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Is the spy narrative around Jensen Huang already collapsing? @farokh, citing posts from @DavidSacks and @balajis, says the national-security allegations around the Nvidia CEO's exit may not hold, and that the headlines felt ready-made.
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Elon Musk Backs Petition to Reinstate Jensen Huang as Nvidia Logs Its Worst Week Since April 2025. Musk said Friday he's "signing it too," as Nvidia closed at $162.85, down about 12.7% on the week and its steepest weekly drop since early April 2025.
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UPDATE: Microsoft Apologizes for Its Outage, Says It Was "Not Related to Cyber or AI / Agents." The company said an issue during an earlier network capacity upgrade surfaced after a recent network change, that it is seeing "broad recovery and stability," and that a full post-incident report will follow.
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CFTC Sues Arkansas Over Its Kalshi Enforcement, the 11th State It Has Taken to Court. Chairman Michael S. Selig said the CFTC will continue to defend its "sole jurisdiction" over these federally regulated markets, after Arkansas brought a civil enforcement action against Kalshi, a CFTC-designated contract market.
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SEC Proposes Raising the Executive Perks Disclosure Threshold 15-Fold, to $150,000. The proposal would also cut named executive officers to two in most cases, limit median-employee pay-ratio counts to US full-time staff every five years, and is open for comment for 60 days.
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LangChain Raises $300M at a $3B Valuation, Says 7,000+ Organizations Rely on LangSmith. Existing investor CapitalG led the Series C announced Nov. 13, with new investors GIC and DFJ Growth joining IVP and Sapphire Ventures, and Sequoia, Amplify and Benchmark also doubling down.
Today we announced that LangChain raised $300M at a $3B valuation. We think agents will transform the economy, and the companies that own their intelligence will build lasting competitive advantages. That's why we're building LangSmith, the framework-agnostic platform to run, improve, and govern agents. Still so much left to build! More on what’s next: langchain.com/blog/series-c
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Cerebras Posts Record $210.8M Quarter as Cloud Revenue Soars 265%. Cerebras reported record third-quarter GAAP revenue, up 55% from a year earlier, said it now has 700 MW of data center capacity under contract, and guided fourth-quarter core revenue to $310 million–$330 million.
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House Committees Give Huang Until 8 PM EST to Confirm a Dec. 1 Interview or Face a Subpoena. Three House committee chairs gave Jensen Huang until 8 PM EST Friday to confirm a Dec. 1 closed-door interview or face a subpoena, and Commerce Secretary Howard Lutnick agreed to appear before Senate Banking.
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