Anthropic officially files for its public debut

0:00This is TechCrunch.

0:30and publish in one place at a whole new pace. You get a visual canvas, responsive layouts, a built-in CMS, and agents to help bring your vision to life. No design experience required. I'm thinking about adding a fun little Halloween animation to my website this season. Framer's design tools and agents could help make that idea happen without turning it into a nightmare. See for yourself why thousands are trusting Framer to help build their websites. Learn how you can get more out of your site from a Framer specialist, or get started building for free today at framer.com slash fcdaily for 30 % off a Framer Pro annual plan.

1:06That's framer.com slash fcdaily. Rules and restrictions may apply. This episode is brought to you by ODSC AI. If you're a practitioner working in applied AI and data science, you need to be at ODSC West 2026. You see, it's where thousands of data scientists, ML engineers, AI researchers, and technical leaders are coming together for hands-on training. Now, this is a unique, incredible opportunity to participate in workshops and boot camps taught by experts from companies like Google, OpenAI, Anthropic, Cursor, Hugging Face, and other top companies and universities. It's a way for you to stay ahead of the field, learn from the best, and connect with the community.

1:45ODSE West 2026 is happening October 27th through the 29th in San Francisco and virtually. Now, I think this event will be really cool because it's focused on real-world applications and skills you can use at work. And, I mean, it's massive. With thousands of attendees, this is an awesome networking opportunity. It's great for startups, hiring managers, and AI tool builders. Again, ODSC West 2026 is happening October 27th through the 29th in San Francisco and virtually. So mark your calendar and make your plans now. Go to odsc.ai slash west and use promo code tcdaily for an additional 15 % off your pass to ODSCAI West 2026.

2:25That's odsc.ai slash west and use code tcdaily to get an extra 15 % off the number one AI builders and training conference. Anthropic officially files for its public debut. I'm Imran Shaikh and I'm debuting your daily crunch for Tuesday featuring three big tech headlines. Well, Instacart might sell itself to a larger competitor, according to multiple news reports. You see, the information reported on Friday that the grocery delivery company has hired an investment bank to help it evaluate its options, and that it's held acquisition talks with DoorDash. And Bloomberg reported that the company has also talked to Uber, although Uber reportedly walked away from those discussions.

3:07Instacart currently has a market cap of more than$13 billion, and its stock price is up 25 % for the year to date. The company could see this as a good time to sell at a desirable price before the grocery delivery market gets more competitive. But Bloomberg noted that these are early discussions that might not result in a sale, and Instacart's spokesperson declined to comment. The reports of a potential sale caused the company's share price to spike More than 9.2 % on Friday, while Uber and DoorDash stock declined. On Monday, Apple announced a new iPad Mini with a larger 8.5-inch OLED display.

3:45Now, the tablet features a thinner and lighter design than its predecessor and is powered by an A20 Pro chip. The new iPad Mini starts at$699 for the Wi-Fi and cellular model. The tech giant revealed the new device just days before its Pro Intel event that's scheduled to take place on Wednesday. Now, the new iPad Mini is 5.4 millimeters in thickness and available in two colors. The device delivers peak brightness of up to 1 ,200 nits, more than twice that of the previous generation device, along with full-screen brightness of 600 nits for SDR and HDR content and a 2 ,000 ,000 to 1 contrast ratio.

4:24Apple says the iPad Mini is ideal for dim light environments. The iPad mini also comes with a new nano-texture display option that reduces glare in bright environments, a feature already available on the iPad Pro. The updated tablet now also features a 12-megapixel center stage front camera, faster wireless and cellular connectivity, and fast charge support. It also features an acoustic display that Apple says enhances the audio experience when gaming, watching videos, or editing content. Specially designed woofers integrated into the display deliver deeper bass and higher volume for richer sound, per the company.

5:02The new iPad Mini launches with the next generation of Apple Intelligence and Siri AI, of course, which can draw on a user's personal context to help them find what they need, answer questions, and understand what's on their screen. The iPad Mini has up to 4.5 times faster AI performance than the previous generation, according to Apple. And if that's not all, the A20 Pro also features a 6-core CPU delivering up to 60 % faster multi-threaded performance for everyday tasks such as photo editing and multitasking across apps. The device can be pre-ordered on October 28th with availability beginning November 6th.

5:39This episode is brought to you by Simplify. You worked hard to build a nest egg that will fund your retirement. Now you may be looking for ways to put it to work generating income. Stop waiting for your nest egg to hatch and start enjoying your life. You've earned it. Meet the simplified target 15 distribution ETF, ticker XV. XV was designed for income-seeking investors looking for the potential for higher income than traditional bonds while seeking to reduce downside risk compared with stocks. Now, the fund seeks higher income potential than traditional bonds, seeks to reduce downside risk compared with stocks, and targets a 15 % annualized distribution rate paid monthly.

6:09That means XV offers investors the potential for regular monthly cash flow. But a target is not a guarantee, distributions may vary, and a distribution rate is not the same as an investment return.

6:39After weeks of leaked S1s, Anthropic finally filed for an initial public offering on Monday, setting the stage for one of the most closely watched public debuts in modern U.S. history. You see, Anthropic, which plants the list under the ticker ANT, recorded$16.3 billion for the first half of 2026, up from$1.2 billion in the same period last year, according to the firm's latest SEC filing. That revenue came off the back of an operating loss of$693 million, an improvement from the$2.1 billion in operating losses that Anthropic recorded in the first half of 2025. Anthropic's net loss, however, hit$80.7 billion, which was largely driven by non-cash accounting adjustments tied to convertible debt.

7:28The company says it may not achieve or sustain profitability in the future. The filing also provided more color on the scale of Anthropic's enterprise business. As of the end of September, Anthropic had more than 11 ,900 customers spending$100 ,000 or more annually, 1 ,900 customers spending$1 million or more, and about 250 customers spending$10 million or more. As previously reported, Anthropic's governance structure will enable Anthropic's seven co-founders to maintain control once the company goes public. Dario Amadei, Daniela Amadei, Tom Brown, Jack Clark, Jared Kaplan, Sam McCandlish, and Christopher Ola will make up the founder LLC, which will collectively control 50.1 % of shareholder voting power, a move Anthropix says is designed to preserve the company's AI safety mission, per the filing.

8:20Anthropix Long-Term Benefit Trust, established in 2023 to ensure the company pursues its public benefit mission, will have the authority to appoint most of the company's board. Now, the governance structure is controversial because it means voting power is not proportional to the founder's economic ownership, and therefore, public shareholders will have little practical control over a company building technology that, by its own admission, poses catastrophic or existential risks to humanity. That's us. Anthropic hasn't yet disclosed how much it hopes to raise, nor its proposed share price. And folks, that's your Daily Crunch.

8:57Today's stories were reported by Rebecca Belan, Anthony Ha, Aisha Malik, and more awesome TechCrunch journalists. We'll see you here tomorrow. Same tech time, same crunch channel. And until then, find us at TechCrunch.com.

9:13Brussels clean up nicely at Sweetgreen. Maple glazed, roasted, and edges perfectly caramelized. Sweetgreen's fall harvest is back on the menu. And the season's most overlooked little green vegetable is dressed to be devoured. You know what to do. Order on the Sweet Green app.