Banned Chinese university buys H200 chips
Procurement documents reviewed by Reuters show that Northwestern Polytechnical University in China, which is on the U.S. entity list, purchased two Nvidia H200 accelerators through a local supplier for about $123,000. The investigation also identified five parallel arrangements through which the university leased advanced computing capacity from Chinese firms.
US disagreement over pursuing Nvidia chip smuggling
Axios reported that U.S. Commerce Secretary Howard Lutnick repeatedly slowed down a proposed crackdown on companies suspected of diverting restricted Nvidia processors to China, citing people familiar with high-level government discussions. Reuters carried the report, noting that there was no immediate comment from the White House or a spokesperson for the secretary.
Nvidia board considers ousting Jensen Huang
The Wall Street Journal reported that Nvidia’s board of directors was preparing to meet on November 11 to discuss potentially replacing founder and CEO Jensen Huang, a development reported by Reuters without official confirmation from the company. This move comes amid reviews concerning alleged personal relationships, coinciding with an 8% drop in the company’s stock in after-hours trading.
US senator calls for assessment of Nvidia’s financial risks
Democratic Senator Jack Reed has called for an assessment in the US Congress to determine whether Nvidia has become financially intertwined with the artificial intelligence ecosystem and markets to a degree that could cause broader economic disruption. The request followed a leadership transition at the company, sparking debate over financial and credit interconnectedness risks.
AI companies recruit intelligence officers to protect their secrets
A Reuters investigative report documented the growing recruitment of former intelligence and counterintelligence officers by artificial intelligence and semiconductor companies to protect model weights and processor designs. Job postings at OpenAI, Anthropic, Nvidia, and ASML show specialized salaries ranging between $200,000 and $500,000.
Germany’s Agile Robots raises $500 million in funding
Munich-based Agile Robots has raised $500 million in a funding round that valued the company at approximately $8.5 billion, with participation from SoftBank and Nvidia. The company, a spin-off from the German Aerospace Center, develops physical AI-backed industrial robots and operates a new plant in Germany.
Nvidia confirms Jensen Huang resignation and names interim chief executive
Nvidia’s board of directors confirmed the immediate resignation of founder and chief executive officer Jensen Huang effective November 12, 2026, from all company and board positions. The firm appointed chief financial officer Colette Kress as interim chief executive, alongside naming Harvey Jones as its first non-executive chairman as the search for a permanent successor begins.
Nvidia unveils Groot 2 model to teach robots delicate skills
Nvidia kicked off the Conference on Robot Learning in Austin, Texas, by unveiling the open Groot 2 foundational world model to teach robots precise tasks like connecting cables and assembling small parts. Researchers from the University of California, Berkeley, also showcased an agentic robotics approach in collaboration with Nvidia.
Anthropic targets $64.4 billion in initial public offering
Anthropic has set a price range for its upcoming initial public offering between $70 and $78 per share, with plans to offer approximately 825 million shares to raise up to $64.4 billion. Alongside the public offering, the company is seeking to finalize a separate private placement worth $26 billion with the participation of major strategic investors, ahead of its expected trading debut on the Nasdaq on November 19.
Microsoft shares drop after introduction of Claude office tools
Microsoft shares fell 2.2% at Tuesday’s close after Anthropic unveiled office productivity tools that directly compete with parts of the Office suite. The software sector fund declined by about 2%, allowing Nvidia to reclaim the global number two spot in market capitalization despite the close multi-billion-dollar partnership between Microsoft and Anthropic.