Anthropic's advancements in AI have sent ripples through the tech market, while Bitcoin struggles and a potential media merger faces scrutiny. Meanwhile, scientists continue to grapple with the complexities of announcing potential discoveries of life beyond Earth.
Shares of software-as-a-service companies like Adobe, Intuit, and Salesforce declined sharply this week after AI company Anthropic released new add-ons to its Claude platform, according to Time. Legacy tech giants with large AI businesses like Microsoft, Amazon, and Google were also affected, with a trillion dollars in market cap wiped out before regaining some ground on Friday. Anthropic cofounder Daniela Amodei, in an interview with ABC News, stated that uniquely human qualities will be more critical in the age of AI, not less. She believes that humans plus AI together create more meaningful, challenging, and high-productivity jobs, opening opportunities for many.
In the cryptocurrency market, Bitcoin experienced a downturn. The original cryptocurrency lost 50% of its value, falling from a high of approximately $125,000 per coin in October 2025 to a low of $61,300, according to Fortune. Shares in Michael Saylor's Bitcoin treasury company, which offers investors exposure to Bitcoin via its stock, fell 17% and are down 75% from their peak last year. At $65,900, the price of Bitcoin is now below the average price the company has paid for acquiring its hoard, $76,000.
The Senate Judiciary subcommittee held a hearing this week on the proposed merger between Netflix and Warner Brothers Discovery, as reported by Fortune. Concerns were raised that Netflix, already the dominant player in subscription video-on-demand, could cement its unrivaled monopoly if the merger is allowed. Chairman Mike Lee expressed worry that Netflix could become the one platform to rule them all, potentially harming consumers and content creators.
In other news, scientists continue to grapple with the complexities of announcing potential discoveries of life beyond Earth. The New York Times ran a major piece in 1906 under the headline, "There Is Life on the Planet Mars," and again in 1996 when NASA announced that chemicals and formations in a Martian meteorite were the fossilized remains of ancient bacterial life, according to Time.
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