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Stripe Eyes $10 Billion Deal For AI Model Marketplace OpenRouter

By: BeauHD
24 July 2026 at 17:00
An anonymous reader quotes a report from PYMNTS.com: Stripe is in talks to buy OpenRouter, an artificial intelligence (AI) startup that could sell for roughly $10 billion, according to The Wall Street Journal. The move would mark a significant step outside payments for a company that processes transactions for much of the internet. It also lands while Stripe pursues a far larger target: a bid for PayPal that would value the payments giant at about $53 billion. The Journal reported Thursday (July 23) that a transaction could be announced soon, though the talks could still collapse or another buyer could step in. The exact price under discussion could not be learned. Several other large technology companies had also been weighing deals for OpenRouter. The startup was valued at $1.3 billion in May, according to PitchBook, meaning a sale near $10 billion would represent a steep markup in a matter of months. Its backers include Menlo Ventures and CapitalG, the growth fund of Google parent Alphabet. OpenRouter sells software that lets customers reach AI models from OpenAI and Anthropic, along with open weight alternatives anyone can download and run. The Journal described the company's position this way: "OpenRouter is part of an emerging crop of startups that have found a lucrative niche between AI developers and the companies that want to use them." The platform lists hundreds of large language models and lets developers compare and switch between them.

Read more of this story at Slashdot.

Warner Bros. is suing Amazon for poaching employees

25 July 2026 at 15:05
Warner Bros. logo on a graphic blue and yellow background.

Warner Bros. Discovery has filed suit against Amazon, accusing it of illegally poaching employees, including Pia Barlow, former senior VP for originals marketing. In the complaint, Warner says that "Amazon has chosen to ride on the coattails of other well-established Hollywood mainstays," and that it engaged in a "lawless employee shopping spree." Deadline reports that Francesca Orsi, HBO's head of drama series and films, is believed to be one of the other Amazon targets.

Barlow is set to begin a new position as Amazon's head of original series marketing on August 3rd. According to Warner's suit, Barlow was under contract until October 31st …

Read the full story at The Verge.

The AI jobs apocalypse probably isn’t coming anytime soon

25 July 2026 at 14:00

Artificial intelligence may not deliver on its promise of vast economic opportunity at a price that humanity is willing to pay

In March, Anthropic, the cutting-edge artificial intelligence business that gave us the chatbot Claude, published an analysis on the impact of AI on employment, to help us assess the claim that intelligent robots were about to redefine human existence, ending demand for human labor.

Last year in May, Anthropic’s co-founder, Dario Amodei, claimed AI could wipe out half of all entry-level jobs in one to five years. Last January, he told us AI would probably become a “general labor substitute for humans”. In June he said we risk “a world where the economic trade-off dial is stuck on the hypergrowth, hyper-inequality setting”.

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© Photograph: DragonImages/Getty Images

© Photograph: DragonImages/Getty Images

© Photograph: DragonImages/Getty Images

Study explores the hedging capability of cryptocurrencies in turbulent markets

24 July 2026 at 21:20
The rapid growth of sustainable finance in recent years has fueled interest in green investment, ranging from green bonds and environmental, social and governance (ESG) funds to energy-efficient cryptocurrencies. While these assets are often grouped under the broader umbrella of green finance, their interaction during periods of market stress remains largely unexplored.

Qualcomm is about to raise prices and that’s bad news for everyone

24 July 2026 at 20:14

Qualcomm sent a letter to customers on Friday warning of plans to increase its prices by "a percentage in the double digits," Bloomberg reports. The price hikes will go into effect starting with products shipped after September 1st.

Qualcomm claims it has "exhausted its ability to absorb higher costs from suppliers," as ongoing component shortages continue to drive up prices. The company also said it attempted to source components from alternate suppliers prior to announcing the price hikes.

As Bloomberg notes, Qualcomm's price increases will likely have a ripple effect, particularly for smartphones. Qualcomm's chips power everything fro …

Read the full story at The Verge.

Advertising Cognitive Dissonance

24 July 2026 at 19:09

John Gruber (Mastodon):

This to me is proof that Apple leadership is suffering from cognitive dissonance over their slide into advertising. They’re conflating cause and effect. The Apple brand stands for high-quality superior user experiences because the devices and software Apple makes traditionally deliver high-quality superior user experiences. The work Apple ships is what makes the brand what it is. But now they’re stricken with the mindset that it’s the Apple brand that makes something a high-quality superior experience.

[…]

If you refuse to admit that the ads make these services worse, you also can’t admit that there’s a reason to offer an ad-free experience. So the thinking is something like “Apple always focuses on the user experience, and never deliberately makes the user experience worse. Therefore, if an Apple service shows ads, those ads are high quality and don’t detract from the quality of the product or the experience of using it. Therefore, there’s no reason to offer users a paid ad-free tier, because there’s no reason to want to avoid Apple’s ads.”

What a brand stands for can change over time. It’s eventually determined by the products, not the mantras.

  • “It just works.”
  • “A thousand no’s for every yes.”
  • “What happens on your iPhone, stays on your iPhone.”
  • “Music runs deep in Apple’s DNA.”
  • “Design is how it works.”

Manton Reece (2010):

I feel bad admitting it, because some of my friends are betting on iAd revenue to feed their family, but I’m just not on board with Apple running an advertising network. I don’t want to see ads in my apps, and I don’t want Apple to ever lose even a little of what it means to be a product-driven company.

Previously:

Update (2026-07-28): John Gruber (Mastodon):

The whole thing is funny because at a fundamental level we all just know in our bones that Apple never even considered putting “Intel Inside” stickers on Macs.

[…]

Apple still treats its hardware with that level of respect. With reverence. iPhones don’t even say “iPhone” on the hardware. No model or serial numbers. No small print. Just an Apple logo on the back.

[…]

Putting themselves in customers’ shoes today, how many ads do Apple’s executives want stuck in the results when they search for an app in the App Store? We know the honest answer. But the answer evidenced by the actual App Store is “Two really big ones, including one in the first spot.”

At least you could peel off the stickers.

Jason Snell:

While Apple can spin adding ads to Apple Maps as a revolutionary new way for businesses to be discovered, it’s telling that its initial announcement was hidden inside a press release about an entirely different product, and introduced as “Enhanced Discoverability in Apple Maps.” Those choices show that this isn’t something Apple is actually proud of—and that the people in charge of communicating and explaining Apple’s decisions to the world are at odds with those who are making the decisions about expanding revenue.

[…]

To this day, you’re confronted with an ad for Creator Studio every time you create a new document in those apps, and their default toolbars contain buttons that won’t work unless you subscribe to the bundle. As a result, Apple has essentially turned its free productivity suite—software that was designed to enhance the inherent value of Apple’s products—into a freemium package with upsell to a creative professional subscription bundle that’s irrelevant (and a terrible value!) for most of its existing users.

[…]

There are many more examples. Using notifications to promote subscriptions and badging the Settings app to push AppleCare plans are among the ways Apple has chosen to intervene in the user experience to drive revenue. I’m actually not opposed to the idea that Apple should communicate opportunities for its customers to get more out of their devices—but it should be careful not to cross the line into actively annoying those customers. If someone doesn’t want to see what you offer, you need to accept that and go away—not keep needling them. Apple often falls on the wrong side of that line.

[…]

It makes me wonder if the people making these decisions at Apple have lost track of the Apple brand and what it stands for.

John Gruber:

What Snell’s column makes clear is that the incremental revenue Apple is gaining from putting shitty ads in its software comes at a price. They’re withdrawals from Apple’s brand equity. And I would argue that the value they’re detracting from the brand far out-values the dollar amount they’d padding to Apple’s bottom line.

[…]

If your competitors’ stores all smell like dogshit, don’t aim to have the store that smells the least like shit. Aim to have a store that smells pristine. “Our stores only carry a vague whiff of dogshit” is not insanely great.

Hotelling’s Law, like I was saying.

Adam Chandler:

This is not an “update”. This is an advertisement.

Update (2026-07-29): John Gruber:

The people haven’t changed, but Apple has. Strong leaders inevitably shape the personality — the spirit — of organizations over time. Apple in 2011 was peak Steve Jobs Apple. Apple in 2026 is peak Tim Cook Apple. But it was Cook who popularized the “you’re not the customer, you’re the product” argument against “free with ads” online services. But that was in 2014.

Marcin Wichary:

“Slippery slope” is a perfect term. But I wanted to add something here. In my experience, in the realm of UI, there is no middle notch. I’ve seen it time and time again… the moment you open the door to One, Infinity starts exerting its pull[…]

Previously:

Update (2026-08-03): Jon Snader:

I HATE, HATE, HATE having ads pop up when I’m trying to do something else. It’s bad enough on Web sites where at least they have the excuse of having to make money some how but it rises to intolerable when they put them up on a device I’ve already paid for.

The annoyance is reason enough to dislike Apple’s ads but for me the worst thing is that they’re corrupting and inevitably lead to the user being replaced by the advertiser as the customer.

Update (2026-08-05): John Gruber:

Only search engines that agree to pay Apple for the traffic are in the list, and there’s no option for users to add custom ones.

Tyler Hall:

It says a lot about modern Apple that I can’t find an unsubscribe link in this marketing email.

John Gruber:

Apple News ads have been going down the toilet for years, but it didn’t used to be literal.

Google Loses Final EU Antitrust Appeal

23 July 2026 at 20:46

Ryan Whitwam (PDF, Reddit):

Back in 2018, Google was handed a record-setting 4.34 billion-euro ($4.9 billion) fine in Europe for abusing its monopoly on Android. The company has spent the intervening years challenging that decision, but the continent’s highest court has put a stop to that. The Court of Justice of the European Union has affirmed the penalty, meaning Google is out of options.

[…]

The EU took issue with Google search and Chrome being the default options on Android. Even devices made by other companies, such as Samsung and Xiaomi, include Google apps as the default per the Android licensing agreement, giving Google an unfair advantage, according to European antitrust regulators. This is not to be confused with a 2.95 billion euro ($3.45 billion) fine against Google’s advertising monopoly issued by the European Union last year.

Arjun Kharpal:

In 2022, a lower EU court reduced the fine to the current 4.1 billion euros from 4.34 billion euros previously.

Google has argued that the Android operating system provides choice for users and supports developers and businesses across Europe.

Via John Gruber:

Google last year booked $132 billion in profit; this fine is about 3 percent of that..

[…]

There’s never a reason not to string the appeal process out, but it’s especially true when your profits are growing at an exceptional rate. By growing their profits around 5×, they’ve reduced the relative sting of this fine by 5×

Previously:

Take Centrica’s gas storage warning seriously – Britain still needs secure supplies | Nils Pratley

23 July 2026 at 18:44

One task awaiting new energy secretary Miatta Fahnbulleh is devising a plan to avoid a crisis by the end of the decade

Welcome to the energy secretary job, Miatta Fahnbulleh. You have a politically tricky decision to make on whether to approve production at the Jackdaw gasfield and the Rosebank oilfield. But here’s another one that can’t wait much longer: what is the broader plan to ensure Britain avoids a gas supply crisis in 2030?

By way of reminder, one of the more alarming reports published by the energy department under Ed Miliband was the one that warned of “an emerging risk” to gas supplies at the turn of the decade if an important piece of kit – an import terminal, say, or the critical 725-mile Langeled pipeline from Norway – were to be out of the action during a severe cold snap.

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© Photograph: PA Images/Alamy

© Photograph: PA Images/Alamy

© Photograph: PA Images/Alamy

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