Nvidia’s Jensen Huang Resigns as CEO After Affair With Alleged Chinese Spy
Finance chief Colette Kress becomes interim CEO six days before Donald Trump is expected to meet Xi Jinping at the APEC summit in Shenzhen.
DAILY BRIEF · 10 STORIES
The November 13, 2026 brief
Alibaba Drops 6.8% as US Weighs Blocking Chinese AI Firms’ Offshore Chip Access
MiniMax and Zhipu AI fell further after a report that Washington’s rule would extend chip controls to seven more countries, including Malaysia and Singapore.
Tencent’s Pony Ma Calls Half of Staff to AI-Native Work as Company Denies Layoffs
At Tencent’s 28th-anniversary staff event, Ma likened core units to an army and new AI ventures to a navy; the company had 115,927 employees at June 30.
SMIC’s Third-Quarter Profit Jumps 123% as Factories Run at 97% Capacity
Revenue rose 33.9% to US$3.19 billion as smartphones fell to 14.3% of wafer sales and industrial and automotive chips climbed to 19.3%.
Baidu Brings Its 1,024-Card Tianchi Supernode Forward to 2027 as Kunlunxin M100 Ships
The optically linked system, moved up from 2028 to 2027, targets 5-trillion-parameter models; Kunlunxin’s flagship M300 chip is due the same year.
Baidu Launches a Token Exchange That Rates China’s AI Model Providers
Robin Li says the platform tests each model before listing it, scores sellers on credit and handled over 700 billion tokens a day in its first month.
Nexperia’s China Unit Claims Full Localization as Interim CEO Floats a Reunion
Nexperia China says local supply has cut some delivery times to four to six weeks, two days after Nexperia’s interim CEO said the halves could reunite.
ByteDance’s Doubao Work Opens to DeepSeek, Kimi and GLM Models
Each model now shows a quota multiplier, ByteDance has temporarily cut the rates for Doubao 2.1 Lite and DeepSeek V4.1 Flash, and small tasks run free on Auto.
US Senator Cotton Urges Commerce to Put China’s CXMT on the Entity List
In a November 12 letter to Howard Lutnick, Tom Cotton also asked for a study of banning CXMT memory sales in the US, as its DRAM share hit 10%.
Anker-Backed Robot Startup Amigos Reportedly Shrinks as Its CTO and COO Leave
The Beijing embodied-AI company’s staff has fallen from about 130 to just over 70, and Anker put no new money into it in the first half of 2026.