# Nvidia's CEO Steps Down, a Mars Rover Drills Its 49th Hole, and Zipline Plans 130,000 Drone Deliveries a Day Evening Edition No. 14 · Thursday, November 12, 2026, 8:00 PM ET · Singularity Nightly Covers Wednesday, November 11, 2026, 6:00 PM ET to Thursday, November 12, 2026, 6:00 PM ET Edited by Dennis W. Davis. AI-assisted; see How We Make This: https://singularitynightly.com/how-we-make-this/ > Jensen Huang resigns as Nvidia's CEO and finance chief Colette Kress takes over for now, OpenAI launches Daybreak tools that find and patch security holes, a Falcon 9 flies a secret Space Force mission, NASA's Curiosity drills its 49th hole on Mars, Zipline asks the FAA to fly up to 130,000 deliveries a day in Arizona, the FDA approves a new neck artery stent, the Navy says its first Columbia-class submarine can arrive in 2028, nonprofits sue five AI labs to pause their most powerful models, BlackRock's tokenized fund gets a round-the-clock cash window, and Agile Robots raises $500 million. **Stuck on AI, software or a book?** [Office Hours with Dennis W. Davis](https://denniswdavis.com/office-hours/) is one-on-one help on Zoom with computers, creative software and publishing. Office Hours is run by Wanderlight Inc, which also publishes Singularity Nightly. ## In 60 Seconds - Jensen Huang, who led Nvidia as its chips became the engine of the AI boom, resigned as CEO, and finance chief Colette Kress is running the company while the board looks for a permanent leader. - NASA's Curiosity rover drilled its 49th hole on Mars to study strange crystals shaped like potato chips. - Zipline asked the FAA to let its drones make up to 130,000 deliveries a day across Phoenix and Tucson, a ceiling, not a forecast. - Four nonprofits sued five big AI companies in San Francisco, asking a judge to pause their most powerful new models. ## Lead Signal **Jensen Huang steps down as Nvidia's CEO, and its finance chief takes over for now** ![Nvidia Vera Rubin computing systems, from Nvidia's newsroom](https://singularitynightly.com/img/editions/nvidia-vera-rubin-science-1600.jpg) *Nvidia's Vera Rubin computing systems, from the company's newsroom. Nvidia's chips run many of the AI tools people use every day. Credit: NVIDIA* Nvidia said on Thursday that Jensen Huang has resigned as its president, chief executive and board member, effective immediately, in a [filing with the SEC](https://www.sec.gov/Archives/edgar/data/0001045810/000104581026000082/nvidiaannouncesceotransiti.htm), the agency that oversees the stock market. Colette Kress, the chief financial officer who manages the company's money, is now interim CEO, which means she runs Nvidia for the time being while also keeping her finance job. The board says it will look at people both inside and outside the company for a permanent CEO. Harvey C. Jones, a former chief executive of the chip design software company Synopsys, becomes the company's first-ever board chair, the person who leads the board of directors. The filing did not give a reason for Huang leaving. It came a day after three House committee chairs said they were preparing a subpoena if Huang would not join a closed briefing on Nov. 18, [TechCrunch reported](https://techcrunch.com/2026/11/11/congress-to-call-jensen-huang-in-to-answer-for-alleged-chinese-spy-affair/). Kress joined Nvidia in 2013 after working at Cisco and Microsoft, [Fortune reports](https://fortune.com/2026/11/12/colette-kress-nvidia-cfo-interim-ceo-jensen-huang-fallout/), and Nvidia reports its quarterly results on Tuesday, Nov. 17, at about 4:20 PM ET. Nvidia's stock closed down 4.3% at $166.19 on Thursday, after falling as much as 13% during the day, [The Motley Fool reports](https://www.fool.com/coverage/stock-market-today/2026/11/12/stock-market-today-nov-12-nvidia-ceo-s-stunning-exit-sends-wall-street-lower-as-rivals-surge/). Not investment advice. Lawmakers from both parties are also pushing four bills to tighten export controls on AI chips and the tools that make them, and this Congress ends on Jan. 3, [VOA reports](https://www.voanews.com/a/nvidia-ceo-jensen-huang-resigns-as-us-lawmakers-push-tougher-chip-export-controls/8222967.html). Jones said the board "has full confidence in Colette and the leadership team." > **Why it matters:** Nvidia makes the chips that train and run a large share of today's AI, so who leads it matters far beyond one company. A new boss could change how fast new chips arrive and how Nvidia deals with Washington and China. For now the company says its leadership team stays in place, and a permanent CEO has not been named. ## The Ticker - [AI] Jensen Huang resigned as Nvidia's CEO, and finance chief Colette Kress became interim CEO. [source](https://www.sec.gov/Archives/edgar/data/0001045810/000104581026000082/nvidiaannouncesceotransiti.htm) Not investment advice. - Why it matters: the world's best known AI chip company has a temporary leader. - [AI] OpenAI launched Daybreak, a set of tools that use its AI to find security holes and draft fixes for engineers to approve. [source](https://www.theregister.com/security/2026/11/12/openai-launches-security-products-tells-orgs-theyre-doomed-if-they-dont-use-them/5309500) - Why it matters: defenders could patch software faster than attackers find the holes. - [AI] Anthropic set a price range of $70 to $78 a share for its IPO and is expected to start trading around Nov. 19, CNBC reports, citing people familiar with the plans. [source](https://www.cnbc.com/2026/11/10/anthropic-sets-price-range-of-70-to-78-in-upcoming-ipo.html) Not investment advice. - Why it matters: ordinary investors could soon buy shares in one of the leading AI labs. - [AI] Anthropic's rule barring users and companies based in China took effect on Thursday, TokenPost reports. [source](https://www.tokenpost.com/news/regulation/55545) - Why it matters: AI companies are drawing their own borders around who can use their tools. - [AI] Nebius, which rents out AI computers, said its quarterly revenue rose 571% to $980.8 million. [source](https://www.stocktitan.net/articles/nebius-q3-2026-earnings-revenue-arr-targets) Not investment advice. - Why it matters: demand for AI computing power is still growing very fast. - [AI] Cerebras, which makes dinner plate sized AI chips, said quarterly revenue rose 55% to $210.8 million and expects $940 million to $960 million in core revenue for 2026. [source](https://www.sec.gov/Archives/edgar/data/0002021728/000162828026073366/cbrsannouncesfinancialresu.htm) Not investment advice. - Why it matters: more companies are buying chips built only to run AI. - [AI] Cisco's quarterly revenue rose 24% to $18.5 billion, and it now expects about $9 billion in AI equipment sales to the biggest cloud companies this fiscal year. [source](https://www.prnewswire.com/news-releases/cisco-reports-first-quarter-earnings-302938394.html) Not investment advice. - Why it matters: AI data centers need huge amounts of networking gear to link their chips. - [WILD] Applied Materials, which makes machines that build chips, said quarterly revenue rose 53% to $10.41 billion. [source](https://www.financialcontent.com/article/gnwcq-2026-11-12-applied-materials-announces-fourth-quarter-and-fiscal-year-2026-results) Not investment advice. - Why it matters: more AI chips means more factories, and more of the tools inside them. - [WILD] SpaceX plans more than $74 billion of AI computing sites in Starbase, Texas, and Cochise County, Arizona, TeslaNorth reports. [source](https://teslanorth.com/2026/11/12/spacex-74-billion-ai-texas-arizona) - Why it matters: the Arizona campus alone could use up to 6 gigawatts, as much as several big power plants make. - [LAUNCH] A Falcon 9 launched the secret USSF-627 mission for the Space Force from Vandenberg at 11:36 PM ET Wednesday. [source](https://www.space.com/space-exploration/launches-spacecraft/spacex-launches-2nd-mystery-mission-for-us-space-force-in-6-day-span-photos) - Why it matters: it was the only orbital launch in the world in the last 24 hours. - [LAUNCH] Virgin Galactic said its new spaceship should make its first glide flight in January 2027 and its first commercial spaceflight early in the second quarter of 2027. [source](https://www.financialcontent.com/article/bizwire-2026-11-12-virgin-galactic-announces-third-quarter-2026-financial-results-and-provides-business-update) Not investment advice. - Why it matters: trips to the edge of space for paying passengers are getting closer, but are still months away. - [LAUNCH] ULA's Vulcan is set to return to flight Friday at 12:54 PM ET with 40 Amazon Leo internet satellites, Amazon's largest batch yet. [source](https://www.aboutamazon.com/news/amazon-leo/amazon-leo-vulcan-satellites-launch) - Why it matters: Amazon needs many launches to build its rival to Starlink. - [ORBIT] A Landsat 8 picture shows Scotland's Flow Country, where peat bogs up to 9,000 years old store huge amounts of carbon. [source](https://science.nasa.gov/earth/earth-observatory/scotlands-flow-country/) - Why it matters: peatlands cover 3% of Earth's land but hold more carbon than all its forests. - [ORBIT] Hubble photographed nine galaxies that bend light like lenses, targets for NASA's Roman telescope to hunt clumps of dark matter. [source](https://science.nasa.gov/missions/hubble/nasas-hubble-offers-cosmic-sampler-of-targets-for-roman/) - Why it matters: dark matter is most of the matter in the universe, and nobody has seen it directly. - [ORBIT] Intuitive Machines, which builds Moon landers, reported record quarterly revenue of $269.3 million, about five times a year earlier. [source](https://www.globenewswire.com/news-release/2026/11/12/3401478/0/en/intuitive-machines-reports-third-quarter-2026-financial-results-reports-record-financials-across-the-board-revenue-profitability-positive-cash-flow-and-backlog.html) Not investment advice. - Why it matters: companies that fly to the Moon are starting to run like steady businesses. - [AIR] Archer, which builds an electric air taxi, signed a multi-year partnership with Formula 1 to show its Midnight aircraft at races. [source](https://investors.archer.com/news/news-details/2026/Archer-Partners-with-Formula-1/default.aspx) Not investment advice. - Why it matters: race days with traffic jams are a natural test for air taxi rides. - [MED] The FDA has quietly stopped giving out vouchers that sped some drug reviews to one or two months, Reuters reports. [source](https://www.pharmtech.com/view/fda-shelves-priority-voucher-pilot-stalling-fast-track-drug-reviews) - Why it matters: some promising medicines may now take longer to reach patients. - [MED] China approved Lilly's Foundayo, a daily GLP-1 pill for weight management. [source](https://www.pharmaceutical-technology.com/news/eli-lilly-oral-glp-1-ra-foundayo-nmpa-approval-weight-management/) - Why it matters: a pill is easier for many people than a weekly shot. - [MED] The FDA gave Breakthrough Therapy status to Clarity's copper-based scan agent, which found prostate cancer in 78% of patients against 36% for a standard scan in a 50-person trial. [source](https://www.onclive.com/view/fda-grants-breakthrough-therapy-designation-to-64cu-sar-bispsma-for-psma-pet-in-biochemically) - Why it matters: finding cancer that comes back sooner can change a patient's treatment. - [DEF] Ukraine's President Zelenskyy said Starshield satellite links were disrupted again along the whole front; SpaceX declined to comment. [source](https://www.defensenews.com/global/2026/11/12/putin-lets-europe-join-ukraine-peace-talks-as-kyiv-says-starshield-disrupted-again) - Why it matters: modern armies depend on satellite internet to fly their drones. - [DEF] Poland hired SATIM to use AI to read radar satellite pictures for its military. [source](https://www.defensenews.com/global/europe/2026/11/12/germany-poland-tap-satim-to-analyze-military-satellite-imagery/) - Why it matters: AI can sort thousands of satellite images faster than people can. - [DEF] Britain's Royal Navy plans to fly Northrop Grumman's Talon Blue drone from one of its aircraft carriers in 2027. [source](https://interestingengineering.com/military/talon-a-drone-aboard-uk-aircraft-carrier) - Why it matters: robot jets could fly alongside, or instead of, piloted planes at sea. - [POLICY] The Commerce Department is drafting a rule to stop Chinese firms from renting top AI chips in data centers in seven countries, The Information reports. [source](https://www.techflowpost.com/en-US/newsletter/144292) - Why it matters: renting chips over the internet has been a gap in the export rules. - [POLICY] Britain's Court of Appeal is hearing Getty Images' case that an AI model trained on its photos can itself be an illegal copy. [source](https://www.burges-salmon.com/articles/102o9ee/getty-images-v-stability-ai-court-of-appeal-hearing/) - Why it matters: the answer could decide whether artists can sue over models trained on their work. - [POLICY] China's public comment period on export controls for large AI models and chip designs closes on Sunday, Nov. 15. [source](https://thenextweb.com/news/china-ai-export-controls-draft) - Why it matters: China may soon limit which of its AI models can be shared abroad. - [TOKEN] DTCC, which settles nearly every U.S. stock trade, plans to let eligible stocks and Treasuries be tokenized on the Solana blockchain in the second half of 2027. [source](https://www.coindesk.com/business/2026/11/12/dtcc-adds-solana-to-wall-street-tokenization-plans-targeting-2027-rollout) Not investment advice. - Why it matters: a public blockchain joins the plumbing of Wall Street. - [TOKEN] Visa added Western Union's USDPT stablecoin, issued by Anchorage Digital Bank, to its payment settlement network. [source](https://www.theblock.co/news/business/2026-11-12-visa-adds-western-unions-usdpt-stablecoin-to-its-settlement-network-in-anchorage-tie-up-438520) Not investment advice. - Why it matters: money sent across borders could settle any day of the week. - [TOKEN] SoFiUSD, a stablecoin issued by a national bank, went live on the Polygon blockchain. [source](https://www.theblock.co/news/ecosystems/2026-11-12-sofiusd-goes-live-on-polygon-as-bank-issued-stablecoin-expands-reach-438542) Not investment advice. - Why it matters: digital dollars from regulated banks are spreading to more networks. - [TOKEN] Tokenized real-world assets slipped to $39.84 billion, from $39.87 billion on Wednesday, per RWA.xyz. [source](https://app.rwa.xyz/) Not investment advice. - Why it matters: the total has held near $40 billion all week. ## The Desks ### AI Models **OpenAI launches Daybreak, AI tools that find software holes and draft the fixes** ![Illustration of computer code sealed by a green shield](https://singularitynightly.com/img/editions/daybreak-patch-shield-1376.jpg) *Glowing lines of computer code being sealed by a soft green shield. Credit: Illustration: Singularity Nightly (AI-generated)* OpenAI on Thursday launched Daybreak, a set of security products built on its AI, at an event called Cyber at the Frontier, [The Register reports](https://www.theregister.com/security/2026/11/12/openai-launches-security-products-tells-orgs-theyre-doomed-if-they-dont-use-them/5309500). OpenAI president Greg Brockman gave the keynote at 1:00 PM ET. Daybreak Red Team, now in early access, attacks a company's web apps on purpose to find weak spots, the way a hired "red team" of friendly hackers would, and checks bug reports and patches. Daybreak Defense Factory runs agents, AI helpers that carry out tasks on their own, powered by GPT-6 Cyber. They look for flaws in a company's code and write fixes ready to be merged, and human engineers approve each one before it goes in. Nancy Wang, who leads OpenAI's applied AI work for security, described the goal as a "superhuman pen-test at the scale of automated continuous scanning." A pen test, short for penetration test, is a practice break-in that companies usually run once or twice a year. OpenAI did not share prices. > **Why it matters:** criminals already use AI to find holes in the software that runs banks, hospitals and power companies. Tools that find and patch those holes all the time, not once a year, could keep more of everyone's data safe. These are new products, and how well they work in real companies is still to be seen. ### Launches **A Falcon 9 flies a secret Space Force mission from California, the second in six days** ![Illustration of a rocket lifting off from a coastal pad at night](https://singularitynightly.com/img/editions/falcon9-ussf627-night-1376.jpg) *A rocket climbing from a coastal launch pad into the night sky. Credit: Illustration: Singularity Nightly (AI-generated)* A SpaceX Falcon 9 rocket lifted off from Vandenberg Space Force Base in California at 11:36 PM ET on Wednesday with the USSF-627 mission for the U.S. Space Force, [Space.com reports](https://www.space.com/space-exploration/launches-spacecraft/spacex-launches-2nd-mystery-mission-for-us-space-force-in-6-day-span-photos). [Launch Library 2](https://ll.thespacedevs.com/2.3.0/launches/previous/?net__gte=2026-11-11T23:00:00Z&mode=list), a public database of launches, lists it as a success. The booster, the reusable first stage, was flying for the 7th time and landed on the drone ship Of Course I Still Love You, a robot landing barge in the Pacific Ocean, about 8.5 minutes after liftoff. The government has not said what the rocket carried. Space.com says some experts guess it carried Starshield satellites, SpaceX's line of military satellites, but that is a guess. It was the second secret Space Force launch from Vandenberg in six days, after USSF-432 on Nov. 6, the 120th Falcon 9 flight of 2026 and the 15th for national security this year. It was the only orbital launch in the world in the last 24 hours, and the 263rd of 2026. > **Why it matters:** the military now leans on reusable rockets to put its satellites up quickly and often. Landing the booster to fly again keeps the cost of each launch down. What this mission carried stays classified. ### Satellites and Orbit **NASA's Curiosity rover drills its 49th hole on Mars to study crystals shaped like potato chips** ![Chip-shaped crystal forms in Martian rock seen by Curiosity](https://singularitynightly.com/img/editions/curiosity-nazca-chip-crystals-480.jpg) *Thin, chip-shaped crystal forms in Martian rock, photographed by Curiosity's close-up camera on Nov. 7, 2026. Credit: NASA/JPL-Caltech/MSSS* NASA's Curiosity rover, which has been exploring Gale Crater on Mars since 2012, finished its 49th drill hole, a target the team named "Nazca," [NASA's mission blog reports](https://science.nasa.gov/blog/curiosity-blog-sols-5063-5069-rocks-and-chips/). The rocks there hold thin crystals shaped a bit like potato chips, and the team wanted to learn what they are made of. Curiosity dropped powder from the hole into SAM, a small onboard laboratory that heats samples and sniffs the gases that come off. It also fired its ChemCam laser, which zaps rocks from a distance to read what elements they contain, at targets named "Ahi Veremos," "Colca" and "Bermejo." At night, its close-up camera, called MAHLI, used its own lights to photograph the crystals. The team also caught Phobos, one of Mars's two small moons, passing in front of the Sun, and a large dust devil, a spinning column of dust. Planetary scientist William Farrand wrote that "a key objective has been to better characterize these chip-shaped features." Next, Curiosity drives away to rejoin its route to the south. > **Why it matters:** every rock Curiosity studies adds a piece to the story of how Mars changed from its early days to the cold desert it is now. A rover that is still drilling more than a decade after landing shows how long well-built machines can explore. The lab results will take weeks. ### Air Mobility **Zipline asks to fly up to 130,000 drone deliveries a day across Phoenix and Tucson** ![Zipline's Platform 2 delivery droid in its loader](https://singularitynightly.com/img/editions/zipline-droid-loader-2000.jpg) *Zipline's delivery droid, the small pod its drones lower to the ground, in its loader, from the company's press images. Credit: Zipline* Zipline, which delivers packages by drone, wants to expand across Phoenix and Tucson, Arizona, and the FAA has published a draft environmental assessment of the plan, [DroneLife reports](https://dronelife.com/2026/11/12/zipline-arizona-drone-delivery-expansion/). An environmental assessment is a review U.S. agencies must do before approving a big project, to check its effects on noise, wildlife and neighbors. The plan would allow up to 130,000 drone deliveries a day, but the FAA document says that number is the most the system could handle, not how many deliveries are expected. It includes 130 charging sites and 2,600 drop boxes, the spots where packages are lowered. Zipline asked to fly around the clock, with about 95% of flights between 7:00 AM and 10:00 PM. The public can send comments to the FAA until early December; the draft says Dec. 7 and the FAA's web page says Dec. 9. The FAA has not decided yet. > **Why it matters:** in a hot, spread-out region, a drone could bring medicine or dinner in minutes without a car trip. This review is how neighbors get a say before drones fill the sky over their homes. It is a proposal, and approval would come only after the comments are read. ### Medicine **The FDA approves a new stent that keeps neck arteries open to help prevent strokes** ![Illustration of a mesh stent inside an artery](https://singularitynightly.com/img/editions/cguard-prime-artery-stent-1376.jpg) *A fine mesh tube holding open a glowing artery. Credit: Illustration: Singularity Nightly (AI-generated)* The FDA approved InspireMD's CGuard Prime stent system for a procedure called transcarotid artery revascularization, or TCAR, [the company announced](https://www.globenewswire.com/news-release/2026/11/12/3402142/0/en/inspiremd-announces-fda-approval-of-the-cguard-prime-transcarotid-stent-system-for-transcarotid-artery-revascularization-tcar-procedures.html) at 4:01 PM ET on Thursday. The carotid arteries are the two big blood vessels in the neck that feed the brain, and when fatty buildup narrows them, bits can break off and cause a stroke. A stent is a small mesh tube that holds the artery open. In TCAR, doctors place it through a small cut at the base of the neck, and they briefly reverse the blood flow so loose bits are carried away from the brain instead of into it. The approval covers patients at high risk from the older surgery that scrapes the artery clean. In the CGUARDIANS II trial of 50 patients at 11 hospitals, the device worked as intended every time, and in the first 30 days no patient died, had a stroke or a heart attack, or got a clot in the stent. CEO Marvin Slosman said the company is "providing patients and physicians with this next-generation stent." > **Why it matters:** narrowed neck arteries cause many strokes, and some patients are too frail for open surgery. A small cut and a fine mesh tube give them a gentler option. It is approved now, though the trial was small and bigger studies will show how it does over years. ### Defense **The Navy says its first Columbia-class submarine can be delivered in 2028** ![Illustration of a submarine hull in a shipyard hall](https://singularitynightly.com/img/editions/columbia-sub-shipyard-hall-1376.jpg) *A large submarine hull taking shape inside a shipyard hall. Credit: Illustration: Singularity Nightly (AI-generated)* The first of the Navy's new Columbia-class submarines, the District of Columbia, can be delivered in 2028, Vice Adm. Rob Gaucher said on Thursday at the Naval Submarine League's symposium, [Breaking Defense reports](https://breakingdefense.com/2026/11/delivering-first-columbia-class-sub-in-2028-is-absolutely-achievable-sub-czar-says/). The Columbia class are ballistic missile submarines, nuclear-powered boats that carry long-range nuclear missiles and will replace the Ohio-class subs that do this job now. Gaucher is the Pentagon's first official put in charge of all submarine building, a job sometimes called the sub czar. The first boat was once due in 2027, and in 2025 the Navy warned it could slip to 2029. By February 2026 it was about 65% built, and the second boat, the future Wisconsin, about 35%. In April, Gaucher had called the 2028 goal a heavy lift; on Thursday he called it "absolutely achievable." > **Why it matters:** a late first boat could leave the Navy short of submarines as the older Ohio-class boats retire. Hitting 2028 would show that America's shipyards can build complex ships closer to schedule. It is a goal, and the boat still has to finish construction and sea trials. ### Law and Policy **Nonprofits sue five AI companies to pause their most powerful new models** ![Illustration of a gavel beside a glowing computer chip](https://singularitynightly.com/img/editions/court-gavel-ai-pause-1376.jpg) *A wooden gavel resting beside a glowing computer chip. Credit: Illustration: Singularity Nightly (AI-generated)* Four nonprofit groups sued Anthropic, Google, Meta, OpenAI and SpaceX's AI business, which the suit calls SpaceXSI, on Thursday in the Superior Court of California in San Francisco, [Public Citizen announced](https://www.commondreams.org/newswire/coalition-of-nonprofits-files-landmark-lawsuit-to-stop-development-of-advanced-ai-systems-at-anthropic-google-meta-openai-and-spacexsi-that-proliferate-bioweapons-and-cyberattacks). The groups are the Irreplaceable Education Fund, Public Citizen, Heat Initiative and The Alliance for Secure AI, and their lawyer is Matthew Platkin, a former attorney general of New Jersey. They are asking for an emergency injunction, a court order given before a full trial, to stop the companies from building models more capable than the ones they have now, until the companies can show the technology is under human control. The suit leans on California's Unfair Competition Law, which lets courts stop business practices that are unlawful or unfair, and says the most advanced models raise the risk of bioweapons and cyberattacks, the [Washington Examiner reports](https://washingtonexaminer.com/policy/technology/4801401/nonprofit-sue-five-ai-developers-freeze-new-models). These are the groups' claims, and a judge has not ruled on them. The companies did not immediately respond to requests for comment, [CBS News reported](https://www.cbsnews.com/news/advocacy-groups-sue-ai-companies/). Phil Aroneanu of the Irreplaceable Education Fund said "we must freeze frontier AI development." Disclosure: Singularity Nightly is drafted with help from Anthropic's Claude. We cover Anthropic like any other company. > **Why it matters:** courts are becoming a new place where people argue over how fast AI should move. A ruling for the groups would be the first time a judge ordered AI makers to stop building. Lawsuits like this often take months or years, and the companies will have their turn to answer. ### Tokenized Assets **BlackRock's tokenized fund gets a window to swap for digital dollars at any hour** ![Illustration of two coins trading places under a clock](https://singularitynightly.com/img/editions/buidl-anytime-swap-1376.jpg) *Two glowing coins trading places under a night sky clock. Credit: Illustration: Singularity Nightly (AI-generated)* Securitize and Ethena opened a facility that lets eligible investors in BUIDL, a BlackRock fund whose shares live on a blockchain, swap them for stablecoins at any hour, [Securitize announced](https://www.prnewswire.com/news-releases/securitize-and-ethena-launch-100-million-liquidity-facility-for-blackrocks-buidl-302937776.html) on Thursday. A stablecoin is a digital token meant to stay worth one dollar, such as USDC. BUIDL holds safe, short-term investments, and [The Block](https://www.theblock.co/news/ecosystems/2026-11-12-securitize-ethena-buidl-liquidity-facility-live-usdc-438442) describes it as a $2.4 billion fund. The facility, called a liquidity facility because it keeps cash ready for quick swaps, starts with $50 million, half in USDC and half in BUIDL. Up to $50 million more can be added within about an hour, for a top of $100 million, though the company says the full amount is not always sitting there. Investors can also swap back. Guy Young of Ethena said "institutional liquidity needs to keep pace" with markets that never close. Not investment advice. > **Why it matters:** banks and funds usually close for nights and weekends, but blockchains do not. A way to turn a fund into cash at 3 AM on a Sunday makes tokenized funds act more like money. It is open to approved big investors, not the general public. ### Wildcard **Agile Robots raises $500 million to build humanoid robots in Germany** ![Agile Robots' Agile ONE humanoid robot](https://singularitynightly.com/img/editions/agile-robots-agile-one-1200.jpg) *Agile Robots' Agile ONE humanoid robot, from the company's press images. Credit: Agile Robots* Agile Robots, a robotics company based in Munich, Germany, raised $500 million in a Series F, a company's sixth big round of outside money, at a value of $8.5 billion, [Humanoids Daily reports](https://www.humanoidsdaily.com/news/agile-robots-500-million-series-f-softbank-8-5-billion). SoftBank led the round, with Nvidia, Hitachi and T.Capital joining, [Reuters reports](https://www.tradingview.com/news/reuters.com,2026:newsml_L6N46T0P3:0-softbank-nvidia-back-germany-s-agile-robots-at-8-5-billion-valuation/). The company has now raised $2 billion in all, has more than 3,500 workers and more than 20,000 robot systems installed. Its factory in Fürstenfeldbruck, near Munich, can build up to 10,000 humanoids a year, robots shaped roughly like people, some with legs and some on wheels. Its humanoid for factories is called Agile ONE. CEO Zhaopeng Chen said: "See you on the factory floor and in your home." Not investment advice. > **Why it matters:** many factories cannot find enough workers for tiring, repetitive jobs. Robots that can work where people work could fill those gaps and make more things at home in Europe. Robots in ordinary homes are still a goal, not a product you can buy. ## Watch [Video: Moonshots with Peter Diamandis, No. 310 (Nov. 11): the hosts talk about Nvidia's leadership, Anthropic's IPO week and Elon Musk's plan for a robot workforce (opinion).](https://www.youtube.com/watch?v=ILQwMvCA2_o) [Video: Boston Dynamics (Nov. 9), in case you missed it: the Atlas humanoid rolls and balances, and the team explains how it was trained.](https://www.youtube.com/watch?v=NL65Awuv8gU) ## Voices - Elon Musk, asked whether Tesla would hire Jensen Huang, replied "That would be an honor." [source](https://www.notateslaapp.com/news/4992/tesla-to-hire-nvidia-ceo-musk-says-it-would-be-an-honor) (opinion) ## By the Numbers - 49: holes Curiosity has drilled on Mars. [NASA](https://science.nasa.gov/blog/curiosity-blog-sols-5063-5069-rocks-and-chips/) - 1: orbital launches worldwide in the window; 263 in 2026. [Launch Library 2](https://ll.thespacedevs.com/2.3.0/launches/previous/?net__gte=2026-11-11T23:00:00Z&mode=list) - 130,000: the most drone deliveries a day Zipline's Arizona plan would allow. [DroneLife](https://dronelife.com/2026/11/12/zipline-arizona-drone-delivery-expansion/) - 50: patients in the trial behind the CGuard Prime approval, at 11 hospitals. [InspireMD](https://www.globenewswire.com/news-release/2026/11/12/3402142/0/en/inspiremd-announces-fda-approval-of-the-cguard-prime-transcarotid-stent-system-for-transcarotid-artery-revascularization-tcar-procedures.html) - 65%: how complete the first Columbia-class submarine was in February. [Breaking Defense](https://breakingdefense.com/2026/11/delivering-first-columbia-class-sub-in-2028-is-absolutely-achievable-sub-czar-says/) - 571%: Nebius's revenue growth from a year earlier. [Stock Titan](https://www.stocktitan.net/articles/nebius-q3-2026-earnings-revenue-arr-targets) Not investment advice. - $18.5 billion: Cisco's quarterly revenue, up 24%. [Cisco](https://www.prnewswire.com/news-releases/cisco-reports-first-quarter-earnings-302938394.html) Not investment advice. - $8.5 billion: Agile Robots' value after its new round. [Humanoids Daily](https://www.humanoidsdaily.com/news/agile-robots-500-million-series-f-softbank-8-5-billion) Not investment advice. - $100 million: the most the new BUIDL swap window can hold. [Securitize](https://www.prnewswire.com/news-releases/securitize-and-ethena-launch-100-million-liquidity-facility-for-blackrocks-buidl-302937776.html) Not investment advice. - $39.84 billion: tokenized real-world assets, excluding stablecoins. [RWA.xyz](https://app.rwa.xyz/) Not investment advice. ## Tomorrow's Watchlist - Fri Nov. 13: ULA's Vulcan returns to flight with 40 Amazon Leo satellites, 12:54 PM ET; Starship Flight 15 tries to catch both its booster and its ship, window 5:45 to 7:00 PM ET, pending its FAA license; a Russian Soyuz launches the Kinosputnik satellite, about 7:50 PM ET. - Sat Nov. 14: Rocket Lab's Electron launches a radar satellite for iQPS, 12:30 AM ET; FDA decision due on Summit's lung cancer drug ivonescimab; ObesityWeek opens; a Falcon 9 launches USSF-317 from Vandenberg, 10:55 PM ET. - Sun Nov. 15: China's comment period on export controls for AI models closes. - Tue Nov. 17: Nvidia reports quarterly results at about 4:20 PM ET, its first under interim CEO Colette Kress. - Wed Nov. 18: Senate committee vote on FDA nominee Heidi Overton; Anthropic's IPO is expected to price; Voyager 1 reaches one light-day from Earth. --- Source: https://singularitynightly.com/editions/2026-11-12-evening-14/ License: CC BY 4.0 (https://creativecommons.org/licenses/by/4.0/) Cite: Singularity Nightly, "Nvidia's CEO Steps Down, a Mars Rover Drills Its 49th Hole, and Zipline Plans 130,000 Drone Deliveries a Day", Thursday, November 12, 2026, https://singularitynightly.com/editions/2026-11-12-evening-14/. CC BY 4.0.