Congress Sets December Dates
By Wren Calloway · Friday, November 13, 2026
In The News
Congress set December dates for Jensen Huang this week. The House wants him on December 1. The Senate wants him on December 3.
The chairs of three House committees wrote to Huang on Thursday. They asked him to sit for a closed-door interview on December 1, in private, with a written record. They asked Nvidia’s general counsel, Tim Teter, to sit for the same kind of interview on December 2. Both men must answer in writing by 8 p.m. Eastern tonight, 5 p.m. Pacific, or face subpoenas.
Senate Banking Chairman Tim Scott wrote the same day. He asked Huang to testify at a public hearing on December 3, and Commerce Secretary Howard Lutnick on December 10. He warned Huang of a subpoena if he does not come on his own.
A Commerce Department spokesman said Lutnick has agreed to come on his own for December 10. Scott also asked Commerce Under Secretary Jeffrey Kessler to appear at a House hearing on December 3. Kessler runs the bureau that administers export controls.
Huang has given no public answer to the House request. As of Friday afternoon, neither he nor his lawyers had responded in public.
The dates are requests, not settled appearances. No subpoena has been issued.
Brian Mast, who chairs the House Foreign Affairs Committee, said earlier that Huang had agreed to a briefing before Thanksgiving. That date is still being negotiated, so one appearance could come sooner than December 1.
Two senior Democrats opened a second inquiry on Thursday. Senator Ron Wyden and Representative Richard Neal wrote to Lutnick about the administration’s approval of Nvidia chip sales to Chinese companies, and about its arrangement to take a cut of the revenue from those sales.
The Wall Street Journal reported that senior White House officials are discussing whether Lutnick should be replaced as commerce secretary.
Two Countries Trace the Chips
While Huang waits on Washington, the chips at the center of the case are being traced in Singapore and Malaysia.
In Singapore, a court charged a fifth man over servers that may have carried Nvidia chips. Shi Bingzhe, 34, is a director of Superphi and the chief operating officer of NJ Global Financial. Prosecutors say the two companies bought 917 servers from Aperia International in 41 transactions between May 2024 and February 2025. Aperia International is said to carry Nvidia chips. Shi Bingzhe faces 41 charges. Each one carries up to 10 years in prison and a fine of up to 500,000 Singapore dollars. The case returns to court on January 4.
Singapore’s Home Affairs Ministry said late Thursday that Alice Huang was not investigated for espionage. Police investigated her for suspected false declarations about server purchases during her time as an executive at Megaspeed, a Singapore company under investigation over Nvidia chip purchases, and found too little evidence that she committed any offense connected to the declarations. In Washington, Attorney General Todd Blanche said Thursday that the Justice Department has not reached a conclusion on whether Alice Huang is a spy. China denies it.
In Malaysia, the Trade Ministry said Friday it is working with customs to determine whether AI chips imported by Speedmatrix, the Malaysian unit of Megaspeed, were sent to another country, and whether that complied with the law. The ministry did not say which country. The ministry said it never cleared Megaspeed or Speedmatrix. Prime Minister Anwar Ibrahim said there is no sign the chips left Malaysia, and Malaysia will cooperate with the inquiries. No finding has been made. Trade records show Speedmatrix bought at least $4.8 billion of advanced AI equipment, including Nvidia-chip systems, between June 2024 and February 2026. Megaspeed denies wrongdoing.
The Slide Continues
Nvidia’s shares fell again on Friday. They closed at $162.85, down about 2 percent on the day, after opening higher near $170.
The fall makes six straight weeks of losses, the longest run since October 2012. The company’s market value is below $4 trillion. The shares have fallen by a third from their peak a little more than a month ago.
Three brokers cut their ratings on Friday. Truist moved to Hold and cut its target to $174, from $346. Craig-Hallum moved to Hold and cut its target to $180, from $275. Oppenheimer moved to Perform. Wells Fargo held its overweight rating and a $300 target.
The wider chip market fell with it. AMD fell 10.5 percent by midday and Broadcom fell 5.3 percent, giving back the gains they made on Thursday.
Nvidia reports third-quarter results on Tuesday, November 17. Interim chief executive Colette Kress will run the call.
Anthropic Faces a Lawsuit
Anthropic goes to market next week as a defendant. The company will set the price of its first public share sale on November 18 and start trading on the Nasdaq as ANT on November 19.
Anthropic is selling 825 million shares at $70 to $78 each. The sale could value the company at about $1 trillion. Investors have asked for about six times more shares than are on offer. Seven companies, including Google, Nvidia and Microsoft, have agreed to buy $26 billion more in a private sale alongside it.
The same week, Anthropic is named in a lawsuit filed Thursday in a San Francisco court. Four nonprofit groups ask a judge to bar Anthropic, Google, Meta, OpenAI and the AI division of SpaceX from building or deploying anything more capable than their best AI systems as of November 12. They bring a single claim under California’s law against unfair business practices, arguing the race to build more capable AI systems is a public nuisance. No hearing date has been set. No case number has been published. None of the five companies has answered the claim in court. Meta declined to comment.
Is AI Today’s Flip Phone?
Sundar Pichai, the chief executive of Google, says three years from now today’s AI will look primitive. “It’s like looking at a flip phone,” he said.
Pichai was talking about a change he expects in how the tools work. Content will move between forms, a video becoming a written post, a newsletter becoming a spoken show. And agents will work across devices around the clock, doing jobs while their owners do something else. Engineers, he said, will manage teams of agents.
That is his forecast, not a finding. The tools of today still need a human watching them.
Cast your vote at polls.davanadesign.com/flip-phone. Three years from now, will today’s AI look like a flip phone?
What’s Up With Meta?
Meta’s Muse, an AI assistant, can now make phone calls for paid subscribers in the United States. It makes the calls nobody wants to make, to an insurer, a cable company, the motor vehicles department, or a restaurant for a table. Alexandr Wang of Meta announced it this week.
Cast your vote at polls.davanadesign.com/meta. Would you let an AI assistant make your phone calls for you?
Wars rage on and AI is playing a role.
Ukraine Opens Its Battlefield Archive to Train AI Weapons
The New York Times reported that Ukraine is opening its archive of battlefield footage to defense companies in allied countries, at no charge, to train AI weapons.
The archive is called Avengers Labs. It holds more than five million annotated battlefield frames, most of them drone footage, gathered through Ukraine’s Delta battlefield system. Up to 12 British companies are first in line, under the only agreement reached so far. The companies pay in software. Any firm that trains a model on the archive must license what it builds back to the Ukrainian military. The license carries no human rights clause.
The detection system trained on this data reads more than 100,000 drone video streams a month inside Delta. More than 30 Ukrainian companies are training models on the archive, and three resulting products are in combat use. Most AI drones in this war still need a pilot to confirm the target.
Editorial
Congress set December dates for Jensen Huang's testimony.
Singapore charged a fifth man over servers said to carry Nvidia chips. Malaysia is tracing the chips. Nvidia has lost a third of its value.
A court in San Francisco has been asked to bar five companies from building stronger AI systems than their best AI systems today.
The questions are the builders' own. Where the chips go. What the systems can do. Who answers for what they build. This week, Congress, the courts, and two governments are asking the questions, and setting the dates.
The tools keep changing. This is the week answers begin.