⚡ MARKET RECAP → The S&P 500 (VOO) fell Thursday as AI disruption wreaked havoc on multiple industries.

🏢 AI HAMMERS OFFICE LANDLORDS → AI disruption fears have spilled from software into commercial property, knocking office brokers and landlords sharply lower as investors imagine bots handling deals and weaker demand for desks, but the real thesis still lives in old-school fundamentals: vacancies, debt loads and how much pain higher rates can inflict before AI ever actually moves the needle.

🤖 ANTHROPIC’S $380 BILLION FLEX → Anthropic just raised $30 billion at a $380 billion valuation on the back of surging Claude enterprise demand, turning itself into one of the most richly valued private tech companies on earth — and a poster child for how AI capital is concentrating in a handful of frontier labs while everyone else fights to be the skin on top.

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For the week beginning February 9, 2026

🏢 Office real estate just joined the AI casualty list. Shares of major commercial property services firms and office-focused landlords tumbled double digits as investors suddenly decided that AI-powered tools could eat into white-collar deal work and reduce long-term demand for office space. For names like CBRE, JLL and Cushman, the selloff ranks among their worst days since the Covid-era panic.

🤖 This is the latest stop on the ‘AI scare trade’ tour. After hammering software, legal services, insurance brokers and wealth managers, AI anxiety is now being projected onto any fee-heavy, office-based business model. The fear is that smarter agents and workflow tools can automate big chunks of leasing, valuations and research faster than the market had priced in, even if the actual disruption timeline is still fuzzy.

📉 Reality check: existing headaches still matter more than hypothetical bots. Office owners were already wrestling with work-from-home, high vacancies and higher-for-longer rates before Claude or ChatGPT showed up in a pitch deck. For investors, that means treating this AI downdraft as an accelerant on an existing fire — and using it to sort between overlevered zombies and landlords with strong balance sheets and genuinely irreplaceable assets.

🧠 Anthropic just pulled off a $30 billion mega-round at a $380 billion valuation. The Series G more than doubles its value since late 2025 and ranks among the largest private tech financings ever, second only to rival OpenAI’s monster raise. Backers include sovereign giant GIC, hedge fund Coatue, and a who’s-who of crossover names, cementing Anthropic as a core AI “index” for late-stage capital.

💼 This isn’t vibes; it’s revenue and compute hunger. Anthropic disclosed annualized revenue in the mid-teens of billions, largely from enterprise usage of Claude for coding, knowledge work, and automation — implying a nosebleed but not totally unhinged revenue multiple for hyper-growth infra. The cash will fund an arms race in model training, GPUs, and cloud capacity across partners like Nvidia and Microsoft as Anthropic scales Claude and its agentic “vibe working” stack.

📊 Investor takeaway: capital is crowding into a tiny AI elite. With Anthropic now valued higher than many public software empires, late-stage money is effectively betting that a few frontier labs — Anthropic, OpenAI, and Google — will capture most of the surplus from AI automation. That’s bullish for AI infra and cloud partners, but it also sharpens the bear case that traditional software and data vendors risk becoming thin wrappers on top of a small cartel of foundation-model providers.

Electricity prices rising by double the rate of inflation. Data center demand means no relief ahead, analysts say (CNBC)

Spirit Airlines sells more planes, calls back 500 flight attendants from furlough ahead of spring break (CNBC)

FTC tells Tim Cook to look into reports Apple News is censoring conservatives (CNBC)

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