Good morning & happy Tuesday! Today, we're looking into Revolut, whose recent operational milestone with OpenAI signals a new era of AI Economics in FinTech (what it's all about & what it indicates about how FinTechs will be using AI in the future + bonus deep dive into Revolut inside), and Sony, which is about to issue a USD stablecoin to reshape entertainment payments (what's the USP here & why it makes sense + bonus dive into Klarna & recently announced KlarnaUSD & the ultimate list of stables resources inside). So let's just jump straight into the good stuff '' Rather than celebrating the milestone, Nesterov publicly labeled the achievement a waste on LinkedIn, revealing that Revolut had actually burned through several trillion tokens. His message included a direct call to engineers: help us reduce our dependence on external AI vendors.
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