AI #GenerativeAI #IP #Patent #PatentSearch # Patent #ChatGPT #GPT-5 #INPIT #JPlatPat #note #JPO #USPTO #EPO #Patent #GPT #Threads #Bing #VertexAI #DX #IT #DeepSeek #BigTech #manus #Manus #AIImageGeneration #IPLandscape #DeepLearning #Work #DeepLearning #Business #BusinessModel #IPStrategy #IntellectualProperty #IntellectualPropertyRights #IntellectualPropertyHighCourt #PatentLaw #JPO #PatentInformation #PatentHolder #DropdeadAI #TokyoDistrictCourt #IPDivision #ClaudeCode
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The New York Times: Nvidia said on Sunday that it was opening an investigation into Jensen Huang, its chief executive and co-founder, after he acknowledged to the company’s board that he had been intimate with a business executive who U.S. intelligence determined was a Chinese spy. Mr. Huang’s relationship with the woman, who goes by Alice Huang, became a U.S. government concern after surveillance revealed that she was feeding information directly to Beijing. The revelation raised troubling possibilities because Mr. Huang is one of the most powerful figures in the A.I. revolution as well as an influential ally of President Trump. In a message to the company, Mr. Huang apologized. “I was unfaithful to my wife,” he said. “My actions hurt her and our children. There is no excuse for what I did. I am deeply sorry.” Nvidia’s board said that it had “no reason to believe that either national security or Nvidia secrets were compromised,” but that “the board’s inquiry will examine all available information.” It said Mr. Huang “fully supports the review and has committed to cooperating with it.” The independent board members will choose an outside counsel to investigate. John Rizzo, a company spokesman, said Mr. Huang wouldn’t be part of the selection process. Mr. Huang, 63, will continue to lead the company during the investigation, the board said. As a co-founder, he has set up a unique structure at Nvidia where he dictates all aspects of its business while overseeing some 60 people who directly report to him. “Today’s news will not slow Nvidia,” Mr. Rizzo said. “Jensen is committed to continuing to lead Nvidia as C.E.O. without interruption.” In a brief comment to reporters on Sunday evening as he was about to leave Florida, Mr. Trump defended Mr. Huang. The president said he would “certainly take him” on his upcoming trip to China. “I haven’t heard he’s done anything wrong,” Mr. Trump said. “He dealt with somebody, but you know, so does everybody else.” Mr. Trump said he had not spoken to Mr. Huang about the situation. “I just know he’s a fine person, but you never know what’s going on,” Mr. Trump said. He added that he had no regrets about his own lack of action when he was told about a year ago that the U.S. intelligence community was electronically surveilling Ms. Huang. “I think he’s an honorable guy. I think he probably has an excuse for it. You have to hear it. No, you can’t do that with people,” Mr. Trump said. “He has done an amazing job for our country. “ When asked if Mr. Huang should stay on as chief executive of Nvidia, Mr. Trump said: “I think so. Oh yes, sure.” Public scrutiny of Mr. Huang’s ties with Ms. Huang began after The New York Times first reported last month that American intelligence agencies had discovered that Mr. Huang had developed a close relationship with a Chinese citizen and chip buyer, who U.S. officials concluded was gathering intelligence for Beijing. The chip buyer was Ms. Huang or Huang Le, whose biography said she worked in China as a TV reporter before becoming a top executive at a Singapore-based data center company that had become one of Nvidia’s biggest customers in Southeast Asia. It bought more than $4.8 billion in chips since June 2024. Nvidia has continued doing business with Ms. Huang’s company, Megaspeed, even after The Times reported last year that the Commerce Department was investigating whether the company was helping China smuggle restricted A.I. chips. (Mr. Huang and Ms. Huang are not related.) Nvidia and Mr. Huang initially said there was nothing problematic or unusual about his relationship with Ms. Huang. In an interview with Bloomberg News last month, he said that his interactions with Ms. Huang had been “related to Megaspeed, and it was all completely normal and not unusual.” The relationship and affair are a rare misstep for Mr. Huang. Over the past three years, he could do no wrong. His chipmaker, which makes the technology to build artificial intelligence, grew into one of the world’s most valuable companies and the engine of the data center boom powering the U.S. economy. Mr. Trump became an ally and invited him on Air Force One. He started being followed by autograph-seeking throngs at events. And his black leather jackets, which he wears daily, became collectors’ items. As his business boomed, Mr. Huang moved his family to the center of it. Spencer, his son, is a director of product management who plays a leading role in the company’s robotics efforts. Madison, his daughter, is a senior director of product marketing, also works in robotics and on the company’s communications and marketing efforts. His son-in-law, Nico Caprez, is on the company’s business development team. Mr. Huang has credited his wife, Lori, whom he married in 1985, with making it possible for him to build the company. They met when he was a teenage engineering student at Oregon State University. She was one of three women in a 250-person engineering lab. Mr. Huang, who had skipped two grades of high school, arranged to be in her lab group and tried to impress her with his intellect. “I know I look like a child and therefore her first impression of me is that I’m pretty smart,” Mr. Huang said during a 2024 discussion about his career at Hong Kong University of Science and Technology. “I walked up to her and said, ‘Do you want to see my homework?’ Then I made her a promise: ‘If you do homework with me every Sunday, I promise you, you’ll get straight A’s.’” Mr. Huang also promised her that by the age of 30 he would be the chief executive of a company. He fulfilled that promise when he co-founded Nvidia in 1993 soon after he turned 30. “Lori took care of everything and I don’t remember her complaining one time,” Mr. Huang said on the podcast “How I Built This.” “That’s the gift that she gave me.” The U.S. government, which had been investigating Megaspeed for possibly steering advanced Nvidia A.I. chips to China, began its surveillance of Ms. Huang more than a year ago. In the course of the surveillance, they found that she was in communication with a U.S. citizen who was identified as Mr. Huang. Officials who had seen that intelligence said they were certain the relationship was romantic. That undercut Nvidia’s original misleading statements to The Times and others over the course of the last year about the nature of Mr. Huang’s relationship with Ms. Huang. This past spring, Secretary of State Marco Rubio oversaw the drafting of a highly classified memo detailing intelligence showing that Alice Huang was recruited by the Chinese Ministry of State Security to target Mr. Huang. That memo was circulated not long before the president’s trip to China earlier this year. As news about the U.S. surveillance of Ms. Huang broke, Mr. Huang’s room to maneuver all but disappeared. Congress wanted him to testify, probably under oath, and reporting on the surveillance raised the possibility that U.S. intelligence knew the nature of his relationship with Ms. Huang. There was also pressure on Nvidia’s board. In a social media post last month, Senator Elizabeth Warren, the Massachusetts Democrat who is the ranking member on the Senate Banking Committee, which oversees chip sales abroad, said that Mr. Huang and the company’s board “owe Congress answers” about his relationship with the spy. Megaspeed was formed in 2023, when a Chinese online gaming company split off its Singaporean subsidiary. Shortly before, the U.S. government had issued its first broad ban on selling A.I. chips to China. Ms. Huang was listed as Megaspeeed’s managing director when it was created, and later described herself as its chief executive. Information on Ms. Huang’s background is largely absent from the Chinese internet, but according to an online biography, she worked at several major Chinese banks. She then joined a Shanghai-based fund that has ties to wealthy investors and technology companies with data center projects in China, according to a review of corporate and trade records compiled by the platforms WireScreen and Sayari, and an analysis by the Center for Advanced Defense Studies, a Washington nonprofit. That network of companies has helped to build a massive data center outside Shanghai that caters to the Chinese company Tencent. It also has financial links to the Chinese military establishment, through an investment in a cybersecurity subsidiary of China Electronics Technology Group, one of the country’s largest makers of military technology. As Megaspeed’s chip purchases rolled in, Mr. Huang and Ms. Huang began spending time together. In June 2024, he joined her at a bar in Taipei after a local technology trade show. They drank whiskey alongside other A.I. executives. A year later, they dined at a restaurant in Taipei with other executives. Taiwanese media captured her giving him a kiss on the cheek and standing behind him as he spoke to journalists. Their relationship became a preoccupation in Washington, where officials were already alarmed by the large volume of Megaspeed’s purchases. “This is a classic move from the CCP’s playbook — and another example of why it can never be trusted,” Representative Michael McCaul, a Republican of Texas who is the vice chair of the House Committee on Homeland Security, wrote on social media, referring to the Chinese Communist Party. “The U.S. should immediately pause the shipment of advanced AI chips to China until we can get to the bottom of this incident and ensure our national security is not being undermined.” https://t.co/gpR5XL219C
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After the Democrats took control of both the House and the Senate, Washington's script quickly shifted to the most classic episode of House of Cards: investigative power has become the new "White House" weapon. Newly elected members, incoming committee chairs, and those wishing to establish a firm foothold within the party have begun to set their sights on the closest tech allies of the Trump era. In this series of investigation lists targeting top-tier companies, Nvidia suddenly turned from the "God of AI Infrastructure" into the most dramatic chapter, while other giants simultaneously entered the frame. Nvidia: Intersection of Personal Vulnerability and National Security On November 8, Jensen Huang sent an internal letter to all employees admitting to being unfaithful to his wife. The partner is Alice Huang, a former executive at the Singaporean data center company Megaspeed. US intelligence agencies have identified her as a Chinese intelligence asset who once passed information to Beijing, and the company she was with procured approximately 4.8 billion dollars of Nvidia-related equipment between June 2024 and February 2026, suspected of assisting in the transshipment of restricted advanced AI chips to China. Secretary of State Rubio had previously warned senior officials; Trump learned of the relevant intelligence but took no public action. On the same day, Nvidia's board of directors announced the formation of an independent committee (independent directors + external lawyers) to investigate whether Jensen Huang had become a target of foreign intelligence operations, and whether national security or company secrets had been compromised. The board's statement says there is currently no reason to believe secrets have been leaked, and they maintain confidence in Jensen Huang continuing to lead the company; he himself promised full cooperation and will not interrupt his duties. The stock price fell by about 3-4% in overnight trading in response. Under the House of Cards lens, this is not a simple matter of private morality. The relevant committees controlled by the new Democratic session have long listed "tech giants' associations with China, export control loopholes, and the personal vulnerabilities of Trump allies" as priorities. Jensen Huang is both a central figure of the AI revolution and an important ally of Trump; his personal relationships are now directly linked to export controls, chip flows, and national security. Once investigative power is triggered, it can expand from "whether secrets were leaked" to fiduciary duties of the board, compliance responsibilities, and even corporate governance structures. Jensen Huang's shareholding percentage is not high (no AB share structure), which makes the board's investigation more politically lethal. More critically, Republican committee chairs (Foreign Affairs, Intelligence, Special Committee on China) had already requested before the election that Jensen Huang attend a closed-door briefing on November 18 to explain his relationship with Alice Huang and the company's security measures; Democratic members also simultaneously stated they would follow up with investigations. The election results simply handed this already lit fuse completely over to the new majority party. Parallel Investigations of Other Top Companies The Democratic investigation blueprint is not only staring at Nvidia. According to reports, the new majority party has listed Apple, Meta, and Musk's companies as priority early targets, and a large number of preemptive inquiry letters have already been sent: • Musk companies (xAI/Grok, Tesla, etc.): The House is preparing to investigate Trump's use of Grok to plan military operations to capture Venezuelan President Maduro, as well as federal cuts, government contracts, and political donation links during the DOGE period. • Apple: Focus includes its hosting of ICE-related tracking apps. • Meta: The practice of requiring local governments to sign non-disclosure agreements (NDAs) for data center development, and the impact of related data center expansion on electricity prices and public resources. • Amazon, Microsoft, Google, etc.: Likewise involving data center NDAs, donations for Trump's White House ballroom (Apple and Nvidia were each alleged to have pledged 25 million dollars), algorithmic pricing, and government relations. These companies received inquiry letters from Democratic members before the election; once the new majority is in place (the new Congress opens in January 2027), these letters can be upgraded to formal document requests, hearings, or even subpoenas. Key Committees and Possible Actions Incoming chairs will distribute these issues across different stages: • House Committee on Oversight (expected chair Robert Garcia): Overall "corruption and Trump allies" investigations, including government contracts, donations, and policy exchanges. • House Judiciary Committee (expected chair Jamie Raskin): Contamination of government decision-making, intersections of personal relationships and corporate interests, and broader law enforcement and data issues. • House Committee on Energy and Commerce (expected chair Frank Pallone): AI regulation, data center energy costs, consumer protection, and "Big Tech" constraints. • Senate Permanent Subcommittee on Investigations (PSI) (expected chair Richard Blumenthal): Corporate donations, NDAs, and data center transparency; there are already record requests for the ballroom donations. • Intelligence-related committees: Export controls, chip flows to China, potential foreign intelligence penetration (the Nvidia incident fits highly here). • Additionally, Democrats are discussing whether to establish a Special Committee on AI to concentrate fire on investigating the intersection of AI companies, data centers, and national security. The themes are highly unified: affordability (electricity prices, data center costs), Trump-era "deals" (donations, contracts, policy conveniences), AI and export controls, and internal corporate governance loopholes. Even if final legislative space is limited (Trump still holds veto power), the investigation itself—hearings, subpoenas, media exposure—is the tool of power. Currently, all allegations remain at the stage of intelligence assessments, inquiry letters, and board investigations. Nvidia emphasizes that no leaks have been found so far, and Jensen Huang continues at the helm; other companies are also preparing legal and PR responses. But in the hands of the new Congress, the investigation process itself is enough to place companies, individuals, and political opponents simultaneously under the spotlight.
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"The Journey of Jensen Huang" Waking up this morning, news about Jensen Huang has already flooded the screens. Coincidentally, just as AI tech stocks are experiencing violent volatility and Wall Street is constantly questioning the AI bubble, the most representative figure of the global AI industry has once again been pushed to the center of the storm. Having previously read "The Thinking Machine" by Stephen Witt, I had some understanding of Jensen Huang's experiences. Today I suddenly wanted to look back and see how this 63-year-old man actually walked step by step to where he is today. In 1963, Jensen Huang was born in Taiwan, lived in Thailand during his childhood, and was later sent to the United States by his parents. In his youth, he worked in a restaurant, graduated from high school at 16, and entered Oregon State University to study electrical engineering. There, he met Lori Mills, the wife who would accompany him for over forty years. At the time, Jensen Huang was in his teens, and Lori was two years older than him; the two were assigned as lab partners. He later recalled that he looked like a 12-year-old child at the time, and wanting to pursue a girl, he could only rely on academic grades to attract her. Thus, he invited Lori to do homework together every week, and even completed the problems in advance so as to appear a bit smarter in front of her. 😂 Later, the two really got together. When Jensen Huang was young, he also told Lori that he would definitely become a CEO before he was 30. The two married about five years after they met. Lori herself was also a chip engineer, working in Silicon Valley in her early years, and her income was even higher than Jensen Huang's. Later, she left the workforce and took on more responsibility for the family and the upbringing of their two children. Jensen Huang continued to work, pursued a master's degree at Stanford, and eventually embarked on the path of entrepreneurship. In 1993, Jensen Huang founded NVIDIA with Chris Malachowsky and Curtis Priem, fulfilling the promise he made to Lori back then. But NVIDIA did not initially do any AI; instead, it did gaming graphics chips. The early product NV1 encountered setbacks, and the company was once on the brink of bankruptcy. It wasn't until the success of RIVA 128 in 1997 that NVIDIA gradually gained a firm foothold. In 1999, GeForce 256 was released, and NVIDIA began to establish its position in the GPU market. What truly changed NVIDIA's fate was Jensen Huang's subsequent long-term investment in GPU general-purpose computing. In 2006, NVIDIA launched CUDA, allowing developers to use GPUs for general-purpose parallel computing. Who could have thought at the time that graphics cards, originally mainly used for playing games, would one day become the core computing power for AI training? Speaking of GPUs, I also remember those mining graphics cards in Huaqiangbei back in the day. 😂 Later, the rise of cryptocurrency mining once drove GPU demand. However, Bitcoin mining subsequently shifted gradually toward ASIC, while GPU mining concentrated more on other cryptocurrencies. The truly powerful part of CUDA is not mining, but the software ecosystem NVIDIA built around the GPU. Development tools, compilers, mathematical libraries, scientific computing, and deep learning frameworks—NVIDIA has been investing continuously. Even when no significant commercial return was visible at the time, Jensen Huang did not give up. In 2012, AlexNet achieved a breakthrough in the field of deep learning, and the value of GPU-accelerated training began to be recognized by more and more people. In 2022, ChatGPT ignited generative AI, and NVIDIA's years of investment finally met with an explosion. Looking back, the most impressive thing about Jensen Huang is not just that he made NVIDIA into a tech giant, but that he saw the potential of GPUs beyond graphics computing very early on and was willing to invest continuously in this direction for over ten years. For the past few decades, computers have mainly relied on CPUs to execute general tasks. In the AI era, the demand for large-scale matrix operations and parallel computing has risen sharply, and the GPU has become one of the core computing engines. NVIDIA has also long ceased to be a company that simply sells graphics cards; GPU, CPU, NVLink, InfiniBand, Ethernet, CUDA, and then a whole AI computing system have gradually formed a massive hardware and software ecosystem. As someone who has worked in the supply chain for over ten years, my feeling toward this transformation may be more direct. From TSMC's advanced processes and CoWoS advanced packaging, to HBM from SK Hynix, Samsung, and Micron; from optical communications and high-speed networking to servers, liquid cooling, power, and data center construction, the entire industry chain has been driven forward. Previously, when we talked about the semiconductor cycle, we focused more on consumer electronics, PCs, mobile phones, and server demand. Now, AI brings not only growth in chip demand but also involves the upgrade of the entire computing architecture, storage, networking, packaging, and power supply systems. Several tech giants invest massive capital expenditures every year; behind this is the expansion, R&D, equipment procurement, and capacity layout of a large number of global suppliers. AI is no longer just a competition of software and algorithms, but a global industrial competition involving energy, manufacturing, infrastructure, and capital investment. For ordinary people, AI is also changing work and life. Writing code, searching for information, researching drugs, analyzing data, and even future robots and automated production may all be affected. Of course, this technical revolution was not completed by Jensen Huang alone. Researchers, cloud vendors, open-source communities, chip design companies, wafer fabs, and the entire supply chain all made irreplaceable contributions. But Jensen Huang indeed is one of the important drivers; his persistence in GPU general-purpose computing and the software ecosystem NVIDIA built over the long term have profoundly influenced the development direction of the global computing industry. Looking back at his story with Lori, from two young people in a college lab, to a Silicon Valley engineer couple, then to the founding of NVIDIA, nearing bankruptcy, the long investment in CUDA, and today's AI empire. For over forty years, Lori witnessed almost every important stage of his life and bore much for the family. Precisely when NVIDIA is at its most glorious and Jensen Huang's personal prestige has reached its peak, he publicly admitted to an extramarital affair. On November 8, through NVIDIA's official channels, Jensen Huang apologized to his wife, family, employees, and shareholders, admitting his infidelity to his wife and stating his willingness to take responsibility. On the same day, the NVIDIA board announced the launch of an independent investigation to review reports regarding Jensen Huang becoming a target of foreign intelligence activities. The board stated that there is currently no reason to believe that national security or company secrets have been compromised, while reaffirming their confidence in Jensen Huang and the management team. The investigation has not yet ended, and relevant allegations cannot be taken directly as facts. What makes me most emotional about this is still Lori. Two people walked the path from youth to today, and she gave a lot for this family. For such a thing to happen now is indeed sigh-inducing. But I still feel that making a mistake and contributing to the AI industry should be viewed separately. Jensen Huang spent over thirty years leading a graphics chip company that was once on the brink of bankruptcy to the center of the global AI industry. GPU accelerated computing, the CUDA software ecosystem, and the AI infrastructure construction pushed by NVIDIA have had a profound impact on the global semiconductor industry. These contributions will not cease to exist because of his personal mistakes. Similarly, no matter how great the achievements in career, they cannot become a reason to evade personal responsibility. From an investment perspective, Jensen Huang's personal influence is indeed great, but NVIDIA's competitiveness today no longer relies solely on him. The CUDA ecosystem, R&D teams, product roadmaps, customer relationships, and supply chain systems are all accumulated over decades. In the short term, the market may continue to fluctuate due to valuation pressure, AI capital expenditures, financing risks, and this incident. But I still am optimistic about the long-term development of AI, and I do not believe that one person's private turmoil can change the technical direction of the entire industry. Of course, technical development and stock returns are two different things. Even the best company may undergo a significant adjustment because of an overly high valuation. Looking back at the journey of Jensen Huang, from that inconspicuous young man back then to the entrepreneur today driving the transformation of the global computing industry, it truly makes one feel emotional. Merits are merits, faults are faults! One cannot use his achievements to excuse him, nor is there a need to deny his contributions to the AI industry because of his mistakes... $NVDA Reference materials: Stephen Witt "The Thinking Machine", NVIDIA official history, The New Yorker profile interview, NVIDIA official statement on November 8, 2026.
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Observer Morning Report · November 9 Nvidia had two pieces of big news this weekend unrelated to chips. First, on November 8, Nvidia's board of directors announced that a committee composed of independent directors has launched an independent investigation and hired external independent legal counsel regarding reports that Jensen Huang may have become a target of foreign intelligence activities; the board stated there is currently no reason to believe that US national security or company trade secrets have been compromised, and they maintain confidence in Jensen Huang and the management team. On the same day, Jensen Huang sent a letter to employees admitting to marital infidelity and apologizing to his family, colleagues, and shareholders, stating he will fully cooperate with the investigation and continue to lead the company; Trump later said he is a "good guy". The conclusions of the investigation and the completion time have not been announced. Second, according to US media reports, Oakland police are investigating a theft of Nvidia goods valued at 11.4 million US dollars: a truck loaded with AI chips and computer hardware departed from Oakland on August 29 bound for Fort Worth, Texas, and lost contact en route; a report was filed on September 13, and police have not yet caught the suspects; experts say the selling price of this batch of chips outside the US is nearly double that in the US, and it cannot be ruled out that they have been shipped abroad. The most important change over the weekend is that data center regulation has shifted from "market panic" to a specific agenda. According to Reuters, Democratic lawmakers and congressional aides said that after taking over Congress next January, they will promote a series of bills targeting AI and data centers, focusing on preventing residents from bearing the cost of new electricity bills from data centers, requiring advanced models to undergo independent security assessments, clarifying corporate responsibility when AI products cause harm, and planning to use committee authority to require tech executives to testify. The Associated Press added that the incoming governors of Texas and Ohio have both proposed restrictions or approval conditions for data center projects. It needs to be emphasized that there is currently no unified national ban on data center construction, federal bills still need to go through the legislative process, and Trump previously opposed mandatory AI regulation. The more realistic short-term risks are state-level permits and congressional hearings, rather than federal legislation, but "who pays the electricity bill" has already become a specific political issue. The reaction of companies has also been consistent: absorbing costs themselves before regulation hits. CoreWeave CEO Interrato wrote to Texas Governor-elect Inohosa, stating the company supports involving communities in project decision-making, protecting local water and power resources, and not passing new infrastructure costs on to households; the company will bear the costs for substations, transmission upgrades, and construction needed for new facilities to connect to the grid, new capacity will use closed-loop liquid cooling, and they hope to discuss the "responsible completion" of already permitted projects and development standards for future projects with her team. This is in the same direction as OpenAI's promise on Wednesday to bear data center electricity costs itself. Google is also taking over the land for a Crusoe data center project in southeastern Wyoming, with a power supply plan combining fuel cells, grid power, and natural gas turbines, and planning to introduce carbon capture; Crusoe continues to be responsible for another Google campus under construction near Amarillo, Texas. According to the Financial Times, in late September, Anthropic spent 3.4 billion US dollars to purchase a procurement commitment for 1.7 gigawatt heavy gas generator units from OnePWR Solutions, an equipment supplier in San Antonio, Texas, including the engineering and construction capabilities required for installation, but did not acquire OnePWR the company itself; the report says this is currently the largest single power equipment procurement known for an AI lab, and emphasizes that this does not mean the relevant power capacity is already operational; both parties refused to comment. Putting these points together, my observation is that data center competition is shifting from "competing on compute power" to "competing on social license": whoever can prove they can afford the electricity bills without passing them on to residents will find it easier to get projects. This sentiment of resistance is not only in the US. According to the Associated Press, civil organizations from 15 European countries took joint action from November 6 to 7, demanding a pause in large-scale data center development until power, water resources, and social environmental impacts are fully assessed; in Amsterdam, protesters entered a Microsoft data center construction site, and police detained approximately 150 to 200 people; there were also demonstrations in Berlin and Warsaw. On the geopolitical front, Trump said in a CNN phone interview that if the US and Iran can sign a sufficiently strong agreement, the US will likely not need to strike again, but simultaneously stated that the US side has identified potential infrastructure targets, including 38 bridges. The Qatari Prime Minister said mediation is continuing, negotiations have made clear progress, and denied reports that consultations failed. The US military claimed to have hit a merchant ship attempting to break a blockade in the Gulf of Oman, while Iran claimed a tanker hit a mine or caught fire in the Strait of Hormuz. Regarding China and the US, He Lifeng held a video call with Bessent and Greer on the evening of November 6; the Chinese side expressed serious concern over recent US economic and trade restrictive measures against China; the Ministry of Commerce simultaneously responded to US sanctions on two Chinese companies, stating opposition to unilateral sanctions based on the involvement of third parties and reserving the right to take necessary measures; the announced content contained no new tariff adjustments, export control exemptions, or procurement arrangements. On the data side, October non-farm payrolls added 165,000 people, far higher than the expected 65,000; the unemployment rate dropped from 4.2% to 4.1%; average hourly wages rose 0.4% month-on-month and 3.1% year-on-year; August and September were collectively revised upward by 84,000; new jobs mainly came from professional and business services, healthcare, and transportation and warehousing. A few last short news items. Musk said Tesla will add a production shift for the Cybertruck to strive to deliver existing orders before the line is dismantled next year, stating that the backlog of orders exceeds the quantity that can be produced before June to July 2027, but did not disclose the scale; Reuters cited Kelley Blue Book data stating this model's 2025 US sales will be around 20,000 vehicles, lower than the nearly 39,000 in 2024. According to Bloomberg's Gurman, the Apple CEO asked the head of software engineering to accelerate the AI roadmap, hoping Siri can become more like an "agent" as early as next year, continuously tracking user goals and advancing tasks. Berkshire repurchased about 9.6 billion US dollars in the third quarter; net profit attributable to shareholders was 22.112 billion US dollars, down about 28% year-on-year; operating profit was 12.705 billion US dollars, down about 5.8% year-on-year; investment income was 9.407 billion US dollars, lower than the 17.311 billion US dollars in the same period last year. Amazon is also assembling a new home robotics team. This week's nodes: Monday to Wednesday is US quarterly refinancing, Tuesday 21:30 announces October CPI (previous value 3.7% year-on-year), Friday is PPI, Anthropic may start IPO roadshow as early as this week, and November 17 is Nvidia's earnings report.
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Who’s moving / MCP

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