{
  "id": 2028023,
  "title": "Stripe says the singularity has arrived. Here's what they told investors about it.",
  "url": "https://urgent.news/2026/08/19/stripe-says-the-singularity-has-arrived-heres-what-they-told",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-19T21:46:46.000Z",
  "source": {
    "name": "Business Insider",
    "slug": "business-insider",
    "url": "https://www.businessinsider.com/stripe-says-the-singularity-is-here-what-they-told-investors-2026-8"
  },
  "original_language": "en",
  "account": "Stripe executives, including John Collison and Patrick Collison, communicated to investors that the singularity has arrived, according to a letter obtained by Axios. The term singularity refers to the point at which artificial intelligence surpasses human intelligence. In their letter, Stripe's CEO Patrick Collison, president John Collison, and president, technology and business, William Gaybrick, stated that they determined January 1st marked the beginning of the singularity and have since been operating based on this premise. The letter explained that Stripe saw a significant inflection in long-run trends, such as a substantial increase in the rate of new firm creation, which prompted them to take the phase change seriously. This is one of several instances where tech executives have declared the singularity has already occurred, with OpenAI CEO Sam Altman stating in July that they are in the singularity and Tesla CEO Elon Musk declaring on X that they have entered the Singularity in January. However, not everyone agrees with these claims. Some AI experts have previously told Business Insider that they do not align with Altman's perspective. Stripe's letter to investors came as the company announced the acquisition of OpenRouter, an AI model marketplace startup, on the same day. The investor letter outlined Stripe's two main objectives as AI reshapes society: accelerating AI adoption across the economy and ensuring that AI deployment gives people more control over their economic lives. The executives wrote that the singularity has accelerated their core business, and Stripe views it as a growing advantage as they navigate the uncertainties of the singularity. The company remains private and sees this as a growing advantage while venturing into this new era.",
  "summary": "Stripe executives, including Patrick and John Collison, claim the singularity began in 2026, impacting AI adoption and their business strategy.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}