alt Hacker Newsat this point Anthropic/OpenAI have enough equity to buy out the entire Visa and Mastercard ecosystems.
It's all fake venture capital money, but they are the big cheese.
at this point Anthropic/OpenAI have enough equity to buy out the entire Visa and Mastercard ecosystems.
It's all fake venture capital money, but they are the big cheese.
Having equity doesn't mean they can buy it, and regardless, that doesn't mean Visa/MC will work for free, or the banks/payment processors. Too many charge backs from an account, and that's the result.
It's unclear how large their retail business is, which is why I mentioned that, and that's where you see most CC payments. Companies with any serious usage are going to pay via wire or bill payment via banks directly. McDonalds, for example, likely has a larger daily spend on cards.