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The GPU Daily · #121 · covering Wednesday 11 November
The physical layer of AI, every day. Here's what moved on Wednesday 11 November 2026.
In this issue
Top story · HARDWARE
US · ▼ Bearish · 11 Nov 23:00 UTC · Newsroom · 3 sources
Nvidia's board is preparing to oust CEO Jensen Huang, the Wall Street Journal reports, citing people familiar with the matter. Nvidia shares fell more than 8% in after-hours trading. Huang has about 60 direct reports and no clear successor, and the board could meet as soon as Wednesday.
Earlier: Jensen Huang admits affair as Nvidia probes alleged Beijing intelligence ties (10 November)
MARKET MOVES · 8
Global · ▲ Bullish · 11 Nov 18:16 UTC · Company/PR
B300 rent rose from $4.84 to $7.35 per GPU-hour between May 31 and October 22, 2026, while H100 rent rose only 5.5%.
US · ◆ Neutral · 11 Nov 00:15 UTC · Newsroom
Earlier: Anthropic reportedly plans to set its $20bn-plus IPO valuation range this week (10 November)
Global · ◆ Neutral · 9 Nov 21:05 UTC · Company/PR
MARA published unaudited Q3 2026 results on 9 November, with 1.9GW energised across nearly 20 sites on four continents.
Why this matters: The 4.8GW pathway may make MARA a meaningful power and compute supplier for AI and HPC buyers.
US · ▲ Bullish · 11 Nov 02:21 UTC · Trade press
Anthropic published its preliminary prospectus on 26 October, nearly five months after confidentially filing with the SEC, and the Philadelphia Semiconductor Index gained 2.82% after it was published.
US · ◆ Neutral · 11 Nov 14:30 UTC · 3 sources
China, Hong Kong · ◆ Neutral · 11 Nov 11:33 UTC · Trade press
RelyEZ listed on the Main Board of the Hong Kong Stock Exchange as a Chinese energy storage system provider.
Why this matters: Further Hong Kong listings by Chinese storage firms may give them capital for expansion.
Canada · ◆ Neutral · 10 Nov 12:00 UTC · Company/PR
The 4.051% Series 1 Senior Notes mature 17 November 2029 and were issued by BCI QuadReal Realty Trust, rated AA (low) by Morningstar DBRS.
Canada, US, UK · ◆ Neutral · 10 Nov 12:00 UTC · Company/PR
QuadReal's debt platform grew from $6 billion in 2021 to $15.4 billion, with data centres among its focus sectors.
NEOCLOUD · 5
US · ▲ Bullish · 10 Nov 00:00 UTC · Company/PR
Remaining performance obligations grew to $515.0 million after $240.9 million in new three-year take-or-pay deals covering more than 2,000 B300 GPUs.
Earlier: QumulusAI signed five-year deal for 0.5 MW in Columbia, South Carolina (5 November)
US · ▲ Bullish · 11 Nov 00:00 UTC · Company/PR
Nscale has agreed to acquire Anyscale, the company behind Ray, and will supply compute to Figure under a multi-year partnership; 51% of US AI-native leaders run large-scale inference, per Nscale's research.
Earlier: Nscale acquires Anyscale, combining AI infrastructure with distributed computing software. (23 September)
US · ▲ Bullish · 11 Nov 12:00 UTC · Company/PR
ElevenLabs is adding 15 MW of NVIDIA Vera Rubin compute capacity as part of an expanded NVIDIA partnership, and previewed a model-routing system.
Why this matters: The 15 MW Vera Rubin allocation may give voice AI customers earlier access to Rubin-based inference.
Global · ◆ Neutral · 11 Nov 05:38 UTC · Company/PR
RunPod reports customers are running compute across several clouds and their own hardware, with one customer building a queueing system to move jobs across three or four providers.
Why this matters: Multi-cloud sprawl may raise operating costs for buyers who must maintain their own scheduling and governance layers.
US · ▲ Bullish · 9 Nov 00:00 UTC · Company/PR
QumulusAI signed a five-year colocation agreement for 1.2MW of critical IT load in Denver, with automatic renewals and service expected in Q1 2027.
Earlier: QumulusAI signed five-year deal for 0.5 MW in Columbia, South Carolina (5 November)
SOFTWARE & AI · 21
China · ▲ Bullish · 11 Nov 06:54 UTC · Trade press
Alibaba opened a preview of Qwen4-Max on Wednesday, supporting image and video inputs and up to a million tokens of context via its Token Plan.
Why this matters: A million-token flagship preview may raise long-context inference demand on Alibaba Cloud.
China · ▲ Bullish · 11 Nov 07:41 UTC · Trade press
ERNIE 5.5 Flash Preview (280B total, 14B active, 1M context) is available on Qianfan, with weights promised by 25 November.
Why this matters: A 14B-active model with 1M context could lower inference cost per token if the open weights ship as promised.
Earlier: Baidu opened ERNIE-5.5-Flash-Base, a 280B MoE base model (6 November)
Global · ▲ Bullish · 5 Nov 00:00 UTC · Company/PR
VAST Data's 14 largest customers committed over $10bn in aggregate for its software and platform hardware, with four each committing over $1bn in 2026.
Why this matters: The commitment figures may point to strong buyer demand for storage in AI build-outs.
China · ▼ Bearish · 11 Nov 14:19 UTC · Trade press
Moonshot's Kimi Hosted Agents sandbox costs 0.072 yuan per hour for one CPU core and 1GB of memory, billed by the second.
Why this matters: Aggressive sandbox pricing from a Chinese model provider may pressure agent hosting rates elsewhere.
Earlier: Moonshot AI's Kimi Hosted Agents offers managed agent-harness cloud service (5 November)
EU · ◆ Neutral · 11 Nov 17:00 UTC · Company/PR
Lemonflow self-hosts Gemma 4 on TPU v6e in the EU, cutting P50 latency to about 350 milliseconds from roughly 1.7 seconds on managed APIs.
Why this matters: The migration may push other inference workloads from managed APIs toward dedicated accelerators to fix latency and rate limits.
China · ◆ Neutral · 11 Nov 06:55 UTC · Trade press
MiniMax released H3-Image weights on Hugging Face, with the company stating 4,096-by-4,096 pixel output in under 10 seconds and up to 16 reference images per request.
Why this matters: Open image model releases may add to inference demand for image generation, though the scale is unknown.
China · ◆ Neutral · 11 Nov 02:39 UTC · Trade press
H3-Image is a 33.1B diffusion transformer that generates 16-megapixel images in six steps and supports editing with up to 16 references, under a community licence.
China · ◆ Neutral · 11 Nov 07:41 UTC · Trade press
Qwen Code 1.0 Preview opens Qoder's harness as an embeddable agent core, with centralised MCP and sandbox management, and the code is open-sourced.
Italy, EU · ◆ Neutral · 10 Nov 09:45 UTC · Company/PR
The 4B-parameter model was trained on 13 trillion tokens using the Leonardo supercomputer hosted by CINECA, with weights and data released under Apache 2.0.
Earlier: IGenius CEO urges Europe to build sovereign frontier AI models (30 October)
US · ◆ Neutral · 11 Nov 14:00 UTC · Trade press
Plurai raised $13 million in seed funding led by Team8 to build digital twins and post-train small open-weight models on synthetic data.
US · ◆ Neutral · 10 Nov 10:14 UTC · Company/PR
Both models are served through US and Global cross-Region inference profiles, with inference data excluded from training.
Global · ◆ Neutral · 11 Nov 06:30 UTC · Newsroom · 3 sources
Earlier: Google Cloud launched Gemini for healthcare with connectors to major EHR systems (10 November)
US · ◆ Neutral · 11 Nov 15:00 UTC · Trade press
Databricks revised its Genie agent to perform multi-step jobs unsupervised, using an ontology built from customer data on its platform. Ghodsi cited Dunbar's number as the threshold where executives stop hearing direct negative feedback.
Why this matters: Agent tooling of this kind may drive more inference workload on the platform, though no compute figures were given.
Global · ◆ Neutral · 10 Nov 12:40 UTC · Company/PR
In an 88-request test, TrueFoundry finished in 395.9 seconds against 660 seconds on SageMaker, company-stated.
Global · ◆ Neutral · 11 Nov 05:01 UTC · Company/PR
BotPsy, built on Qwen3.5-0.8B, lifts BFCL v4 from 23.4 to 44.0 and cuts reasoning token use roughly 3x versus its base, per the authors' benchmarks.
Why this matters: A sub-billion-parameter model that runs on-device may shift some agent inference away from data-centre GPUs, though benchmarks are the authors' own.
Global · ◆ Neutral · 10 Nov 19:00 UTC · Company/PR
The feature offers a recovery point objective under one minute and recovery time objective under 20 minutes, with no extra fee beyond standard transfer rates.
Global · ◆ Neutral · 11 Nov 19:58 UTC · Company/PR
Global · ◆ Neutral · 9 Nov 00:00 UTC · Company/PR
Global · ◆ Neutral · 10 Nov 12:00 UTC · Company/PR
Kairos Power projects agentic workflows could raise simulation analysis efficiency up to 3x, per Rescale.
US · ◆ Neutral · 10 Nov 00:00 UTC · Company/PR
Cogent reports a 75% cut in mean time to remediate critical vulnerabilities at a Fortune 1000 automotive customer.
Global · ◆ Neutral · 11 Nov 21:26 UTC · Company/PR
HARDWARE · 11
US · ▼ Bearish · 10 Nov 00:00 UTC · Company/PR
Trump told the Financial Times the FBI has begun looking into Huang's relationship with Megaspeed executive Alice Huang, and a shareholder fraud suit followed.
Earlier: Nvidia board probes Jensen Huang over ties to suspected Chinese spy (9 November)
UK · ▲ Bullish · 11 Nov 19:34 UTC · Trade press
Fractile raised a $720M Series C backed by Britain's Sovereign AI Fund, led by Thrive Capital, Founders Fund, Lightspeed and Redpoint.
Global · ▲ Bullish · 10 Nov 17:01 UTC · Trade press
AMD claims the EPYC 9996 delivers up to 3.7x the performance of an Nvidia Vera CPU system, with Meta named as a lead customer, company-stated.
Why this matters: Hyperscaler AI cluster hosts may shift toward EPYC if the performance claims hold in independent testing.
US · ▲ Bullish · 11 Nov 14:30 UTC · Newsroom · 3 sources
US · ▼ Bearish · 11 Nov 23:28 UTC · Trade press
Earlier: Nvidia shares fall 7.3% as board probe into Huang adds risk (9 November)
Global · ◆ Neutral · 11 Nov 00:00 UTC · Company/PR
VAST Data's CTO says KV cache now sits between a user's prompt and the model's response, making storage part of the live inference request.
Why this matters: Storage speed and placement for KV cache may become a larger cost for inference clusters, favouring vendors that solve data movement.
Global · ◆ Neutral · 11 Nov 02:15 UTC · Newsroom
US · ▼ Bearish · 11 Nov 23:17 UTC · Trade press
Earlier: Reports allege Nvidia sold to Megaspeed and interfered in its investigation (10 November)
Asia · ◆ Neutral · 11 Nov 02:15 UTC · Newsroom
China · ◆ Neutral · 11 Nov 02:39 UTC · Trade press
Huawei plans a 12 November trial launch in Gui'an of a storage system built on its MED magnetoelectric disk, with no specifications public.
China · ◆ Neutral · 11 Nov 06:55 UTC · Trade press
Huawei says the Kirin 9050's Da Vinci NPU runs a 30-billion-parameter mixture-of-experts model locally, activating about 2 billion parameters at a time.
HYPERSCALER · 7
Taiwan · ▲ Bullish · 11 Nov 01:30 UTC · Trade press
US · ◆ Neutral · 11 Nov 20:12 UTC · Trade press
Santosh Janardhan, who joined Meta in 2009, is stepping down from his role.
Why this matters: Leadership change at a major hyperscaler's infrastructure function may affect how Meta's GPU build-out is run.
UK, India, Australia, Brazil · ▲ Bullish · 10 Nov 19:30 UTC · Company/PR
G7 instances with up to 8 NVIDIA RTX PRO 4500 Blackwell GPUs are now in London, Mumbai, Sydney and Sao Paulo, with up to 4.6x AI inference performance over G6.
Why this matters: Broader regional availability may widen where customers can run Blackwell-class inference without cross-border data moves.
Earlier: AWS made RTX PRO 4500 G7 instances available in Frankfurt and Stockholm (13 October)
Global · ◆ Neutral · 11 Nov 17:00 UTC · Company/PR
Meta says Intelligent Delivery has delivered roughly 10% incremental ads ranking performance from 2017 through the first half of 2026.
Global · ◆ Neutral · 11 Nov 06:00 UTC · Company/PR
Microsoft will adjust commercial cloud pricing effective 1 January 2027, rising 15.7% in Indian Rupee and falling up to 8.5% in Chinese Yuan.
Why this matters: Currency-driven price changes on Azure may shift regional cloud spend for GPU capacity bought in those markets.
Global · ◆ Neutral · 11 Nov 20:05 UTC · Company/PR
Cloud WAN adds no charge for Flow Logs beyond standard publishing costs, giving central visibility into IP traffic across global networks.
Global · ◆ Neutral · 11 Nov 18:00 UTC · Company/PR
Lambda MicroVMs now runs x86 alongside Arm Graviton, excluding four APAC and European regions.
DATA CENTRE · 10
Australia · ◆ Neutral · 11 Nov 01:15 UTC · Newsroom
India · ◆ Neutral · 11 Nov 20:30 UTC · Newsroom
Australia · ◆ Neutral · 9 Nov 00:00 UTC · Company/PR
AirTrunk proposed a campus at 45 Donnybrook Road, Mickleham, with more than 1,000 ongoing jobs and $26.5m in community investment.
US · ◆ Neutral · 11 Nov 20:15 UTC · Trade press
US · ▼ Bearish · 11 Nov 20:02 UTC · Trade press
Australia · ◆ Neutral · 9 Nov 00:00 UTC · Company/PR
AirTrunk's proposed Kurri Kurri project includes 350 operational jobs and a $37m contribution to local infrastructure.
Why this matters: Community funding commitments like these may shape approval timelines for AirTrunk's Australian projects.
Global · ◆ Neutral · 11 Nov 12:05 UTC · Company/PR
Schneider Electric states liquid cooling is now a thermodynamic necessity for AI factories, shifting the challenge to orchestrating it.
Why this matters: Orchestration software for liquid cooling may become a standard line item in AI facility design.
US · ◆ Neutral · 11 Nov 12:55 UTC · Company/PR
India · ◆ Neutral · 10 Nov 05:30 UTC · Company/PR
A utility disturbance can leave GPU servers on UPS power while cooling equipment loses power, creating a gap between electrical availability and usable compute.
Why this matters: Operators in India may need to plan cooling ride-through around GPU loads, though this is a vendor analysis rather than reported data.
Indonesia · ◆ Neutral · 10 Nov 09:58 UTC · Company/PR
The merged Telkom Akses entity will manage data centres, towers and access networks, serving mobile operators, ISPs and hyperscalers.
Why this matters: Consolidation may make Telkom's Indonesian infrastructure arm a more direct colocation option for hyperscalers in the market.
ENERGY & POWER · 36
US · ▲ Bullish · 11 Nov 17:07 UTC · Trade press
Constellation is offering Peak+, a hybrid contract pairing nuclear baseload with batteries, demand response and new generation, and signed a 270MW 20-year deal.
US · ▲ Bullish · 11 Nov 19:47 UTC · Trade press
Google has contracted for 396MW of Fervo Energy geothermal power in Utah over 15 years, take-or-pay, with an option for about 1GW by June 2030.
Global · ▼ Bearish · 11 Nov 06:01 UTC · Trade press
GE Vernova's Electrification backlog reached $42.2B at end-September 2026, Siemens Energy reported about $57B in Grid Technologies backlog, and ABB's Electrification backlog hit about $16B.
Why this matters: Transformer and switchgear backlogs may lengthen lead times for data centre grid connections.
Canada · ▼ Bearish · 11 Nov 19:00 UTC · Trade press
Ontario Power Generation says the first BWRX-300 unit at Darlington will miss its October 2030 target and exceed its C$7.7B budget.
Australia · ▲ Bullish · 12 Nov 00:00 UTC · Company/PR
AirTrunk and European Energy Australia have signed an exclusivity agreement to progress two renewable projects in New South Wales' Hunter region.
Australia · ◆ Neutral · 11 Nov 03:45 UTC · Trade press
Rio Tinto will underwrite $7.5 billion of new wind, solar and battery storage in Gladstone through PPAs, as its Boyne smelter consumes about 10% of Queensland's electricity.
US · ▲ Bullish · 11 Nov 14:25 UTC · Trade press
The 150MW/600MWh Faraday BESS in Utah County has entered commercial operation, with Meta named as the data centre it supports.
Why this matters: A grid-scale battery tied to a Meta site may show storage being used to firm hyperscaler load.
Canada · ▼ Bearish · 11 Nov 16:03 UTC · Trade press
Ontario Power Generation no longer expects Darlington Unit 1 to reach commercial operation in October 2030 or its CAD7.7 billion (USD5.4 billion) cost, blaming GE Vernova Hitachi's ongoing engineering on the first-of-a-kind design.
US · ▼ Bearish · 11 Nov 12:24 UTC · Trade press
US · ◆ Neutral · 10 Nov 22:54 UTC · Trade press
Constellation reported third-quarter results and announced the first deal for Peak+, which combines new capacity with demand response.
Why this matters: Hybrid capacity and demand response products may give data-centre operators a new way to manage peak power costs.
UK, US · ◆ Neutral · 11 Nov 13:26 UTC · Trade press
The 300 MW/700 MWh Blackhillock BESS in Northern Scotland uses grid-forming inverters typically found in microgrids to let gas plants shut down.
Saudi Arabia · ▲ Bullish · 11 Nov 14:57 UTC · Trade press
Saudi Power Procurement Co. launched a request for qualification for 1.9GW across two projects, with pre-qualification due by 22 November.
US · ▲ Bullish · 11 Nov 12:47 UTC · Trade press
The CPUC ordered the three utilities to jointly propose a DER orchestration framework by October 2027, and to evaluate flexible electric loads.
Why this matters: Flexible load rules in California may ease interconnection for data centres that can shed or shift demand.
US · ▼ Bearish · 11 Nov 00:03 UTC · Trade press
Estimates for the Valley Link package increased by over $2 billion and the in-service date moved back two years.
US · ▼ Bearish · 10 Nov 22:56 UTC · Trade press
PJM's revised estimate puts Valley Link at $5.1 billion and moves in-service dates past 2029, with the cost allocation formula unchanged.
Why this matters: Cost growth and delays in PJM transmission may slow the grid connections that data-centre projects need.
US · ▲ Bullish · 11 Nov 00:00 UTC · Company/PR
The DOE cleared the final hold point for Oklo's Groves-1 reactor in Lockhart, Texas, which reached first criticality in August 2026.
Why this matters: Oklo's clearance may move an advanced reactor closer to commercial use as a future source of firm power for data centres.
Australia · ▼ Bearish · 11 Nov 13:01 UTC · Trade press
The report says no small modular reactors operate commercially anywhere, and hyperscaler nuclear deals total nearly 10 GW of largely non-binding agreements.
Why this matters: Hyperscaler nuclear commitments may prove slower to deliver power to data centres than headline capacity suggests.
US · ◆ Neutral · 11 Nov 02:38 UTC · Trade press
PJM's Market Review Committee heard a first read of rules treating storage as a transmission asset, while Dominion proposed exempting vertically integrated utilities from financial security posting.
Why this matters: Storage classification and security rules may shape how quickly large-load interconnections can be built in PJM.
EU · ◆ Neutral · 11 Nov 13:19 UTC · Trade press
Europe contracted more than 700 MW of hybrid PPAs in 2025, with around 1.1 GW announced in the first half of 2026.
Why this matters: Storage-backed PPA structures may become the template for powering flexible compute loads in Europe.
Australia · ▼ Bearish · 11 Nov 11:51 UTC · Trade press
Cubico lodged a revised application for its 700 MW Marmadua wind project and 200 MW battery in Queensland, with 3,429 pages of further information.
Why this matters: Lengthy state call-in processes for generation projects may extend power timelines for data centre loads in Queensland.
US · ◆ Neutral · 11 Nov 16:07 UTC · Trade press
Utility demand programme enrolment sits around 10% despite roughly 80% of customers wanting help managing energy, and one Midwestern utility scaled capacity four to five times faster after switching to opt-out.
Why this matters: Distributed flexible load from batteries, EVs and thermostats could ease grid constraints for data centre growth, though this is an opinion piece by a vendor.
UK · ◆ Neutral · 11 Nov 06:00 UTC · Trade press
National Grid appointed BAM UK & Ireland to deliver southern converter station works for the 436 km Eastern Green Link 3 between Peterhead and Walpole, subject to consent.
China · ▲ Bullish · 11 Nov 05:00 UTC · Trade press
Output dropped from 120,400 MT in September, ending three months of growth, according to the Silicon Branch of the China Nonferrous Metals Industry Association.
Why this matters: Lower polysilicon output could tighten the wafer supply that feeds solar and may affect power costs for data centres sourcing solar.
US · ◆ Neutral · 11 Nov 00:43 UTC · Trade press
FERC approved tariff revisions creating two subregions in SPP's Western Interconnection footprint and applying its Consolidated Planning Process to newer members.
Why this matters: Regional planning changes in SPP West may affect where transmission for large loads gets built.
US · ▲ Bullish · 10 Nov 23:53 UTC · Trade press
The U.S. Department of Energy issued $50 million to Pacific Power for transmission modernisation across Oregon and Washington.
US · ◆ Neutral · 11 Nov 20:51 UTC · Trade press
China · ▼ Bearish · 11 Nov 09:36 UTC · Trade press
Cumulative net losses for major Chinese solar and polysilicon producers rose to nearly $5.5 billion in 2025, with over 70 companies filing for bankruptcy or liquidation since 2024.
Why this matters: Shakeout in Chinese polysilicon may tighten supply for solar-powered data centre projects.
Australia · ▲ Bullish · 11 Nov 00:53 UTC · Trade press
The Baldon project in southern NSW, with up to 200 MW and 800 MWh of storage, received final approval from the Independent Planning Commission with no merit appeal.
Global · ◆ Neutral · 11 Nov 04:01 UTC · Trade press
Bowen's target aims for 35% of final global energy use from electricity by 2035, against about 23% today, requiring a fourfold acceleration in the electrification rate.
Why this matters: A higher electrification target could increase electricity demand from transport and industry, adding to the load that grids must serve.
US · ◆ Neutral · 11 Nov 01:43 UTC · Trade press
The Market Implementation Committee endorsed a timeline for committing resources in blocks of multiple days ahead of the day-ahead market.
Why this matters: Multi-day commitment rules could change how grid operators plan for large, steady loads such as data centres.
Global · ◆ Neutral · 10 Nov 10:04 UTC · Company/PR
The system detects insulation degradation in medium voltage cables and locates weaknesses before failure.
US · ◆ Neutral · 11 Nov 15:38 UTC · Trade press
PG&E reports circuits using Enhanced Powerline Safety Settings have seen ignition reductions of roughly 65% against prior-year averages, while most utilities have far fewer confirmed ignition events to confirm models.
Austria · ▼ Bearish · 11 Nov 15:10 UTC · Trade press
Austria's final 2026 solar and storage round approved 7,007 of 41,322 applications, with the smallest-system budget gone within 29 seconds of opening.
Global · ◆ Neutral · 11 Nov 12:54 UTC · Trade press
Rosatom submitted a draft SMR carbon credit methodology to the UNFCCC covering reactors up to 300 MW, estimating at least $1 million a year per 100 MW.
US · ◆ Neutral · 11 Nov 10:05 UTC · Trade press
Singulus will deliver a turnkey HJT solar cell line to SpaceX's Bastrop, Texas satellite factory in the first half of 2027.
Global · ◆ Neutral · 11 Nov 01:01 UTC · Trade press
Wood Mackenzie's energy transition outlook predicts the drive for energy security could speed electrification.
Why this matters: Security-led electrification may increase demand for generation that data-centre developers compete for.
REGULATION & POLICY · 15
US · ▼ Bearish · 11 Nov 08:30 UTC · Trade press
Democrats won two Public Service Commission seats in November, while Georgia Power's approved plan calls for nearly 10 GW of new gas plants and batteries to serve data centres.
Earlier: Democrats' state wins could force clean power on data centres in five states (6 November)
US · ▼ Bearish · 10 Nov 18:30 UTC · Newsroom · 26 sources
Earlier: Reports of Chinese spy targeting Nvidia's Huang raise export questions (10 November)
US, China · ▼ Bearish · 11 Nov 19:22 UTC · Trade press
House China committee chairman Moolenaar gave Huang until end of Wednesday to respond to a request about his relations with Megaspeed executive Alice Huang.
Why this matters: A subpoena may follow, creating governance and export-control risk around Nvidia's China business.
Earlier: Reports allege Nvidia sold to Megaspeed and interfered in its investigation (10 November)
US · ◆ Neutral · 11 Nov 10:37 UTC · Trade press
LaCerte criticised PJM's capacity price collar, saying it cannot remain forever, and FERC declined a full rulemaking on DOE's large-load request, requiring each RTO to show its tariffs are just.
Why this matters: Large-load tariff reviews at each RTO could shape how data centre interconnection costs are allocated.
China, India · ▼ Bearish · 11 Nov 17:23 UTC · Trade press
China released draft export curbs on October 16 covering 23 AI-related technologies, including LLMs, AI agents and AI-chip design technology.
US, China · ▼ Bearish · 10 Nov 00:00 UTC · Trade press
US imports averaged 19.3 metric tons a month in the 11 months after the Busan Agreement, against 76.8 tons before China's April 2025 restrictions.
Singapore, Thailand · ▼ Bearish · 10 Nov 22:29 UTC · Trade press
Huang will not accompany Trump to the APEC summit, and the newsletter's commentary argues Nvidia should halt sales to Singapore, Thailand and Malaysia pending a compliance review.
Why this matters: Compliance concerns over chip sales in Southeast Asia may tighten export controls on regional distribution feeding GPU buyers.
Earlier: Nvidia board launched independent probe into foreign spying reports (8 November)
Singapore, US · ▼ Bearish · 11 Nov 01:45 UTC · Newsroom · 4 sources
Earlier: Nvidia board probes Jensen Huang over ties to suspected Chinese spy (9 November)
US, China · ◆ Neutral · 11 Nov 12:00 UTC · Trade press
Trump has allowed Nvidia and other US chipmakers to sell H200 AI chips to approved buyers in China, reversing earlier restrictions.
Why this matters: Continued H200 sales to approved Chinese buyers may keep export policy a live question for Nvidia's China revenue.
Earlier: Nvidia board probes Jensen Huang over ties to suspected Chinese spy (9 November)
US · ▲ Bullish · 11 Nov 00:59 UTC · Trade press
More than 70 senators voted to advance the permitting reform bill past a procedural hurdle, and Heinrich discussed what follows at a Heatmap event.
Why this matters: Permitting reform could shorten timelines for transmission and generation that data-centre power depends on.
Earlier: House moderates push for permitting reform now rather than next Congress (10 November)
US · ▼ Bearish · 11 Nov 13:09 UTC · Trade press
Georgetown's Center for Security and Emerging Technology warned against strategic overreaction in the Jensen Huang espionage case, in an article on its website.
US · ◆ Neutral · 11 Nov 16:16 UTC · Trade press
Australia · ▼ Bearish · 10 Nov 23:51 UTC · Trade press
The regulator issued 10 infringement notices after four NSW and Victorian batteries were offered into FCAS markets with less capacity than they could deliver in 2023 and 2024.
Why this matters: Enforcement on grid-battery performance may raise the compliance bar for storage assets that data-centre developers rely on.
Global · ◆ Neutral · 11 Nov 22:49 UTC · Trade press
Australia and Turkey are pushing a voluntary target to electrify 35% of the world by 2035, up from 20% today.
EU · ◆ Neutral · 5 Nov 19:47 UTC · Company/PR
The EU Battery Passport will require digital traceability for batteries sold in the EU, covering sourcing, carbon footprint and end-of-life handling.
