20VC: Andrej Karpathy Joins Anthropic & Anthropic Raises $30BN at $900BN Price | SpaceX Files S1: How Does it Trade | Cerebras Smashes Day 1: What it Means for IPOs | Why Mass Layoffs Are More Worrying Than Anyone Sees

As it's becoming painfully clear now, no one in America, other than us here in California, likes the AI trend. We have people who are brilliant scientists, who politically are utter morons. And the people who are utter morons at AI but brilliant at politics are gonna have us for lunch. At least when Meta was busy destroying the world, they were smart enough to pretend it was all about bringing friends together but not destroying democracy. We're gonna have to reflate and hire thousands and thousands of people protect leader to avoid social unrest. We see no signs that there's a short term crash coming. This is 20 VC with me, Harry Stebbings. It's my favorite show of the week. Rory O'Driscoll, Jason Lemkin, analyzing the biggest news in tech. Starting off, Andre Capathi joins Anthropic and Anthropic Eye, a $900,000,000,000 valuation for their latest fundraise. Then we dig into the public markets. Datadog up 31%, Figma up 12%. What happens from here? Next, we have Cerebras IPO smashes expectations and breaks the $300 mark. And then finally, SpaceX, they set June 12 for the largest IPO in history, 1,750,000,000,000 market cap raising $75,000,000,000. But before we dive into the show today, let me tell you about Omni. It's an AI analytics platform, and it solves a problem every scaling company hits. Your team needs insights, not just data lookups, the stuff that really matters, and it's critical to get it right, like, cut payback periods and net dollar retention. For AI agents to act on your company data, they need your business context, your definitions, your logic, your permissions, and that's what Omni's governed context graph provides. Your data team defines it once, then anyone, your ops lead, your CFO, your PM can ask a question in English and get an answer in seconds. Perplexity, Mercury, and DBT run on Omni, and 20 VC listeners get a free three week trial. Three week, very specific, not a month, but three weeks. Go to omni.co/20vc. That's omni.co/20vc. After Omni helps you find the right customers, Checkout helps you close them. Over the past fifteen years, Guillaume Pozaz has led checkout.com through what he calls the velocity years, a period of hyper growth with relentless product building. The lesson? High growth is a gift, but it demands ruthless focus. As his mother put it, play the game you're good at. For checkout.com, that game is digital payments, obsessing over data, chasing basis points, and compounding learnings over time, and that discipline is paying off. 2025, checkout.com processed over 300,000,000,000 in total volume, up 64% year over year, and returned to full year EBITDA profitability. They now support over a thousand enterprise merchants globally, including 63 that process more than 1,000,000,000 annually with brands like eBay, Vinted, Amex, Asos, and Tmoo. KeyOM's message, though, it's pretty clear. They've earned the right to win anywhere. Now they're investing in innovation across marketplaces, issuing financial experiences and agentic commerce. If you want payments …