Equity breaks down rising AI layoffs, the AI agents reshaping hiring, and why Box CEO Aaron Levie thinks Silicon Valley may be suffering from “AI psychosis.” Plus, Waymo's new robotaxi and the week's biggest startup deals.
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naddr1qv…e9wsDoes your CEO have AI psychosis? Aaron Levie thinks most of them do. Box founder Aaron Levie suggests that decision-makers implementing AI to replace jobs may not fully understand those roles, a phenomenon he terms 'AI psychosis.' This comes as tech layoffs surge, with ClickUp cutting 22% of its workforce for AI agents, and users increasingly favor search engines that don't push AI. The TechCrunch Equity podcast episode delves into these AI-related issues, alongside updates on Waymo's robotaxi service, significant funding rounds for Snowflake, Stord, and OpenRouter, and the evolving landscape of hiring due to AI agents. - Box founder Aaron Levie believes AI decision-makers often lack understanding of the jobs they aim to replace. - Tech layoffs in 2026 are accelerating, with ClickUp notably reducing its workforce by 22% for AI agents. - DuckDuckGo is experiencing an increase in installations as users seek alternatives to Google's AI-integrated search. - The TechCrunch Equity podcast discusses the tension between AI enthusiasm and skepticism, Waymo's new robotaxi, and notable startup deals. - Key deals mentioned include Snowflake's $6 billion agreement with AWS, Stord's $250 million raise at a $3 billion valuation, and OpenRouter's $113 million raise. - The impact of AI agents on hiring practices is reshaping the job market beyond just headcount reductions. Continue reading https://techcrunch.com/podcast/does-your-ceo-have-ai-psychosis-aaron-levie-thinks-most-of-them-do/