Stripe declares we're living in the singularity and uses it as a reason not to IPO

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. The article Stripe declares we're living in the singularity and uses it as a reason not to IPO appeared first on The Decoder .