Release of US EIA Crude Oil and Natural Gas Inventory Data Delayed
Affected by the U.S. Veterans Day (November 11) holiday, the U.S. EIA crude oil inventory data will be delayed to 01:00 Beijing time on Friday, November 13, while the U.S. EIA natural gas inventory data will be delayed to 23:30 Beijing time on the same day.
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South Korea's KOSPI index closed up 2.6%, with SK Hynix rising 5.36%.
According to Bitget market data, South Korea’s KOSPI index closed up 136.23 points, rising 2.6% to 5375.36 points. SK Hynix gained 5.36%, while Samsung Electronics advanced 3.32%.
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A Republican senator has publicly called for Jensen Huang to resign, while a former economic advisor to Donald Trump has also demanded he step down immediately.
Beating AI News Brief, November 10. U.S. Republican Senator Kevin Cramer told POLITICO in an interview that he is publicly calling on NVIDIA CEO Jensen Huang to resign, citing that Huang’s extramarital affair poses a serious potential blackmail risk—especially given NVIDIA’s possession of highly sensitive AI chip technology. Cramer stated: “The blackmail risk is way too high. I think he has to step down.” Cramer, a member of the U.S. Senate Banking Committee (which is deliberating multiple bills to tighten controls on advanced AI chip exports), added that while NVIDIA’s board launching an internal investigation is appropriate, it is “far from enough.” Earlier the same day, Larry Kudlow—who served as White House National Economic Council director during Trump’s first term—also called out on Fox Business: “Mr. Huang, resign now.” He argued this is the reasonable action Huang should take at present. As the controversy expands, U.S. congressional scrutiny of NVIDIA’s chip exports is accelerating. The Senate Banking Committee is considering three bills: strengthening advanced chip export approvals, tracking the end destinations of chips, and restricting exports of certain semiconductor manufacturing equipment. These bills are being pushed to be included in the annual National Defense Authorization Act, and none have been fully passed yet.
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AI data company Mercor completes $750 million Series D funding round, with its valuation doubling to $20 billion in a year.
Beating AI News Flash: AI data company Mercor announced it has closed a $750 million Series D funding round, valuing the firm at $20 billion, doubling its valuation from October last year. Investors include Nvidia, Salesforce, Zoom, Benchmark, and General Catalyst, among others. Mercor founder Brendan Foody said that as enterprises begin evaluating and training their own AI models, the company grew its annual revenue run rate from $1 million to $3 billion in just 27 months. Mercor primarily recruits professionals such as doctors, lawyers, and programmers to design tasks, evaluate AI responses, and generate training data. Previously, it mainly served model developers including OpenAI, Anthropic, and Google; 91% of its total revenue in the first half of this year still came from such clients. Now, Mercor is expanding its business to large enterprises. It designs AI tests aligned with enterprises' actual workflows, and leverages technology from its prior acquisition of Deeptune to simulate hundreds of enterprise software tools, enabling AI agents to practice repeatedly in near-real-world environments.
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Trader AguilaTrades has a mere 33% win rate in Bitcoin (BTC) trades over the past week, incurring losses of $547,000.
According to TradingBeats' monitoring, trader AguilaTrades has completed 18 BTC trades over the past week, with a win rate of just 33% and total losses of $547,000. He currently holds a 40x leveraged long position of 340.45 BTC, valued at roughly $25.16 million, with a liquidation price of $73,009. Prior data shows his cumulative losses from rollover trading on Hyperliquid since last June stand at $38.2 million.
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Amid personal threats from Iran, U.S. Treasury Secretary Bessent and his family have taken shelter at a U.S. military base.
A senior U.S. government official said U.S. Treasury Secretary Bessent has been relocated to a military base after Iran’s threats against his life reached an unprecedented level. The official added that the threats prompted Bessent and his family to make the move. The Treasury Department confirmed the development, stating that Bessent “will not be intimidated by threats from the Iranian regime” and will continue to lead efforts to financially isolate Iran through sanctions and trade restrictions. (FOX)
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