Flash News

TREE NEWS update: OpenAI has launched ChatGPT Wallet, letting AI agents buy products using ordinary payment cards rather than cryptocurrency. The product puts OpenAI in direct competition with crypto payment tools from Coinbase and Circle as companies vie to control everyday online shopping by autonomous software. The wallet uses conventional card rails, sidestepping on-chain settlement.

TREE NEWS update: BYD’s fleet of vehicles equipped with advanced driver-assistance systems has surpassed 4.19 million units, with 245,500 of those sold in October, the automaker said on its official account. Its “God’s Eye” driver-assistance system generates more than 260 million kilometers of driving data per day.

TREE NEWS reports: Crypto venture capital has been in a slump for nearly two years and is close to a standstill, a decline that Compound general partner Michael Dempsey traces back to 2024. In an Empire podcast interview, Dempsey said developers who once pursued crypto have moved to artificial intelligence, with funding following them, and contrasted the current climate with 2021, when tech founders rushed into crypto. He also flagged structural problems with token incentives, saying tokenization has real potential but token incentives struggle to align long-term interests.

TREE NEWS update: Cloudflare on Nov. 13 open-sourced Kitesurf, a browser built for AI agents that runs on Cloudflare Workers without a traditional browser container, the company announced. Kitesurf handles HTML parsing, CSS application, in-page JavaScript execution and webpage screenshot rendering, and supports the Chrome DevTools Protocol so users can drive it with existing tools. It requires no Chromium process or container underneath.

TREE NEWS update: Microsoft confirmed it resolved a global outage that it attributed to a network capacity upgrade issue, stating the disruption was unrelated to cyberattacks or AI agents. The company did not disclose the number of users or services affected or the duration of the incident.

TREE NEWS update: Cursor said a tampered Claude Code extension may have reached up to 5,000 users after exposed credentials were linked to an extension attack. The company is urging affected teams to check their machines and rotate any exposed credentials. Cursor did not specify how the credentials were exposed or when the attack occurred.

TREE NEWS update: MegaETH’s parent company has cut 20% of its workforce as part of a restructuring, co-founder Shuyao Kong said. The layoffs affected employees who helped build the project’s blockchain, wallet and ecosystem. The company is also pursuing an AI push alongside the reorganization.

TREE NEWS reports: CITIC Securities said optical interconnect technology upgrades and demand are still evolving, with optical modules accelerating toward higher speeds and optical networks expanding into NPO, CPO and OCS. The brokerage advised investors not to over-trade short-term policy sentiment tied to overseas geopolitical rumors and to focus instead on real global AI computing infrastructure demand. It recommended core leaders deeply benefiting from global AI buildout.

TREE NEWS reports: Anthropic’s planned IPO is said to bar institutions in China and Hong Kong from participating, with some investors exploring offshore bids that may still leave share allocation uncertain. The offering is expected to price on Nov. 18. It was not immediately clear how the restrictions would be enforced or which institutions are affected.

TREE NEWS update: OpenAI said it investigated and took preventive action after staff discussed military AI in a hoax call involving people posing as Russian government officials. The company did not detail changes to how it verifies government contacts. The incident raised questions about how AI labs screen outreach purporting to come from foreign officials.

TREE NEWS update: Microsoft 365 said it has restored service to all remaining customers and regions following an outage, confirming the disruption is now fully resolved. The company did not disclose the number of users affected or the cause of the incident. Microsoft 365 is the cloud productivity suite used by businesses and consumers worldwide.

TREE NEWS update: Senator Rick Scott has asked Nvidia CEO Jensen Huang to appear before Congress on Dec. 3 and Commerce Secretary Howard Lutnick on Dec. 10 to testify on Nvidia export controls. A Commerce spokesperson said Lutnick has agreed to testify voluntarily. The requested appearances concern U.S. restrictions on Nvidia chip exports.

TREE NEWS update: Alibaba said on the evening of Nov. 10 that the Hong Kong Stock Exchange has confirmed it can proceed with a spin-off of wholly owned chip subsidiary Pingtouge (Shanghai) Technology Co. for a separate main-board listing. Pingtouge filed its A1 application confidentially on Sept. 11 and plans an H-share offering. The unit has annualized revenue above 10 billion yuan, and its Zhenwu AI chips have shipped more than 560,000 units, serving over 650 enterprise customers as of June 2026.

TREE NEWS update: Elon Musk confirmed early this morning Beijing time on social media that he is signing a petition calling for Nvidia CEO Jensen Huang to be reinstated. The petition website has drawn more than 14,000 signatures, and its servers are under pressure from a surge in traffic. The petition asks Nvidia to bring its founder back.

TREE NEWS update: China’s National Data Administration held an on-site meeting in Xiamen on the afternoon of Nov. 10 to advance pilot construction of high-quality datasets and data annotation. The agency said it will implement the central government’s decisions on artificial intelligence development and accelerate the growth of the dataset-building and data-annotation industries.

TREE NEWS update: China Securities Regulatory Commission Chairman Wu Qing said the regulator will deepen research into two-way empowerment between artificial intelligence and capital markets, speaking at the 2026 China Capital Market Academic Annual Conference. Wu said the CSRC will study valuation and pricing, disclosure rules and liability determination, data security, client protection and systemic risk, with a focus on guarding against algorithm black boxes, AI cyberattacks and improving the resilience of financial infrastructure to promote safe and standardized AI application.

TREE NEWS update: The Securities Association of China has distributed a notice to securities firms launching a survey on financial digitalization applications, aimed at guiding the industry’s deepening of digital finance, improving accounting quality and upgrading financial functions. The questionnaire divides financial digitalization into five progressive stages and focuses on six financial domains, while flagging AI-related risks as a priority to balance efficiency gains with security.

TREE NEWS update: A public letter demanding Jensen Huang be restored as Nvidia CEO had gathered 19,101 signatures as of 10:00 Beijing time on Nov. 14. The petition calls for Huang’s reinstatement pending an independent investigation, and Elon Musk said he would sign it. Altimeter CEO Brad Gerstner and Atreides CIO Gavin Baker also urged Nvidia’s board to keep Huang’s return on the table.

TREE NEWS update: Solana Foundation released the beta version of Solana Confidential Compute on its developer network, an open-source tool for private AI development that verifies on-chain hardware attestation. Built in partnership with TryNitoAI, the tool lets developers create applications such as personal assistants, agents handling sensitive business data and private trading strategies.