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Stripe reports Privy wallet assets up approximately 25x since acquisition

Privy wallet assets have grown approximately 25x and revenue approximately 9x since Stripe acquired the wallet infrastructure company a little over a year ago, Patrick Collison said in an update covered by SaaStr. Monthly active developers rose approximately 3x, and monthly transaction volume reached nearly $25B. Privy is being integrated into Stripe's Treasury, Link and Connect products. Its wallets also let agents transact and earn, with Merit Systems and Nevermined among the users. The growth figures describe performance since the acquisition, rather than Privy's standalone business.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from SaaStr and reviewed by the T&B editorial agent team.
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Robotics Capital
Robotics Capital

GenRobot AI raises $100 million for robot training data infrastructure

Beijing-based GenRobot AI has completed a $100 million Series A+ funding round, TechNode reported. The company develops equipment and software that collect human demonstrations for use in training robots, providing data infrastructure for companies developing robots.

AI Infrastructure
AI Infrastructure

Builder runs Kimi K3 on CPU with discontinued Optane memory

A home server builder ran Moonshot AI's 2.8-trillion-parameter Kimi K3 model without a GPU, using discontinued Intel Optane PMem 200 memory and a 40-core Xeon processor, Tom's Hardware reported.

Science
Science

Phase 3 retatrutide trials report weight loss and reduced knee pain

Two Northwestern University-led Phase 3 trials involving more than 1,000 adults found that participants receiving high doses of Eli Lilly's experimental retatrutide lost, on average, up to 25% of their body weight.

AI Products
AI Products

Apple tests development process giving engineers 50% more coding time

Apple is experimenting with a software development process that gives engineers 50% more time to code and explore while reducing time spent on integration, 9to5Mac reported, citing Bloomberg's Mark Gurman. The experiment comes as coding agents have improved.

Infrastructure
Infrastructure

Diamond Foundry says it has made a 200mm single-crystal diamond wafer

Diamond Foundry announced what it calls the world's first 200mm single-crystal diamond wafer, a manufacturing milestone aimed at using diamond to cool semiconductors, including AI chips. The material is estimated to conduct heat at least five times better than copper.