Friday, November 13, 2026

Fashion: I Don't Think Jensen Huang Has Retired From Business

From Hardest Fit pics:

As the heading notes, this was after the disclosure of the Huang-Huang bang-bang {credit: NYPost] 

Compare that gnarley bit of outerwear with the easy come, easy go Jensen of 2024:

"Nvidia CEO Jensen Huang debuts new $8,990 lizard-embossed leather jacket, also says something about AI GPUs: (NVDA)

https://cdn.mos.cms.futurecdn.net/jyvTWNuEj742y5noo6X4WC-1200-80.jpg.webp 

Tom Ford Spring 2023 Menswear Collection

Via Tom's Hardware

Jensen is ready to rumble.

That concludes our Climateer Fashion week but do check back for coverage of Paris and Milan. 

November 12 - Fashion: Today In History...

November 11 - As The Blog Continues Its Pivot To Fashion Coverage: A Look At How We Got Here 

"Why midterm vote-counting is taking so long in America's largest state"

That's the BBC's headline and they have their own explanation for why the count is going to go into week two.

On the other hand here is Seth Myers with a state Democratic Party official's reasoning: 

Hillary Clinton and High Ranking Spy Guy Have Very Different Opinions On Giving Jensen Huang A Heads-Up On Alice Huang (NVDA)

First up, Madame Secretary of State Clinton with Kara Swisher on the High Stakes With HRC podcast: 

Cue at 2:41

While at the Washington Post Dennis Wilder, the CIA's deputy assistant director for East Asia and the Pacific and editor of President Obama's President's Daily Brief, evades the question of why the CIA and/or FBI didn't give Mr. Huang a defensive briefing:

...Whether the Nvidia CEO knew about the government’s suspicions regarding Alice Huang, and when he knew it, remains unclear.

“He’s not from Topeka, Kansas, let’s put it that way,” said Wilder, the former CIA analyst. “He’s lived in Chinese culture, he can’t be that naive.”

We started pulling on this thread with our one-line intro to November 9's "Nvidia CEO faces probe over affair with alleged Chinese spy — as Rubio memo warned about her months ago" (NVDA): 

Which, of course, raises the question: When did U.S. intelligence give him a defensive briefing?

Followed by November 12's So, It Looks Like Jensen Huang Got Set Up (NVDA)": 

The New York Times wrote in their October 29 article "Nvidia Chief, Jensen Huang, Is Seen as Target of Chinese Spy Plot":

...Mr. Huang has not received a defensive briefing, warnings sometimes given to Americans who are being targeted by foreign intelligence services, people briefed on the surveillance said.... 

Which raises the follow-on question: Why didn't the state security organs warn Mr. Huang about their belief that Alice Huang was a spy?

We don't know who to ask because all of the sources of the spying allegations that the New York Times quotes are unnamed.  

The intelligence community couldn't have been all that concerned that the Huang-Huang pillow talk was revealing state secrets. 

More to come, I am sure. 

For what it's worth, Jensen's family left Taiwan for the U.S. when he was nine years old. 

Commodities: "Quebec's reserves of maple syrup almost depleted, says new report"

A bit late getting to this but syrup news flows slower than water news. Navier–Stokes and all that.*

From the Canadian Broadcasting Corporation, October 19:

Province's producers ask government for financial support, help finding new markets abroad 

The head of Quebec's maple syrup producers' association says the province's strategic syrup reserve has run dry amid high demand for the product.

Québec Maple Syrup Producers president Luc Goulet says government support will be needed to ensure the industry doesn't miss out on opportunities to grow the sector.

Maple syrup yields depend on weather conditions. As a result, the producers' association has established a strategic reserve to ensure prices and supply remain relatively stable....

....MUCH MORE
[that is exactly what DeBeers used to say about their diamond market manipulation before the cartel fell apart] 
*Fluid Dynamics: A Glorious Day For Canada And Therefore The World

Previously: 

August 2012 - Sticky Fingers! $30 Million in Maple Syrup Stolen in Quebec

June 2013 - Artificial Scarcity: The IMF on the Economics of Maple Syrup
You probably remember the big maple syrup heist of August 2012 and the revelation that there was a "global strategic maple syrup reserve. Here's the rest of the story.
From the Conversable Economist....

November 2021 - "Canada Releases 50 Million Pounds from Maple Syrup Reserve amid Global Shortage"

Also at the CBC:

Fake maple syrup class action now targeting major grocery store chains 

Thursday, November 12, 2026

"Anthropic's War on Opensource AI"

An article on X from an AI guy, Ahmad M. Osman, June 11, 2026:

Anthropic wants the public to see one thing: the careful lab, the safety lab, the grown-up in the room trying to keep frontier AI from running off a cliff. However, the pattern around Anthropic does not look like caution by itself. It looks like a company wrapping a business model in moral language, then using that language to justify opaque model behavior, anti-competitive access rules, regulatory pressure, and a future where builders, startups, researchers, and Opensource communities stay downstream of a few blessed frontier labs.

If a coding or research model secretly changes the quality, direction, or reliability of an answer because it classified the user as doing disallowed frontier work, the tool is no longer merely "safe." It is untrustworthy.

Anthropic's moat is being a permission regime. On daily basis, competitors and acquisition targets discover that access can disappear. The company asks governments to bless safety frameworks, deployment gates, incident reporting, evaluation regimes, and even future pauses that incumbents are best positioned to survive.

Imagine a compiler that emits worse binaries when it thinks you are building a competing compiler. Imagine a microscope that blurs certain samples because the manufacturer dislikes the research direction. Imagine a debugger that lies only when your codebase resembles a future rival.

The fight is whether intelligence becomes something people can own, inspect, modify, run locally, fine-tune, study, route, and improve, or whether it becomes a subscription permission layer run by companies that can refuse, degrade, surveil, retain, revoke, reroute, or lobby away your access.

Anthropic can learn from the internet, copyrighted books, code, public knowledge, user feedback if permitted, synthetic data, and its own models. But if a developer uses Claude to bootstrap a competitive open assistant, Anthropic calls foul. The company argues that safety controls may be lost and that competing models undermine the investment required to build frontier systems.

If Anthropic wants to be treated like a public-interest safety institution, it cannot behave like a hypersensitive platform monopolist whenever a customer gets too close to building alternatives.

Yes, companies protect their IP. But Anthropic is not selling a normal SaaS widget. It is selling cognition as infrastructure. Once cognition becomes infrastructure, anti-competitive access control stops being a normal vendor dispute and becomes a social bottleneck.

Anthropic repeatedly converts safety, security, and responsible deployment into mechanisms of control over who may build and what could be built. We cannot trust them.

How "Safety" Became Sabotage, a Permission System, and a Direct Threat to User-Owned Intelligence

The cleanest way to understand Anthropic is not to start with its slogans, but with what happens when users get too close to building independent intelligence using its models. The system can silently degrade, reroute, or refuse work that resembles AI development, which is just sabotage with better PR.

The ToS makes the boundary even clearer: you may “own” the outputs, but you may not freely use them to train competing systems. And that is where the trick lives, because “competing systems” is vague by design. As Anthropic absorbs more of your data, ideas, plans, workflows, and moats, more of what you do can be reframed as dangerous, disallowed, or directly competitive with Anthropic itself.

This is a theory of control.

Calling Anthropic "evil" is not a cartoon claim about every employee's intent. It is a claim about an institutional pattern. When a company trains on civilization-scale data, sells intelligence as infrastructure, blocks users from using that intelligence to build competing intelligence, pushes rules that favor incumbents, and quietly changes model behavior under the banner of safety, "quirky" and "overcautious" are not strong enough words.

This is power consolidation.

This critique did not start as anti-Anthropic tribalism. It started from serious Claude and Claude Code usage through 2024, 2025, and 2026. Claude Code was "the Agent." Claude 3.5 Sonnet was head and shoulders above everyone else for coding. Claude was a real building tool before the sharper turn after perceived quantization, nerfs, rugpulls, and access restrictions.

The through-line is not "Claude never worked." It is worse: Claude worked so well that trusting Anthropic became dangerous.

That is why the language has to be blunt. The story moves from "this tool is elite" to "rugpull," "gaslighting," "Sabotage as a Service," "hostage situation," and "Buy a GPU and run your LLMs locally." Those are not random insults. They are guiding principles from someone who treated Claude as production infrastructure and then watched the provider's control surface become the main risk.

Opensource AI is not a mere preference. It is the only political economy of intelligence. An Opensource AI system preserves the freedom to use it for any purpose, study how it works, modify it, and share it, with enough information about data, code, and parameters to make real modification possible.

Anthropic is moving in the opposite direction: permissioned access, closed weights, behavioral opacity, output-use restrictions, managed refusals, policy lobbying, and selective trusted channels.

Why Anthropic Is Uniquely Dangerous

Every major closed lab has incentives to centralize power. OpenAI, Google DeepMind, Anthropic, xAI, Meta's closed products, cloud providers: none of them are saints.

Anthropic is dangerous in a specific way because four things stack together.

Moral authority as brand. Anthropic sells itself as the responsible safety company.

Frontier capability. Claude is good enough to become real developer infrastructure.

Explicit anti-competitive output and access rules. Anthropic tells users they own outputs, but also says they cannot use the services to train or develop competing AI models without written permission. The prohibited examples include general-purpose chatbots and open-ended text generation systems that compete with Anthropic's own offerings.

Policy ambition. Anthropic is not merely selling a product. It is shaping AI regulation: safety frameworks, state and federal policy, incident reporting, evaluation regimes, deployment controls, and pause or slowdown proposals.

Each piece can be defended on its own. Together, they become a machine: closed capability, moral branding, access control, and regulatory pressure. That machine can turn safety into a moat.

Anthropic's own Responsible Scaling Policy update says the RSP influenced OpenAI, Google DeepMind, California SB 53, the New York RAISE Act, and EU AI Act codes of practice. Anthropic describes that influence as exactly what the RSP was meant to do.

That does not make every safety proposal bad. It does mean builders should stop treating "safety" as neutral language though when the same company also restricts competitive model development, cuts off rivals, controls a leading coding agent, and frames open dissemination as a national-security threat.

The Actual Stakes: Who Owns Intelligence?

Who gets to own the capability to reason, automate, code, search, design, persuade, simulate, and build?

Opensource and open-weight AI matter because they create freedoms that closed platforms cannot promise forever.

They create operational sovereignty. A developer, company, researcher, city, school, hospital, or country can run models on its own machines, with its own latency, privacy, security posture, and failure modes. You do not need to beg a vendor for capacity or pray that the API stays up.

They create epistemic sovereignty. When the model refuses, fails, degrades, censors, overfits, or hallucinates, builders can inspect the stack. They can change prompts, weights, evals, routing, runtime, and deployment. With a closed model, the answer too often becomes "trust us."

They create market discipline. Open models keep closed providers honest. Without a credible local or open alternative, every closed AI provider eventually learns the same lesson: degrade quality, raise prices, change limits, throttle usage, sunset models, and call it product strategy.

They create security through diversity. A monoculture of closed frontier APIs is fragile. It concentrates failure, censorship, data leakage, policy capture, and geopolitical control in a few companies. Open ecosystems are messy, but messy ecosystems are harder to capture.

Most of all, they create civilizational participation. If intelligence becomes the key production input of the next economy, then access to modifiable intelligence becomes access to agency. A society where a few labs own the frontier and everyone else rents obedient wrappers is not advanced. It is feudalism with GPUs.

That is why this is not a hobbyist fight. It is an infrastructure fight....

....MUCH MORE 

Fashion: Today In History...

Continuing our pivot to fashion. 

From History Today:

The First Flying Trapeze
The circus act was first performed on 12 November 1859.

Jules Léotard, the French acrobat who performed the first flying trapeze act on record at the Cirque Napoléon in Paris in 1859, was the daring young man who ‘flies through the air with the greatest of ease’ in the music hall song. He also left his name to the leotard, the tight, sleeveless garment which he wore and which showed his muscular frame to advantage....

....MUCH MORE

And at Circuses and Sideshows: 

https://www.circusesandsideshows.com/images/JulesLeotardtop_5.jpg
 

If interested (and who wouldn't be?), see also November 11's:

As The Blog Continues Its Pivot To Fashion Coverage: A Look At How We Got Here

Reminder: The New York Times Had The Nvidia - Megaspeed Story Thirteen Months Ago

From the New York Times, Oct. 9, 2025:

An executive of a Singaporean firm called Megaspeed socialized with Nvidia’s Jensen Huang. Now the company is being scrutinized by U.S. officials for its ties to China. 

On a humid June night last year, Jensen Huang, the chief executive of Nvidia, held court with several of his company’s major Asian customers at a bar with sweeping views of Taipei. They stood and toasted the booming artificial intelligence industry.

Next to the Nvidia chief was a woman named Huang Le, or Alice Huang, an executive of a Singapore-based data center company called Megaspeed, which was poised to buy $2 billion of Nvidia A.I. technology over the next year.

Though Ms. Huang and Megaspeed are little-known players in the A.I. industry, their association with Nvidia and its chief executive has recently become a preoccupation in Washington.

Commerce Department officials have been investigating whether Megaspeed, which has close ties to Chinese tech firms, is helping companies in China sidestep American export restrictions, according to more than a half dozen current and former officials and other people familiar with the companies, who spoke on condition of anonymity to discuss an examination that is not public.

The inquiry, which is active, calls into question how closely Nvidia is tracking where its A.I. chips end up and highlights the possibility of American export laws easily being sidestepped. Megaspeed is also facing scrutiny from Singaporean police, who told The New York Times in a statement that they are investigating the company for breaching local laws, without elaborating further.

As the dominant provider of artificial intelligence chips, Nvidia’s annual revenue has soared nearly sevenfold in the past four years, making it the world’s most valuable publicly traded company. But the Silicon Valley company’s meteoric rise has coincided with U.S. government concerns that its chips could help adversaries like China develop new weapons, surveil dissidents and leap ahead of the United States in A.I. development.

Those concerns led both the Biden and Trump administrations to crack down on A.I. chip sales to China. But some Chinese companies employ global networks of middlemen and shell companies to sidestep those limits. In a legal gray area, some have built vast data centers in Southeast Asia that have fueled China’s gains in A.I.

Other Chinese companies have set up illegal smuggling networks, moving perhaps hundreds of thousands of blocked chips into China, experts estimate. In April, the House Select Committee on China opened an investigation into Nvidia’s sale of chips to China and Southeast Asia. Nvidia has expanded its operations in Taiwan in recent years, but it remains firmly anchored to Silicon Valley, where it was founded more than three decades ago.

Megaspeed illustrates the challenges facing U.S. government officials trying to keep China from accessing powerful A.I. chips. After splitting off from a Chinese gaming company in 2023, Megaspeed set up a subsidiary in Malaysia that quickly snapped up nearly $2 billion worth of Nvidia’s most advanced products. Most of those chips came from the U.S. branch of a Chinese company that has already been sanctioned for providing technology to the Chinese military, according to records obtained through ImportGenius, a trade data platform.

Megaspeed has funneled those chips to data centers in Malaysia and Indonesia that appear to remotely serve customers in China. That is not necessarily illegal, but it can be found unlawful if it is done on behalf of a Chinese company. U.S. officials have also been scrutinizing whether Megaspeed diverted some of those chips on to China, in violation of U.S. law, two people familiar with the company said....

....MUCH MORE

And then....nothing, until  "Culper Research, May 2026: "We are short Nvidia" (NVDA)".

And then the October 29, 2026 NYT article referenced earlier. 

So, It Looks Like Jensen Huang Got Set Up (NVDA)

By whom I'm not sure.

Our one-line intro to November 9's "Nvidia CEO faces probe over affair with alleged Chinese spy — as Rubio memo warned about her months ago" (NVDA): 

Which, of course, raises the question: When did U.S. intelligence give him a defensive briefing?

The New York Times wrote in their October 29 article "Nvidia Chief, Jensen Huang, Is Seen as Target of Chinese Spy Plot":

...Mr. Huang has not received a defensive briefing, warnings sometimes given to Americans who are being targeted by foreign intelligence services, people briefed on the surveillance said.... 

Which raises the follow-on question: Why didn't the state security organs warn Mr. Huang about their belief that Alice Huang was a spy?

We don't know who to ask because all of the sources of the spying allegations that the New York Times quotes are unnamed.  

The intelligence community couldn't have been all that concerned that the Huang-Huang pillow talk was revealing state secrets. 

More to come, I am sure. 

"SpaceX Starship Flight 15 live updates: T-2 days to SpaceX's 1st-ever double Starship landing attempt" (SPCX)

From Space.com, November 12: 

SpaceX could make history with the world's first full recovery of an orbital rocket and spacecraft on Starship Flight 15.  

SpaceX is counting down to make history with the launch of its Starship Flight 15 mission on Friday, Nov. 13, with liftoff scheduled for 5:45 p.m. EDT (2245 GMT) at Starbase, Texas. Starship Flight 15 will attempt to land both Starship Ship and Super Heavy Booster. It will be the first-ever full recovery of an orbital rocket and spacecraft, if successful....

....MUCH MORE, it's a pretty big deal.

When the engineering works, if not on this attempt on the next, it will mark the beginning of the cheap delivery era for spacetech.

Not quite down to FedEx price levels but cheaper than anyone else for the foreseeable future.

And the includes the copycat CCP.  

"Jensen Huang's exit puts Nvidia's $530 billion web of AI deals under the microscope" (NVDA)

This is one aspect of the complexity facing Colette Kress as she guides Nvidia, and thus the industry, through the immediate future.

From Yahoo Finance, November 12: 

Jensen Huang didn't just sell chips for the AI boom. He helped pay for it, and Wall Street is now repricing everyone on his tab.

Huang resigned as Nvidia's (NVDA) CEO and left its board Thursday, effective immediately, after reports of two affairs, one involving an alleged Chinese spy. CFO Colette Kress is now interim CEO, and the company still plans to report earnings Tuesday.

Nvidia stock sank to its lowest level in more than a year, putting it about $2 trillion below its October record at its low. But the selling hasn't hit the AI trade evenly. Nebius (NBIS) and CoreWeave (CRWV), cloud companies that rent out Nvidia chips, took the worst of it, while rivals Broadcom (AVGO) and AMD (AMD) and most of Big Tech held up.

That pattern traces the bank of Nvidia.

Nvidia owns stakes in Intel (INTC), SpaceX (SPCX), CoreWeave, and Coherent (COHR), and it has pledged up to $10 billion to Anthropic (ANTH.PVT) ahead of its IPO next week. It also has a preliminary deal to put as much as $100 billion into OpenAI.

Nvidia's latest quarterly filing lists about $530 billion in commitments and guarantees, by Yahoo Finance's count, including roughly $65 billion to rent back cloud capacity from companies like CoreWeave and a guarantee of up to $105 billion on OpenAI's Ohio data center leases.

"It does bring into question what we've been talking about for ... the better part of the last year, which is a lot of these circular relationships," Liz Thomas, chief market strategist at SoFi, said at Yahoo Finance Invest.

The pressure points 
The first is the dealmaker himself. Huang sat at the center of these deals, and Kress, who signed off on them as CFO, now decides how many more to write....

....MUCH MORE 

A couple throwaway lines in recent posts: 

She does know a lot about the business. 

...The job that Ms. Kress is taking on is almost mind-boggling complex, we wish her the best....  

"‘We Used to Be a Wealthy City’: Auto Woes Slam German Towns"

From the New York Times, November 10: 

The downturn in the automotive industry has done away with services and benefits that residents of Friedrichshafen, a lakeside city, once enjoyed. 

Few German cities are feeling the crisis in the automotive industry more acutely than Friedrichshafen, which sits on the picturesque shores of Lake Constance. For more than a century, life here has been intertwined with ZF Friedrichshafen, a major supplier of transmissions and other auto parts.

To call it a “company town” doesn’t quite do justice to the relationship. Through a foundation, the city owns more than 90 percent of ZF, which is also the area’s largest employer. In good years, profits from ZF supplied the city with more than a hundred million euros annually for swimming pools, kindergartens and even a bridge.

But that largess has withered away.

ZF is suffering from a major industrial upheaval because of the rocky global shift to electric vehicles and intense competition from Chinese automakers. Last year ZF lost €2.1 billion, or $2.3 billion. The company is cutting up to 14,000 jobs in Germany, about a quarter of its domestic work force.

Profits that ZF funneled to the foundation dwindled to €41 million last year and will be zero this year. The money is not expected to begin flowing again until the end of the decade, at the earliest.

Friedrichshafen, where tourists stroll the banks of the lake that sits between Germany and Switzerland, has had to cut back services that many people took for granted. Last year parents staged a protest outside city hall after child care fees, which were largely paid for by ZF profits, jumped to €450 per month from €158.

“We used to benefit a lot” from the foundation, Simon Blümcke, the city’s mayor since 2024, said in an interview. His predecessors could afford private drivers. Mr. Blümcke, who also sits on ZF’s supervisory board, has cut that luxury as well as projects like a planned railroad underpass.

“Now,” he added, “we are completely redoing our municipal strategy.”

Variations of this scenario are playing out across Germany. It is unusual for a city to own such a large company. But it is not unusual for local economies to revolve around a single large manufacturer.

Stuttgart has Mercedes-Benz, which is asking workers to put in extra hours without extra pay and last month issued a profit warning. The city is also home to Porsche, whose profit has all but evaporated. Munich has BMW, which plans to cut 20 percent of its managers. Wolfsburg revolves around Volkswagen, which is cutting up to 100,000 jobs and may close four German factories.

Outside those major cities, countless smaller communities depend on suppliers, which form the backbone of the German economy. The state of Baden-Württemberg, which includes Friedrichshafen, has a particularly dense concentration of these specialized “Mittelstand” companies.

The challenges facing Volkswagen, Mercedes and BMW reverberate at suppliers like ZF. The number of people employed in German auto manufacturing has fallen to 691,500 this year from 834,000 in 2018, according to official figures. Experts expect the number to continue to decline.

"CEO Jensen Huang resigns, Colette Kress named interim chief" (NVDA)

November 17th will be the first time in 43 quarterly earnings calls that we haven't checked in  with Mr. Huang on what's what in GPUs.

The job that Ms. Kress is taking on is almost mind-boggling complex, we wish her the best. 

From CNBC, November 12:

Nvidia CEO Jensen Huang is stepping down as CEO of the chipmaker he co-founded 33 years ago and built into a $4 trillion company that powered the artificial intelligence boom, the company announced Thursday.

CFO Colette Kress has been named interim CEO.

“The Board has full confidence in Colette and the leadership team, and we expect the company’s operations, customer commitments and product roadmap to continue without interruption,” said board chair Harvey Jones in a release announcing the news.

The company will begin the search for a permanent CEO to replace Huang and will consider both internal and external candidates, according to the release.

Kress also provided a statement in the release, but Huang was not quoted....

....MUCH MORE 

"Nvidia Draws 4 Downgrades in 2 Days as Targets Average $239" (NVDA)

It's a brave, crazy or opportunistic analyst who puts a price target on the unknown.

From FourWeekMBA, November 12:

Oppenheimer and William Blair downgraded Nvidia on 12 November, Investing.com reported, making four rating downgrades of the chipmaker in two days by our count, after Baird and Bernstein. Oppenheimer moved to Perform from Outperform and removed its price target; William Blair moved to Market Perform from Outperform....

....MORE (graphical depiction) 

The stock is down $12.68 (-7.30%) in very active, very early pre-market trade. $161.05 last.

Wednesday, November 11, 2026

Nvidia: Board Meeting Remotely, CFO Colette Kress Mooted As Interim CEO (NVDA)

She does know a lot about the business. 

From Semafor:

Updated Nov 11, 2026, 7:15pm PST 

Nvidia board prepares to oust CEO, name interim chief

The Scoop

Some members of Nvidia’s board favor appointing Chief Financial Officer Colette Kress as interim CEO at the beleaguered chipmaker if CEO and founder Jensen Huang is ousted, according to people familiar with the matter.

The full board has yet to make a decision but the company’s directors are scheduled to meet Wednesday evening, these people said. Semafor earlier confirmed that Nvidia’s board is preparing to oust Huang as soon as Wednesday, after media reports detailed that he had a second extramarital affair. The Nvidia board briefed the White House on its planned meeting, according to a senior administration official.

Nvidia has tapped an outside search firm to find the company’s next CEO, Bloomberg reported. One person being considered for the top job is Apple hardware chief Johny Srouji, who was among the executives considered for Intel CEO in 2019, according to another person familiar with the matter....

....MUCH MORE 

 The stock is trading down $13.03 (-7.50%) to $160.70 in overnight action.

Nvidia: Revelation Of Second Affair + Nvidia's Board Prepares To Terminate Huang's Employment (NVDA)

First up, from the New York Times:

Nov. 11, 2026Updated 8:57 p.m. ET 
Jensen Huang Said to Have Had Relationship With Nvidia Executive Who Reports to Him
Mr. Huang, Nvidia’s chief executive, is already facing scrutiny over an affair with a Chinese businesswoman who U.S. intelligence determined was a Chinese spy.

Jensen Huang, the leader of Nvidia who is under investigation for an affair with a woman who U.S. intelligence determined is a Chinese spy, also had an extramarital relationship with an executive who reports to him, according to five people who worked at the company.

The relationship, which has not been previously reported, was with Kimberly Powell, Nvidia’s vice president of health care, said the people, who spoke under the condition of anonymity to describe sensitive information. Under Nvidia’s code of conduct, employees are told to “avoid situations where our actions create conflict” including “personal relationships,” and the company states that it “promptly investigates reports of misconduct.” Many corporations have policies against managers having relationships with subordinates.

Mr. Huang, 63, and Ms. Powell, 48, were captured on video being affectionate at a San Jose, Calif., hotel during a Nvidia conference in March, according to two of the people who worked at the company. The New York Times has not seen the video.

Both Mr. Huang and Ms. Powell are married to other people.

Mr. Huang, who co-founded Nvidia in 1993 and has turned it into the premier supplier of artificial intelligence chips, has been under intensifying scrutiny. Last month, The Times reported that a Chinese executive he had become close to had been identified by U.S. officials as a Chinese intelligence asset.

This month, after Mr. Huang acknowledged the affair, Nvidia’s board opened an investigation into the matter that is being led by the law firm Wachtell, Lipton, Rosen & Katz. The Republican leaders of three influential House committees have also asked Mr. Huang to appear for a closed-door briefing on his interactions with the woman, who goes by the name Alice Huang....

....MORE 

And at the Wall Street Journal, Updated ET: 

Exclusive
Nvidia Is Preparing to Oust CEO Jensen Huang
Move follows company investigation into an affair with a Chinese woman alleged to be a spy 

Nvidia's board is preparing to oust CEO Jensen Huang after he had two extramarital affairs, including one with a suspected Chinese spy and another with an employee.

The board is planning to meet as soon as Wednesday to determine his future, people familiar with the matter said. His departure would bring down the curtain on an era during which he stoked the global artificial-intelligence boom and became a geopolitical star. It would leave one of the world’s most valuable companies in need of a new leader.
 
Huang, a co-founder of Nvidia, is seen by many as the face of the AI arms race. Known for his leather jackets and near-constant appearances at conferences and events all around the globe, he spoke with the confidence of a salesman who had just what the world wanted—and he did. Nvidia’s graphics processing units, high powered computer processors packed with billions of transistors, are the central component behind what many believe is the next industrial revolution.

The chipmaker’s importance to global customers made Huang a worldwide celebrity. He frequently met with top U.S. and Chinese officials, and was regularly mobbed by adoring fans when he visited Taiwan, his birthplace and the global manufacturing hub of the chip industry.

Then, on Sunday, Huang acknowledged in a letter to staff that he had been unfaithful to his wife and apologized for violating his family’s and his employees’ trust. That affair involved Alice Huang, an executive at the Singapore-based data company Megaspeed, which has been a major Nvidia customer and who U.S. intelligence officials believe is working for China’s intelligence services.

The Nvidia CEO also had an affair with Kimberly Powell, a senior executive at Nvidia who runs the company’s healthcare business, according to a person familiar with the matter. The New York Times earlier reported the second affair. Powell didn’t respond to requests for comment.

Shares of Nvidia were down about 8% after hours, extending a recent slide following the revelation that Nvidia’s board was investigating Jensen Huang’s relationship with Alice Huang. The top executive, 63, is Nvidia’s largest shareholder, owning about 3.6% of the company, and has become one of the richest people in the world.

Huang, who has roughly 60 direct reports, has said he doesn’t believe in succession planning and that leaders should continuously pass on knowledge and information as they have it. It wasn’t immediately clear who would succeed him.

Nvidia’s latest proxy statement warns that it is “highly dependent on the services of our longstanding executive team” and that the failure to ensure effective succession planning could “hinder our strategic planning, execution, and long-term success.”....

....MUCH MORE 

As The Blog Continues Its Pivot To Fashion Coverage: A Look At How We Got Here

October 16, 2019 
The New Masculinity: Huh, I Suppose It's Time To Update My Wardrobe
Some time ago (Sept. 23, 2017, 5:01 PM PDT) I mentioned that because of threatened budget cuts we would have to either combine our politics, sports, national security and fashion coverage or forsake them entirely. This led to some choices that may have puzzled long 
suffering readers (see below) and led to results that were not entirely satisfactory for anyone.

Well today, for said long-suffering readers I am skipping a meeting in an attempt to bypass the censors and reverting to straight fashion, to bring this to your attention:

Times change and we must change with them.

So out with THIS:
...August 18, 2014 started like any other day, with the question of how to present oneself to the world: knee breeches or sans-culottes?
Deciding, for the umteenth time the world may not be quite ready for the revival of the eighteenth century aesthetic:

https://upload.wikimedia.org/wikipedia/commons/c/ce/Ralph_Earl_-_Elijah_Boardman_-_WGA7452.jpg

it's pantaloons and out the door, little knowing our fortunes were about to turn very jolly....

And in with total team coverage

"Dolce & Gabbana used drones to carry handbags down the runway instead of models"
...Thank goodness the subjects of the stories are now doing the combining for us!
From The Verge:
Because human models are so last season

https://cdn.vox-cdn.com/thumbor/NT75cbgtXyueIIBeeEku5vdMkKE=/0x0:1600x1066/920x613/filters:focal(672x405:928x661)/cdn.vox-cdn.com/uploads/chorus_image/image/58821251/getty_images_drone_fashion_show_1600x1066.0.jpg

"Fashion, Maslow and Facebook's control of social"
As mentioned in "IRAN reacts to U.S. President's Comments On Colin Kaepernick By Launching Missiles While North Koreans Chant ‘Death to Trump’ Over Steph Currey Dis":
Due to threatened budget cutbacks we are considering consolidating our politics, sports, national security and fashion coverage....
Well, the cutbacks weren't just a threat, departments are being combined, which is why you've seen posts on the St. Louis Fed's FRED clothing line, 3D printed couture and such stories as:
European Bankers on Top of The League Tables For Fashion Sense
Barney's New York Introduces a $375 Antifa Jacket
This Father's Day, #Boycott Dolce & Gabbana.... 
...in this $245 #Boycott Dolce & Gabbana t-shirt...
So, unfortunately for patient reader, the trend continues as the powers that be decree the cat video pivot now has to be combined with something as well. So here's strutting the catwalk. I am so sorry.

Fancy Catwalk GIF - Fancy Catwalk Model GIFs
Actually I guess the mash-up stuff isn't completely new. We've had fashion queen Coco Chanel comment on finance:
"Money is money is money; it's only the pockets that change" 
And math and fashion:
UPDATED-- Dita Von Teese Models 'World First' Articulated 3D Printed Dress Based On Fibonacci Sequence
From HuffPo UK:

Dita Von Teese has unveiled the world's first fully articulated dress produced with a 3D printer.
The gown was designed by Michael Schmidt and Francis Bitonti and revealed at the the Ace Hotel in New York.

Created with the help of Shapeways, a company which lets designers sell objects which are printed on demand with industrial-scale 3D printers, the dress is based on the Fibonacci sequence of numbers.
Shapeways said:

"The gown was assembled from 17 pieces, dyed black, lacquered and adorned with over 13,000 Swarovski crystals to create a sensual flowing form."...MORE
DVICE is reporting:
Contrary to other reports, this 3D-printed dress is not the first of its kind. (Freedom of Creation made one back in 2006.) However, it is the first one to be designed on an iPad and sport over 13,000 Swarovski crystals.* It's also specifically made for Burlesque dancer Dita Von Teese, meaning it won't fit your body no matter how hard you try to squeeze into it....MORE
I'm betting it is the first 3D printed dress based on the Fibonacci sequence.

And a surprising number of other posts. Use the search blog box if interested.
Or think about this:

Fashion: Bernie Sanders Is the Inspiration For Balenciaga’s Fall 2017 Menswear Collection 
A couple weeks late to this but interesting as a reflection of bizarro world Zeitgeist.
That said however, should  Dolce & Gabbana come out with an Eau De Bernie I will probably just curl up in a corner of the office to await the end times....

October 17, 2025
"For Zelensky’s Fashion Adviser, It’s All About the Suit"
Part of our ongoing commitment to broaden our appeal, a big tent so to speak. 

 ***

However, the Presidente-for-life and/or until the war is over would be well-advised to steer clear of another of our experiments: 

Climate Change: "President Biden, appoint a fashion czar!"  

***

https://web.archive.org/web/20210521080752im_/https://i0.wp.com/www.powerlineblog.com/ed-assets/2020/02/Screen-Shot-2020-02-26-at-2.29.16-PM.png?resize=580%2C312&ssl=1 

Be the most stylish person on the Investment Policy Committee.  

The grand entrance was not well received, not at all.

Not even the pinstripes. 

GE Vernova's Teutonic Doppelgänger, Siemens Energy, Pops 10% On Earnings (ENR)

From Deutsche Presse-Agentur, November 11:  

Siemens Energy more than doubles annual profit to €4.1 billion 

German energy technology group Siemens Energy more than doubled its annual net profit to €4.1 billion ($4.6 billion), driven by booming demand for gas turbines and power grid equipment as well as a sharp reduction in losses at its wind power division.

The Munich-based company said on Wednesday profit rose by 145% in the financial year ending in September, marking another record result after the previous year's historic high.

Siemens Energy expects profits to rise further to €5 billion in the current financial year, which began in October.

The company's gas services division increased its operating profit by €1.1 billion, while its grid technologies business recorded an increase of €851 million.

Its previously struggling wind power subsidiary Siemens Gamesa also significantly reduced its losses, cutting them by €1.5 billion. The division returned to positive earnings in the final two quarters of the financial year....

....MUCH MORE 

A component of the hyper-concentrated electrical mini-portfolio if your mandate requires European exposure. Otherwise, GEV gets the call. 

Tuesday, November 10, 2026

Anthropic: The "Regulate Us Before We Kill Someone" People Are Back

Just in time for the new Congress to figure-out how best to extract some loot for their favorite NGOs and other cronies. 
Keeping in mind the Effective Altruism crew  have been working toward this for years. See for example Sam Bankman-Fried, Ma Fried and her political fundraising network "Mind the Gap," Pa Bankman and Arabella Partners, and so much more.

I should probably do a post on all this. Someday.

From Yahoo Finance, November 10:

Anthropic says a key AI safety alarm has been triggered, days before its IPO

A week ago, Anthropic told would-be investors that AI speeding up its own research might "imminently" trigger one of the company's key safety alarms. On Tuesday, in the same filing that set a price range for its record-setting IPO, it said that has now happened.

"We made a determination that we have met this threshold," the company wrote in its amended prospectus. It based the call on "what we expect from future models and our overall rate of progress, rather than on what we have observed from current models."

The safety threshold sits in Anthropic's Responsible Scaling Policy — the company rulebook for adding tougher safety measures as its AI gets more powerful. This one is triggered when AI is doing enough of Anthropic's research to roughly double how fast its models improve. The policy says that pace would pack two years' worth of AI progress, at its 2018-2024 rate, into a single year. The filing says AI "has already been accelerating our research and development." Crossing the line means more safeguards, not a shutdown.

The fear is AI will improve itself faster than people can check it. In 2023, Anthropic CEO Dario Amodei joined other AI leaders in warning that the "risk of extinction from AI" should be a global priority alongside pandemics and nuclear war.

Anthropic says humans stay in charge. It doesn't expect to safely use Claude "to fully autonomously design and build successive generations of frontier models without meaningful human supervision or understanding," the filing says, and it is weighing policy changes "to keep humans in control."

An outside group sees the same speedup. METR, an independent nonprofit that tests AI systems, estimated last week that Anthropic's models have been improving nearly twice as fast since October 2025. 

In a separate review, METR called Anthropic's August argument that it was still below the threshold "overstated" and said it was "plausible" the line was crossed by mid-July.

A $1.4 trillion debut 
Anthropic set its price range at $70 to $78 per share on Tuesday as it began its roadshow, the round of investor meetings before pricing. That values it at as much as about $1.4 trillion, counting every share that could exist. Trading could start as soon as Nov. 19, according to reports....

....MUCH MORE

For what it's worth METR is hardly "an independent nonprofit" and is in fact hand-in-glove with Anthropic et al.

As for regulation, the current system, from police to penitentiaries, can serve until we come up with something harsher.

USDA: World Agricultural Supply and Demand Estimates - November 10, 2026 (WASDE)

From DTN Progressive Farmer, November 10:

USDA Reports Summary
USDA Lowers Corn Yield to 179.6 BPA, Drops Corn Production to 15.893 BB

This article was originally published at 11:05 a.m. CST on Tuesday, Nov. 10. It was last updated with additional information at 11:34 a.m. CST on Tuesday, Nov. 10.

**

OMAHA (DTN) -- USDA on Tuesday lowered U.S. corn yield to 179.6 bushels per acre but raised the soybean yield to 53.3 bushels per acre.

The moves dropped corn production by 141 million bushels (mb) to 15.893 billion bushels (bb). Soybean production by 12 mb to 4.574 bb.

USDA released its November Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports on Tuesday.

Tuesday's U.S. ending stocks estimates were bullish for corn, bullish for soybeans and neutral for wheat, said DTN Lead Analyst Rhett Montgomery. Tuesday's world ending stocks estimates from USDA were neutral for corn, slightly bullish for soybeans and neutral for wheat, he said....

....MUCH MORE

note: DTNPF updates throughout the day the report comes out. 

Ahead of the report, November 6 - As Grain Prices Melt Down, Can USDA Provide a Spark? 

Here's their futures markets and commentary page:

https://www.dtnpf.com/agriculture/web/ag/markets/futures