Stripe Declares We're Living in the Singularity and Uses It as a Reason Not to IPO

Stripe says the singularity has arrived. Here's what they told investors about it.

Stripe executives, including John Collison and Patrick Collison, told investors the singularity is here.David Paul Morris/Bloomberg/Getty ImagesStripe said the singularity, when AI surpasses human intelligence, has already arrived.Stripe executives told investors in a letter that it was already affecting their business.Other tech leaders have also said the singularity is here, but not everyone agrees.Stripe says the singularity already arrived —…

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 u…