OpenAI Wants to Delay Its IPO, Binance Is Getting Kicked Out of Europe, WorldPay Is Down;
On The Ground by OTG TEAM
Episode notes
WorldPay went offline during England vs Ghana. Pubs, restaurants, Tesco — none of them could take card payments for hours. Transaction volumes in bars were up 148% that day. The cause was a third-party power grid disruption. Cash lines formed.
OpenAI is pushing its IPO to 2027. Sam Altman won't go public below a $1 trillion valuation while burning $21B a year and paying Google, Microsoft, and AWS for the compute it needs to compete against them.
Airwallex raised $320M at $11B, up from $8B in December. Revenue grew 74% to $1.3B annualized. A Ramp board member publicly called it a Chinese data backdoor. The CEO rejected it. Make of that what you will.
Meta is building a prediction market app. 3.5 billion daily users, AI-powered, starting with virtual points. T ...