Payments friction is a regressive tax on small business. As of this week, a million Lloyds business customers can start accepting payments in minutes, on the same payments infrastructure as the world’s leading companies.
New blog post: The third wave of American philanthropy
Hundreds of billions of dollars in new philanthropic capital will soon become liquid. The OpenAI Foundation holds 26% of OpenAI, worth about $220B at today’s valuation. Anthropic’s seven co-founders have pledged to give away 80% of their wealth and have instituted the most aggressive donor matching program for employees in tech history.
How much does this all add up to? And how meaningful is that in the context of philanthropy today?
I was doing some simple napkin math to wrap my head around the scale of what’s coming, and radicalized myself in the process. I had dramatically underappreciated the scale of the philanthropic capital that’s about to become available and the corresponding gap in talent and organizations that will be needed to make the most of it.
This piece aims to directionally sketch the scale of what’s coming, the gap in operational capacity needed to absorb it, and what we can do to fill it.
(Link to full post in reply)
Excited to be speaking @stripe Sessions this week in SF.
In just 6mo we’ve processed $50M in deposits to Givebutter Wallet and paid out $100k+ in rewards to nonprofits, all powered by Stripe Treasury.
Will be chatting about this & more with @repkramer1 - say hi if you’re here!
1/ today we're releasing muse spark, the first model from MSL. nine months ago we rebuilt our ai stack from scratch. new infrastructure, new architecture, new data pipelines. muse spark is the result of that work, and now it powers meta ai. 🧵
Agent payments will soon overtake human payments on the internet. The Machine Payments Protocol (@mpp) is a new open standard co-authored by @stripe and @tempo.
It’s designed to be extensible and payment-method agnostic, already supporting stablecoins, cards, and more.
Tempo Mainnet is live! Starting today, anyone can build on Tempo through our public RPC endpoints.
Alongside mainnet, we’re introducing the Machine Payments Protocol, an open standard for machine payments.
Everyone says AI will 10x productivity. I’m not convinced it’s making people better.
I’ve started to notice two types of people:
(1) Those who use AI to avoid thinking
(2) Those who use AI to think harder
The gap between them is getting very wide.
Most people are quietly becoming worse.
A huge number of successful founders are also serious writers.
Paul Graham, Patrick Collison, Jason Fried, David Heinemeier Hansson, Jeff Bezos, Steve Jobs, Naval Ravikant, Sam Altman, Tobi Lütke, Marc Andreessen, Ben Horowitz, Chris Dixon, Andrew Chen, Dharmesh Shah, Brian Chesky, Ev Williams, Peter Thiel, Stewart Butterfield, Jack Dorsey, Fred Wilson, Mark Suster, Rob Walling, Tony Fadell, Brad Feld, David Sacks, John Collison, Reid Hoffman, Ray Dalio, Howard Marks, Peter Lynch, George Soros…
That’s probably not a coincidence