Forbes Daily Briefing

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.

Read the full story on Forbes: https://www.forbes.com/sites/zacharyfolk/2026/10/29/doordash-will-acquire-instacart-in-17-billion-deal/
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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.

“As the American leader in venture capital, the fate of new technology in the United States rests partly on our shoulders,” Horowitz wrote in a blog post announcing the fundraise. “Our mission is ensuring that America wins the next 100 years of technology. That starts with winning the key architectures of the future—AI and crypto.”

Forgive him if he sounds a bit boastful. After all, America may win the next century but his firm is already one of the winningest tech investors of the past year and decade. It first invested in OpenAI in April 2023 when it was worth $29 billion; the AI giant’s valuation hit $852 billion in March and is expected to go public next year with a valuation north of $1 trillion.

Read the full story on Forbes: https://www.forbes.com/sites/giacomotognini/2026/10/28/billionaires-andreessen-and-horowitz-are-betting-on-pro-ai-politicians-who-could-boost-their-massive-fortunes/
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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.

Forbes estimates that its two most prominent cofounders: CEO Dario Amodei and his sister, Anthropic president Daniela Amodei, are worth $13.6 billion and $13.7 billion, respectively. Each cofounder owns an estimated 1.4% stake.

Read the full story on Forbes: https://www.forbes.com/sites/the-prompt/2026/10/27/inside-anthropics-ipo-prospectus-revenue-losses-and-surprising-details/
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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.

Read the full story on Forbes: https://www.forbes.com/sites/willyakowicz/2026/10/21/inside-the-weed-industrys-ai-data-center-pipe-dream/
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