Venture Chronicle

Business is not luck; it is a system that can be reverse-engineered.

[Venture Chronicle @venturechronicl]

JUST IN: Apple sues OpenAI for allegedly stealing trade secrets.

Apple alleged that OpenAI’s chief hardware officer, Tang Tan, who is a former Apple vice president, has directed Apple employees interviewing at OpenAI to share Apple secrets as part of the interviewing process. Tan is named as a defendant in the suit.

[Venture Chronicle @venturechronicl]

JUST IN: Nigeria has now the world's top performing stock market

[Venture Chronicle @venturechronicl]

META TO START MAKING ITS OWN AI CHIP, CUTTING DEPENDENCE ON NVIDIA AND AMD

Meta is preparing to begin production of its custom AI chip, Iris, this September as it plans to double its computing capacity to 14 GW next year.

Building its own chip could help Meta rely less on Nvidia and AMD while giving it greater control over the AI infrastructure powering Facebook and Instagram.

The push is part of Meta's broader effort to rein in soaring AI expenses, with the company expected to spend as much as $145 billion on AI this year.

[Venture Chronicle @venturechronicl]

China has successfully achieved the first-ever controlled recovery of orbital-class rocket 11 years after SpaceX and Blue Origin achieved same feat.

[Venture Chronicle @venturechronicl]

OpenAI and Google are now selling AI models to Singapore-based subsidiaries of Pentagon-blacklisted Chinese firms Alibaba, Baidu, and Tencent, as reported by FT.

[Venture Chronicle @venturechronicl]

Every time you buy something online, subscribe to a SaaS product, book a ride, or pay a creator, there's a good chance Stripe is quietly working behind the scenes.

But how did two brothers from Ireland build one of the world's most influential technology companies? And why did they decide to solve a problem that almost everyone else ignored?

In this documentary, we explore the rise of Stripe, from its earliest days to becoming a $159 billion fintech powerhouse that powers millions of businesses around the world. You'll discover how Patrick and John Collison reimagined online payments, why developers embraced Stripe, how it challenged banks and legacy payment processors, and what makes infrastructure businesses some of the most valuable companies on Earth.

This isn't just the story of Stripe.

It's the story of the invisible rails that power the modern internet economy.