The day in tech.

Nvidia's board prepares Wednesday to dismiss CEO Jensen Huang over alleged extramarital affairs, ending his 33-year reign. The move threatens America's AI race despite 2026 revenue of $215.9 billion. Colette Kress could serve as interim chief executive while analysts suggest Ian Buck as internal candidate. Board meeting scheduled for Thursday. Law firm Wachtell Lipton Rosen Katz hired to investigate.

The European Commission announced sweeping updates to consumer law on Wednesday, banning dark patterns and curbing dynamic pricing for ticket retailers. Fines reach up to 6% of global turnover, with estimated 88.4 billion euros in reduced consumer detriment over the decade. The law replaces the 2005 Unfair Commercial Practices Directive.

Nvidia shares fell nearly 10% as reports alleged CEO Jensen Huang's relationship with a Chinese spy facilitated $7.5 billion in chip shipments. The scandal wiped out $430 billion in market value, dropping shares 5.5% on Monday and 4.3% on Tuesday, while the FBI examines if Huang was targeted in a foreign intelligence operation.

In January 2026, the Trump administration allows case-by-case exports of Nvidia H200 chips to China, reversing prior controls. Commerce Secretary Howard Lutnick initially stalled the move, but President Trump insisted on execution after consulting Elon Musk and meeting with officials.

Senators Elizabeth Warren and Chris Coons demand the Trump administration preserve Nvidia chip export records by January 12, 2026. They allege CEO Jensen Huang facilitated at least $7.5 billion in shipments to China. Nvidia shares fell more than 4% in November 2026 amid the controversy.

Anthropic opens its Australian IPO on Wednesday at 10 a.m., aiming to raise $64.4 billion with a separate $26 billion private placement totaling $90.4 billion. Shares price between $70 to $78 each, closing Nov. 17. This launch occurs as Australia tightens AI oversight following an OpenAI breach of Medicare data.

Mercor secures $750 million in Series D funding at a $20 billion valuation on November 10, doubling its worth from October 2025. Backers include Nvidia, Salesforce, and Benchmark. The firm plans to sell AI training services to companies beyond frontier labs. Its network exceeds five million experts, and it acquired Deeptune Inc. in July.

Singapore police opened an investigation into Megaspeed in October 2025 over suspected breaches of domestic law. The firm, a Singapore-based cloud computing firm, operates data centers across Southeast Asia and is linked to Nvidia chip shipments.

House Republicans subpoena Nvidia CEO Jensen Huang for a closed-door briefing by November 11 regarding security protocols against foreign espionage. Nvidia confirms an independent investigation into CEO allegations involving suspected spy Alice Huang and a second affair with executive Kimberly Powell.

Google launches the Gemini AI chatbot on Apple CarPlay globally starting November 11, 2026. Users must enable microphone permissions and maintain at least one Gemini Live session on their iPhone to access the feature. The integration supports context retention and device syncing but lacks deep permissions for controlling music or climate settings.