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DoorDash is acquiring its competitor Instacart for $17 billion, the company announced Thursday. A majority of the deal will be paid in cash and shareholders will have the option to receive cash, DoorDash stock or a combination of both.
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The Claude maker filed for its blockbuster IPO on Monday, revealing $1 trillion in spending over the next two decades on chips and data centers.
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In January, the Silicon Valley venture capital firm Andreessen Horowitz announced it had raised $15 billion in new funds. It was a monster fundraising haul that boosted the 17-year-old firm’s assets to more than $90 billion, nearly double the amount it held in 2024. It also marked an opportunity for the firm’s co-founders, Marc Andreessen and Ben Horowitz, to telegraph their lofty ambitions for how to remake the country—and the world.
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Anthropic filed for its blockbuster IPO on Monday, bringing the AI behemoth closer to what could be the largest public debuts in stock market history. The 335-page filing revealed the Claude maker generated around $16.3 billion in revenue for the first half of the year, up from $1.2 billion a year earlier, but incurred a $80.7 billion net loss for the first half of the year (most of which is due to a non-cash accounting charge). The company touts more than 300,000 enterprise customers, 250 of which spend over $10 million on Anthropic’s products every year. It plans to list under the ticker symbol “ANT” and is on track to go public as soon as mid-November.
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As cannabis prices crash around the country, struggling cannabis companies with big industrial buildings outfitted with power, fiber, water and HVAC systems thought they had a golden ticket to the AI race. But moratoriums, NIMBYISM and power constraints crushed most of their dreams.
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This summer represented a bit of a changing of the guard on the soccer pitch, as exemplified by Spain’s winger Lamine Yamal, who hoisted the World Cup trophy at age 19 by beating Argentine legend Lionel Messi—the very man who had bathed him when he was an infant for a now-viral photoshoot in 2007.
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Elon Musk on Monday announced he plans to give every child in America one share in his aerospace and AI company SpaceX next year, shortly after he criticized rival Anthropic’s plan to pledge 5% of its shares to a public benefit fund and urged the company to distribute its shares directly to the public.
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Tyler Shultz, a former Theranos employee who blew the whistle on the ill-fated biotech company, alleged its founder and convicted fraudster Elizabeth Holmes “misled” Nathan Fielder about the technology her company developed in a key scene in his new documentary, “You Can See Everything.”
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The Chinese-owned social network has run dozens of ads promoting the sale of counterfeit currency. One even directed users to a Telegram account offering a discount code for 10% off fake money: “TikTok10.”
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Stephen Curry was the NBA’s first unanimous MVP, in 2016. The first player to lead the league in 3-pointers four times, then five times, then six and seven and eight times. The first player to launch 10,000 attempts from beyond the arc—and the first to drain 4,000 of them.
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