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Equity

Equity Monday: Everyone loves Anthropic

Equity

TechCrunch

News, Business, Entrepreneurship, Business News, Technology

4.2372 Ratings

🗓️ 25 September 2023

⏱️ 10 minutes

🧾️ Download transcript

Summary

Equity is back from Disrupt and  fired up for the rest of the year. Here’s what Alex got into today: Stocks are not peppy to start the week, while crypto prices have also moderated in recent days. Alex could not not talk about the Cisco-Splunk deal, mostly to promise that he’ll finish that post today come hell or high water. The Amazon + Anthropic news is the biggest item of the day. A $1.25 billion deal that could stretch to $4 billion is no small fee. And with Google and Amazon and Anthropic tied up and Microsoft buddied to OpenAI we could be seeing big tech choosing sides in the LLM model war. Meta is building AI chatbots, while Apple is working to build more stuff in India. To close out, Correcto’s neat round, and the finalists from Startup Battlefield 2023 — more on the winner of Battlefield here. For episode transcripts and more, head to Equity’s Simplecast website. Equity drops at 7 a.m. PT every Monday, Wednesday and Friday, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts. TechCrunch also has a great show on crypto, a show that interviews founders and more! Credits: Equity is produced by Theresa Loconsolo with editing by Kell. Bryce Durbin is our Illustrator. We'd also like to thank the audience development team and Henry Pickavet, who manages TechCrunch audio products. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hello and welcome back to Equity, the Tech Runge Podcast, where we unpack the numbers and the nuance behind the headlines.

0:17.5

This is Alex, good morning. If my voice sounds a little bit tired, that's because last week we were all very busy in San Francisco at

0:24.4

Disrupt. If you want the full skinny on what went down well we have an episode

0:28.4

up from I think Friday going over observations and learnings it's a real deep dive and I really recommend it.

0:34.4

Anyways, today it's September 25th, 2023 and on the show today we have

0:40.0

global markets, Cisco and Splunk, why everyone loves Anthropic, Apple and India, and then a really cool

0:47.4

startup called Correcto.

0:52.0

Starting as we always do with a look at the world of money and stocks today are mixed in Asia where

0:57.7

embattled real estate developer Evergrand continues to emulate. This time it delayed a debt restructuring meeting due to what appears to be weaker than anticipated sales.

1:08.0

Stocks are down sharply in Europe today and are set to fall at the open here in the US. Now that's the bad news. Here's

1:15.6

the good news. Earnings this week, just two names. Too simple on Tuesday and

1:20.8

then Micron Technology this Wednesday. Basically it's a blank

1:24.5

on earnings this week which is great because this is also the very last equity

1:28.6

Monday of Q3 which means next week we'll start Q4 which means well we're right back to the start of

1:36.1

earning season and then from stocks to silly stocks let's talk about crypto

1:41.0

crypto prices are off a bit since we last checked in,

1:44.4

with Bitcoin falling 4.3% in the last seven days

1:48.1

and 2% in the last 24 hours to just over $26,000 per coin.

1:53.4

Ether is off a similar 1.5% today and 5.2% in the last week to about 1570 per token.

2:01.0

And just in case you were curious, I looked it up. The next Bitcoin halving is

2:04.6

two hundred and twenty seven days away. Look forward.

2:07.4

Next up my favorite part of the show what I call big news that matters and the biggest news last week was

...

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