Anthropic Draws Investor Offers at Over $800 Billion Value

Watch Scarlet and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF.Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu-Mandeep Singh, Global Tech Research Head at Bloomberg Intelligence, discusses Anthropic. Anthropic PBC has received offers from investors for a new round of funding that could value the company at about $800 billion or higher. The offers would more than double the $350 billion pre-money valuation Anthropic attached to its $30 billion fundraising in February. Anthropic has so far resisted the offers, and it's not clear if the company will accept investors' terms or raise money at an $800 billion value.- Andrea Felsted, Bloomberg Opinion Columnist, discusses Hermès. Hermès shares tumbled as much as 14% as the disruption from the conflict in the Middle East dented the company’s sales growth. growth. Sales rose 5.6% at constant exchange rates in the first quarter, which was less than the 7.44% gain analysts had expected.-- Steve Man, Bloomberg Intelligence Global Autos and Industrials Research Analyst, discusses Stellantis. Stellantis NV is discussing reviving a partnership with Dongfeng Motor Corp. that would involve joint car production in Europe and China. The companies are in talks about giving Dongfeng access to underused Stellantis factories in Europe, with Dongfeng possibly making cars from selected Stellantis brands in China.-Herman Chan, Senior Analyst, US Banks for Bloomberg Intelligence, discusses U.S bank earnings. Bank of America Corp.'s stock-trading desk set a record, riding a wave of volatility that helped push the bank's earnings to the highest in nearly two decades. Morgan Stanley's stock traders had a record-breaking first quarter, with $5.15 billion from equity trading in the first three months of the year. PNC Financial Services Group Inc.'s $4.1 billion acquisition of FirstBank Holding Co. helped drive its revenue higher in the first quarter while impacting credit quality. See omnystudio.com/listener for privacy information.