Here's your afternoon TNB Tech Minute for Friday, November 7th. I'm Julie Chang for the Wall Street Journal.

The tech-heavy NASDAQ has finished its worst week since an April drop triggered by Liberation Day tariffs.

This week, concerns built that the AI frenzy has pushed valuations too high.

Driven by declines inphabet, Tesla, and a variety

of chip stocks, the NASDAQ closed the week down 3%. In global markets, jitters around valuations

for AI-linked stocks were also evident, hitting companies like SoftBank and Samsung.

Meanwhile, shares of Take 2 were down nearly 8% on close.

This comes after the video game developer said it would delay the release of Grand

Thief Auto 6.

Take 2 had previously hoped to launch the game this fall and had already pushed the release

date to May.

Now the company plans to unveil the next iteration of one of its most

popular franchises around mid-November of next year. And Anthropic is expanding its European

presence, opening offices in Paris and Munich, its first offices in France and Germany, respectively.

That will bring the number of its European hubs to five. The AI company already

has offices in London, Dublin, and Zurich. Anthropics expansion comes as customer demand for its

AI chatbot Claude keeps growing in Europe, the Middle East, and Africa. The company said the region

had become its fastest growing one. Anthropic also recently announced it was

opening offices in Tokyo, Seoul, and Bencaluru to expand in Asia. And that's it for your

T&B Tech Minutes today. We'll have another quick tech update Monday morning.