# Anthropic IPO, Instacart Sale, Apple Hardware

**Podcast:** TechCrunch Daily Crunch
**Published:** 2026-10-27

## Transcript

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More on Samsung.
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.
Instacart 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.
An Instacart 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.
Now, 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 and Tell 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.
Apple 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.
The 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.
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After 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.
The company says it may not achieve or sustain profitability in the future.
The filing also provided more color on the scale of Anthropik's enterprise business.
As of the end of September, Anthropik 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, Anthropik's governance structure will enable Anthropik's seven co-founders to maintain control once the company goes public.
Dario Amadei, Daniela Amode, 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 Anthropic says is designed to preserve the company's AI safety mission, per the filing.
Anthropik's 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.
Today'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.
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