In three lines

Published

1

Nvidia’s board opened an independent investigation after reports that US intelligence regards Jensen Huang as the target of a Chinese intelligence effort, and Huang admitted an affair in a letter to staff.

2

US employers added 165,000 jobs in October against forecasts near 65,000, and futures now put the odds of a Federal Reserve rate rise in December at about 77%.

3

OpenAI received $11bn at a $1.25tn valuation, below its earlier target, while investors in Anthropic’s listing press for a price below $1.5tn.

The Nasdaq has fallen 10.9% from its October peak Nasdaq Composite, daily close, 7 May to 6 November 2026
24,000 25,000 26,000 27,000 28,000 Jun 2026 Jul Aug Sep Oct Nov 24,579

Source: Yahoo Finance. Latest data: 6 November 2026.

The index closed at 27,600 on 6 October and at 24,579 on 6 November. Thursday 5 November brought the sharpest one-day fall of the period, from 25,737 to 24,315.

Yann LeCunTuring Award-winning AI researcher

LeCun separates joint embedding architectures from predictive ones

LeCun explained the mathematical losses behind joint embedding methods and why a predictor helps on asymmetric tasks, and answered critics of weak results in papers using the name.

Francois Cholletcreator of Keras

Chollet says scaling multiplies generalisation and cannot replace it

Chollet argued that data and compute scale up the generalisation power of a method, and that inefficient methods only look adequate while investment is enormous.

Andrej Karpathyco-founder of OpenAI

Karpathy builds a 47,000-video site in one shot with Claude Code

Karpathy said he turned a curated list of YouTube channels into TristanTube, a site with 47,000 videos and a television mode, in minutes with a coding agent.

Greg Brockmanpresident and co-founder of OpenAI

Brockman says test-time compute is becoming the engine of discovery

Brockman wrote that frontier models given substantial compute at inference time are becoming the engine of scientific discovery.

Nvidia board investigates Jensen Huang’s links to alleged Chinese spy

A committee of independent directors will examine reports that US intelligence regards Jensen Huang as the target of a foreign intelligence effort; he admitted an affair in a letter to staff.

· Tom’s Hardware · JournalArta Global

OpenAI raises $11bn at $1.25tn as Anthropic faces IPO pricing doubts

OpenAI received the first $11bn of a round that could reach $20bn, according to Bloomberg, while investors told the Wall Street Journal that Anthropic’s listing may need a price well below $1.5tn.

· RuntimeWire, citing Bloomberg · Hurriyet Daily News, citing the Wall Street Journal

DeepMind agents find two weaknesses in 1024-bit RSA

Google DeepMind said human-guided AI agents weakened padded signatures and batch factoring for legacy 1024-bit RSA; 2048-bit keys are unaffected, and some of the gains are theoretical estimates.

· OfficeChai · RuntimeWire

Latent Sparse Attention cuts the cost of 10-million-token contexts

Kubicek et al. cluster attention keys in a learned latent space so that queries score groups of keys, speeding one attention layer by up to 72.4 times at 10 million tokens.

· arXiv
New on arXiv this week
Optimization

Random Reshuffling for Smooth Convex Optimization: Dominates Stochastic Gradient Descent

Zijian Liu

Random reshuffling is shown to dominate stochastic gradient descent in smooth convex optimisation for any reasonable stepsize after any finite number of epochs, with new algorithm-dependent lower bounds.

arXiv:2611.07406 ·
Probability

Necessary and sufficient conditions for the self-normalized central limit theorem for independent triangular arrays

Li et al.

For rowwise independent triangular arrays, the self-normalized central limit theorem is shown to force negligibility of the largest term, which yields necessary and sufficient conditions and settles a conjecture of Shao.

arXiv:2611.08137 ·
Quantitative finance

A Rough Instantaneous Squared VIX Model for Term Structure and Option Pricing

Yang et al.

A model adding fractional memory to the VIX yields a Mittag-Leffler term structure and a semi-closed-form option price, and cuts out-of-sample option pricing errors, most at high volatility.

arXiv:2611.07120 ·
Economy

Organizing Intelligence

Imas et al.

A model of firms in which humans and AI sort endogenously finds that better AI coordination can break the limit on firm size and produce a phase transition towards concentrated, AI-heavy firms.

arXiv:2611.05417 ·

Tiger Global and Whale Rock post heavy losses in October’s AI selloff

Tiger Global’s flagship fund fell 8.5% in October and Whale Rock’s about 8%, according to Bloomberg, as selling in technology and chip stocks hit crowded AI positions.

· Hedgeweek, citing Bloomberg

Oil slips as Trump calls new strikes on Iran unlikely

Brent settled at $98.32 on Friday and traded near $97.67 early on Monday after Donald Trump said further attacks on Iran would probably not be needed if talks progress.

Brent crude futures, $ a barrel$98.32
Daily closes, 8 May to 6 Nov 2026 · Yahoo Finance
· The Nation

US adds 165,000 jobs in October and a December rate rise looks likely

Payrolls rose 165,000, far above forecasts, and unemployment fell to 4.1%; the CME FedWatch tool then put the chance of a quarter-point Federal Reserve rise on 8–9 December at 76.8%.

US 10-year Treasury yield, %4.86%
Daily closes, 6 May to 6 Nov 2026 · Yahoo Finance
· InvestmentNews · Reuters, via SRN News