Binance announced on X that Arthur Hayes will join the lineup for Binance Blockchain Week in Bangkok on Nov 28–29.

According to Jin10, the International Atomic Energy Agency said it could not conclude that nuclear material in Iran’s peaceful nuclear activities had not been diverted.

SoftBank has recorded a $3.7 billion impairment on power equipment for U.S. data centers after its bet on small gas turbines failed. According to Sina Finance, the Japanese group had ordered more than 13 gigawatts of generation capacity, enough to supply 11 million homes, including many small turbines that are faster to deliver but more expensive and less fuel-efficient than larger models. The impairment, mainly covering the small turbines, followed founder Masayoshi Son’s misjudgment of the timing of the purchases and directly contributed to an unexpected $7 billion third-quarter loss, people familiar with the matter said. Analysts estimated that the impaired turbines could represent more than 3 gigawatts of capacity, based on equipment costs and the $2.9 billion in prepayments SoftBank wrote off. AI companies have used gas turbines to provide independent power for data centers in recent years. Early orders tended to be smaller, less efficient units for backup or supplemental power; the industry now needs larger, more efficient turbines as primary power sources to meet rising AI computing demand. People close to SoftBank said retaining the equipment under the contracts would cost more over the long term than recording the impairment. SoftBank said the Ports-Pike power plant project remains on schedule and is unrelated to the write-off. SoftBank is developing the plant, which is owned by an entity supported by the U.S. and Japanese governments. It is planned to supply a SoftBank data center that OpenAI has leased for 20 years. The project is financed under a $550 billion U.S.-Japan trade agreement. British media reported in March that SoftBank placed an order worth nearly $10 billion with GE Vernova for hundreds of gas turbines. People familiar with the matter said some of the turbines were intended for the Ports-Pike plant in Ohio, while others were ordered in anticipation of demand from future data centers and possible use in projects not yet identified. SoftBank’s stock has fallen nearly 60% from its June peak amid investor concerns that technology companies’ heavy AI infrastructure spending may not match future demand. Mitsubishi Heavy Industries, one of the world’s three largest gas turbine makers, said cooling enthusiasm for AI could hurt manufacturers of small turbines, while projects led by utilities and using efficient equipment could continue. SoftBank said equipment specifications are evolving and energy supplies are becoming more diversified, while delivery times and equipment and installation costs for current models have improved significantly. It added that stronger-than-expected data center demand and improved earnings in other businesses would more than offset the cost of adjusting its earlier orders. In its results released Tuesday, SoftBank wrote down $2.9 billion of $9.5 billion in total prepayments for power equipment. Another $900 million in losses came from contract changes and settlement payments, bringing the impairment to $3.7 billion. The company said it may recover part of the loss through potential refunds of $2.1 billion.

According to ChainCatcher, Artificial Analysis’ Intelligence Index v5 gives Tencent Hunyuan Hy4 a score of 35, ahead of DeepSeek V4.1 Flash 1017 (max) at about 33. The independent AI analysis firm said the index adds two benchmarks and upgrades three, with 60% of its assessment based on private test sets or withheld answers. Previously provided leaderboard data showed Claude Opus 5.5 (max) in first place with 58 points, followed by GPT-6 Astra (max) with 57 and GPT-6.1 Sol (max) with 55.

There is no such thing as a universal asset; they are simply assets with different roles: US Treasury bonds are like wages, gold is like insurance, and Bitcoin is like options.

After Jensen Huang's resignation, Nvidia has a chairman for the first time. CFO Kress temporarily took over, and Harvey Jones chaired the board of directors. The company is shedding the founder's leather jacket.

Bloomberg reconstructs the final hours before Jensen Huang's resignation: He suffered a mental breakdown, blamed himself, saying "I'm a bad person," and the board held an emergency meeting overnight to decide to ask him to resign.

Where does China stand in the global robotics race? What are its competitive advantages? More importantly, where are the untapped investment opportunities?

Several deals, including Anthropic's multi-billion dollar IPO investment, Figure AI's additional $1 billion, and Nscale's over $5 billion credit guarantee, remain uncertain. Meanwhile, its $500 billion AI funding platform has stalled, with some clients reportedly considering switching to AMD or Google.

We come from decentralization, but in reality we have to come back to reality. Regulation and policy have almost dominated the crypto industry. The dragon slayer ends up becoming the dragon himself. This is the eternal cycle of business.

Jensen Huang's departure even caused a stir among immigrants: in the face of Trump's increasingly stringent visa policies, Huang was one of the few leaders willing to speak out publicly and provide support for foreign employees in the tech industry.

Google officially released Gemini 4 Hydrogen and simultaneously launched the multi-model intelligent scheduling system Orchestrator.

Deutsche Bank has officially launched its cryptocurrency custody service for corporate and institutional clients across Europe, bringing a digital asset project developed over five years into commercial operation.

The impact of Jensen Huang's departure is spreading from Nvidia to the AI ​​industry chain in the US stock market.