BREAKING

Anthropic files confidential IPO with SEC — valuation ~$965B Tech layoffs hit 142,000 in 2026 as AI spending surges to $725B ClickUp cuts 22% of workforce, replaces with 3,000 AI agents Apple iOS 27 to support Anthropic, Google, and OpenAI models Ro Khanna faces tech-funded primary challenge over wealth tax Harvey AI closes $200M round at $11B valuation YC April 2026 directory lists 841 AI startups in Bay Area Anthropic files confidential IPO with SEC — valuation ~$965B Tech layoffs hit 142,000 in 2026 as AI spending surges to $725B ClickUp cuts 22% of workforce, replaces with 3,000 AI agents Apple iOS 27 to support Anthropic, Google, and OpenAI models Ro Khanna faces tech-funded primary challenge over wealth tax Harvey AI closes $200M round at $11B valuation YC April 2026 directory lists 841 AI startups in Bay Area

Week of June 2, 2026

The Valley is on fire.

IPOs, record layoffs, billion-dollar AI rounds, and a congressman fighting the billionaires who made him. This week in Silicon Valley.

$965B

Anthropic valuation

142K

Tech jobs cut in 2026

$725B

Big Tech AI capex

841

YC AI startups · Bay Area