GoKawiil
Tech News
Anthropic, maker of the Claude chatbot, plans to sell shares priced between $70 and $78 in an initial public offering on the Nasdaq this month, aiming to raise as much as $64bn. The pricing implies a valuation of $1.1 trillion to $1.3 trillion, below the $2 trillion some analysts had earlier forecast.
Meta's advertising revenue rose 26% year-over-year to $63.1 billion in the third quarter, compared with 12% growth to $63.4 billion for Google's Search division. The 14-point gap is the widest in Meta's favor since 2021, as Meta scales AI-driven ad targeting on Facebook and Instagram while Google faces competition from chatbots like ChatGPT, Claude and its own Muse.
Salesforce shares jumped over 20% Thursday, marking its second-best trading day ever, after the company posted stronger-than-expected second-quarter results and unveiled an expanded partnership with Anthropic. The deal includes a new plugin called Claudeforce, which lets sales teams pull data through Anthropic's Claude chatbot, and was announced by CEOs Marc Benioff and Dario Amodei during a CNBC appearance.