9 Comments
User's avatar
Rameez MeeraSahib's avatar

Really enjoyed this angle, Martin. I’ve been exploring the same transition from the demand side: if the network makes intelligence cheap, routable, and widely available, what happens when consumption expands far beyond today’s human-driven use?

The network lens explains how intelligence moves. The utility lens helps explain what happens when much more of it gets consumed. I wrote about that side of the transition in the "When Intelligence Becomes a Utility" essay.

https://rmeerasahib.substack.com/p/when-intelligence-becomes-a-utility

Sidney Scott's avatar

Agree, and I'd push it one step. Money has a settlement condition and tokens don't yet. A token that missed its deadline isn't a cheaper token.

Money Machine Newsletter's avatar

I can see why Stripe wanted this. It was already handling OpenRouter’s payments, and the deal would move it closer to the actual model usage.

Sparsh's avatar

Please use a good agent skill for your charts. The colors are confusing, out of order and don't match the legend.

Rohit Malhotra's avatar

This is going to be a great investment for strike.

Jay F. Gamel's avatar

Hedge Funds are driven by comparative advantages, called ‘hedges’. Not economies.

Michael Baron's avatar

This is a great combination of industry giants who move rather sleepily (a compliment). The noisy boisterous ones makes some great moves but this feels stealth, like a new 1+1=5....type-giant has been born.

Austen McDonald's avatar

Congrats Martín! Good to see you continuing to pick winners :)