Stripe declares we're living in the singularity and uses it as a reason not to IPO
Industry
Source: THE DECODERPublish time unverified
In a letter to investors, Stripe declares January 1 the "beginning of the singularity" and uses that as a reason to stay private. Not that it needs one: revenue grew 41 percent in the first half of the year, and the company confirmed its $8 billion-plus acquisition of OpenRouter. Declaring the singularity is in vogue right now. Hassabis, Altman, and Musk all say it's already here.