Blog

  • Amazon Will Invest Up to $25 Billion More in Anthropic as AI Demand Surges

    Amazon Will Invest Up to $25 Billion More in Anthropic as AI Demand Surges

    In brief

    • Amazon announced up to $25 billion in new investment in AI startup Anthropic, with $5 billion committed immediately.
    • Anthropic commits to spending $100 billion on AWS infrastructure over the next 10 years.
    • The AI company secured 5 gigawatts of computing capacity on Amazon’s custom Trainium chips.

    Amazon.com announced an expanded partnership with AI startup Anthropic late Monday, committing up to $25 billion in new investment that includes $5 billion immediately and up to $20 billion more tied to commercial milestones.

    The deal adds to Amazon’s previous $8 billion investment in Anthropic, bringing its total potential stake to $33 billion. In return, Anthropic committed to spending over $100 billion on Amazon Web Services technologies through 2036.

    The AI company will access up to 5 gigawatts of computing capacity for training and deploying its Claude AI models on Amazon’s custom silicon. Anthropic currently uses 1 million AWS Trainium2 chips, and will gain additional Trainium2 and Trainium3 capacity as Amazon brings 1 gigawatt online by the end of 2026.

    “Our custom AI silicon offers high performance at significantly lower cost for customers, which is why it’s in such hot demand,” said Amazon CEO Andy Jassy, in a statement. “Anthropic’s commitment to run its large language models on AWS Trainium for the next decade reflects the progress we’ve made together on custom silicon, as we continue delivering the technology and infrastructure our customers need to build with generative AI.”

    Amazon’s latest AI partnership follows its $50 billion contribution to OpenAI’s $110 billion funding round two months ago, a deal that valued OpenAI at $730 billion pre-money. The e-commerce giant expects to spend $200 billion on capital expenditures this year, with the majority allocated to AI infrastructure development.

    Founded in 2021 by former OpenAI researchers and executives, Anthropic has grown its annualized revenue to over $30 billion. The company’s Claude AI models compete directly with OpenAI’s GPT series and Google’s Gemini.

    Amazon’s custom chip roadmap includes the Trainium3 processors released in December 2025 and the upcoming Trainium4, which AWS says will deliver 2 exaflops of performance for FP4 data processing.

    Daily Debrief Newsletter

    Start every day with the top news stories right now, plus original features, a podcast, videos and more.

  • US forces detain Iran-linked tanker Tifani with ceasefire talks on edge

    US forces detain Iran-linked tanker Tifani with ceasefire talks on edge

    Ship, detained under US policy to stop all Tehran-linked vessels, is under sanctions for smuggling Iranian crude.

    United States forces have detained an oil tanker in the Indian Ocean sanctioned for smuggling Iranian crude oil, the Pentagon says.

    The M/T Tifani was boarded overnight, the US Department of Defense announced on Tuesday. The raid was carried out as a two-week ceasefire between the US and Iran was about to expire and a resumption of their talks was on a knife edge.

    Recommended Stories

    list of 4 itemsend of list

    “Overnight, US forces conducted a right-of-visit, maritime interdiction and boarding of the stateless sanctioned M/T Tifani without incident in the INDOPACOM area of responsibility,” the department posted on social media, referring to the US military’s Indo-Pacific Command.

    The statement said the US is determined “to disrupt illicit networks and interdict sanctioned vessels providing material support to Iran – anywhere they operate”.

    INDOPACOM oversees a broad region that includes the Pacific and Indian oceans. The exact location of the operation was not made clear.

    An unnamed US defence official told The Associated Press news agency that the Tifani was captured in the Bay of Bengal between India and Southeast Asia and was carrying Iranian oil.

    The US military will decide in the coming days what to do with the vessel, for instance, tow it back to the US or turn it over to another country, the official reportedly said.

    Not a refuge

    The Tifani is a Botswana-flagged tanker, according to the intelligence firm Vanguard Tech.

    Its last signal was detected on Tuesday halfway between Sri Lanka and the Strait of Malacca, according to the maritime tracking website Marine Traffic. Its tracking signal indicated it was heading towards Singapore.

    “International waters are not a refuge for sanctioned vessels,” the Pentagon said in its post, which included video footage showing helicopters hovering just above a large, bright orange tanker.

    According to an AFP news agency report citing the energy intelligence firm Kpler, the vessel loaded about 2 million barrels of crude on Iran’s Kharg Island on April 5 and passed through the Strait of Hormuz on April 9 .

    The Tifani has in recent years carried out numerous ship-to-ship oil transfers off Singapore and Malaysia and made multiple round trips between that area and destinations that include Iran and China.

     

    US President Donald Trump has promised to maintain a blockade on Iran “until there is a deal” to end the war.

    On Monday, however, maritime data firm Lloyd’s List Intelligence said “at least 26 ships from Iran’s ghost fleet [have] circumvented the US blockade” since it was imposed last week.

    Doubts remained on Tuesday regarding whether a second round of negotiations between Tehran and Washington would take place in Pakistan. An initial round ended on April 12 without a breakthrough.

    Pakistan’s attempts to broker the talks were becoming more urgent throughout Tuesday as the expiration of the already tenuous ceasefire between Washington and Tehran approached.

    A spokesperson for Tehran’s Ministry of Foreign Affairs told state television on Tuesday that Iran had still ⁠to decide whether to attend as he described the boarding of the tanker as well as the earlier seizure of a cargo ship, as “piracy at sea and state terrorism”.

    The US Navy attacked and seized an Iranian-flagged cargo ship on Sunday that it said had tried to evade its blockade.

    The Iranian Foreign Ministry spokesman declared that these actions called into question Washington’s seriousness in negotiating.

    Trump, meanwhile, declared that the US military is “raring to go” if an agreement is not reached.

  • Netflix India’s New-Talent Bet Lands Three Films in Global Top 10 as ‘Toaster’ Hits No. 1 (EXCLUSIVE)

    Netflix India’s New-Talent Bet Lands Three Films in Global Top 10 as ‘Toaster’ Hits No. 1 (EXCLUSIVE)

    Indian cinema is having a moment on Netflix — and increasingly, it’s first-timers leading the charge.

    Vivek Das Chaudhary’s debut feature “Toaster” has topped Netflix’s Global Top 10 Non-English Films chart, arriving at No. 1 as part of a broader wave of Indian titles — several of them from debut and early-stage directors — that have been stacking up on the list in recent weeks. It’s the latest evidence that the platform’s long-running strategy of backing emerging Indian filmmakers is generating returns well beyond the subcontinent.

    The dark comedy, produced by actor Rajkummar Rao and his creative partner Patralekhaa under their newly launched KAMPA Films banner, joins “Accused” – directed by Anubhuti Kashyap in only her second feature, which topped the Non-English chart and entered the Top 10 in 74 countries, the widest reach ever recorded for an Indian title on the platform – and “Made in Korea,” Netflix’s first Tamil-language film shot in South Korea, now in its third consecutive week on the Global Top 10.

    For Ruchikaa Kapoor Sheikh, director of original films at Netflix India, the convergence is a direct outcome of how the team approaches creative partnerships. “The more authentic, the more local they’ve been, we’ve actually seen them break out and become far more global,” she tells Variety. “We never wake up saying, ‘This is a global title.’” The philosophy, she explains, is to back filmmakers with distinctive, rooted convictions and trust that the work will travel on its own terms.

    The numbers support the approach. An Indian film or series has appeared in Netflix’s Global Top 10 every week throughout 2024 and 2025, and the volume of Indian titles on that list has grown sixfold since reporting began in July 2021. In 2025 alone, Indian content on the platform was viewed for more than 3.4 billion hours across 75 countries, the equivalent of roughly 65 million hours per week. Over 70% of Netflix viewing globally happens with subtitles or dubs, Kapoor Sheikh notes, and Indian titles are finding audiences in both high- and low-diaspora markets alike – from Argentina and Egypt to South Korea, Morocco, Bolivia and Taiwan.

    “Toaster,” which premiered on the platform April 15, is Das Chaudhary’s first feature and KAMPA’s debut production. The film is set in Mumbai and built around a miserly protagonist whose circumstances spiral into escalating absurdity. Rao, who also stars in the film, says the project came to him and Patralekhaa as a single-page pitch that they developed over several months before bringing it to Netflix. “There’s no formula to it,” he tells Variety. “You’d rather make something that you are really excited about.”

    The title itself was a deliberate choice rather than an accident of development. “Somebody sitting in Japan, in the U.S., U.K., Thailand, India, would know what a toaster is,” he says. The quirk of it, he reasoned, was the point – unusual enough to prompt a click, simple enough to travel anywhere.

    Patralekhaa, who took the lead as a hands-on producer while Rao concentrated on his performance, is at the center of KAMPA’s longer ambition – to tell stories on tightly managed budgets, with a particular emphasis on empowering new directors and writers. For Das Chaudhary, making his first feature, the experience differed from what he had expected of a major platform. “What I appreciated most was the trust they place in a filmmaker’s vision – not just supporting it, but helping it grow,” he tells Variety.

    “Accused” took a different route to the screen. The concept for the film – a thriller centered on a lesbian couple, drawing on themes of sexual harassment and judgment – originated within Netflix India’s own creative team, which then sought out Kashyap for her empathetic handling of dramatic material. “They reached out to me because they were looking for a woman filmmaker,” Kashyap tells Variety. Once on board, she pulled the project toward restraint and a grounded tone, co-produced with Karan Johar’s Dharma Productions. “The packaging of this film in terms of the thriller and the LGBT themes put together” accounts for its global reach, she says.

    Kapoor Sheikh notes that the move toward emerging voices has been intentional from the beginning, and the track record spans several years and genres. The platform has worked with first- and second-time directors including Honey Trehan (“Raat Akeli Hai”), Aditya Nimbalkar (“Sector 36”), Arjun Varain Singh (“Kho Gaye Hum Kahan”), Vivek Soni (“Meenakshi Sundareshwar,” “Aap Jaisa Koi”) and Yashowardhan Mishra, whose “Kathal: A Jackfruit Mystery” became the first Netflix India film to win the Indian National Film Award for best Hindi-language film. The process, she says, now reaches beyond Mumbai to encompass writers turning directors and regional talent moving across language lines. “The hunger that comes from new voices becomes very important to keep the flywheel going,” she says.

    On the Tamil-language side, “Made in Korea” star Priyanka Mohan – whose international profile grew substantially with the film’s extended chart run – says the scale of the response has taken time to absorb. “It’s still sinking in that a simple Tamil story is resonating with audiences around the world,” she tells Variety.

    The current chart performance – which also includes “Border 2” and “Dhurandhar” among Indian titles on the list in recent weeks – reflects what Kapoor Sheikh describes as a deliberate balance between emerging voices and established ones, with the ratio shifting over time. “You’re going to see a lot of interesting writers that make the move” to directing, she says, alongside regional filmmakers crossing into broader markets. The goal, in her framing, is a creative ecosystem fluid enough to hold both the first-time director and the returning marquee-name auteur – and in the current Global Top 10, that balance is visible in real time.

  • ‘Beef’ Season 2 Opens With 2.4 Million Views on Netflix Top 10, Down Nearly 60% From Season 1

    ‘Beef’ Season 2 Opens With 2.4 Million Views on Netflix Top 10, Down Nearly 60% From Season 1

    Beef” Season 2 made its debut at the number 10 spot on the Netflix Top 10 this week, with the second season of the show pulling in 2.4 million views. The second season debuted on April 16, with this week’s Top 10 covering April 13-19.

    By comparison, “Beef” Season 1 opened to 34.1 million hours viewed in its first week back in 2023. Netflix did not release views at that time, but the total hours viewed divided by the total runtime of Season 1 (~5 hours 52 minutes) comes out to 5.8 million views.

    That is a drop off of approximately 58% between the openings of the two seasons. Season 1 peaked in its second week with 70.38 million hours viewed, which is equivalent to 12 million views.

    Elsewhere on the Top 10 English language TV chart, Dan Levy’s new crime comedy “Big Mistakes” rose to the number three spot in its second week with 4.4 million views. That is up from 2.7 million views it clocked in its debut the previous week. “Trust Me: The False Prophet” held onto the number one spot for the second week in a row, with the docuseries clocking 6.9 million views.

    Other entries in that Top 10 this week include “Salish & Jordan Matter” at number two with 5 million views, “XO, Kitty” Season 3 at number four with 3 million views, and “Danny Go!” Season 1 with 2.5 million views.

    On the English language film Top 10, the shark disaster thriller “Thrash” maintained a commanding number one spot for the second straight week, pulling in 34.5 million views. That is down only slightly from the 37.7 million views it managed when it debuted on the chart the previous week.

    The South African film “180” came it at number two on the English language film chart, debuting with a solid 9.5 million views. The comedy film “Roommates” debuted with 8.8 million views, enough to earn it the number three spot.

    In non-English language TV, French Caribbean thriller “Bandi” took the number spot in the Top 10 with 5.2 million views. It was followed by the three part docuseries “Ronaldinho: The One and Only” with 4.7 million views. For non-English language films, the winner for the week was the Indian film “Toaster” with 4.4 million views.

    More to come…

  • The U.S. Army Is Evaluating Bitcoin for National Defense Applications – News Emerged Today

    The U.S. Army Is Evaluating Bitcoin for National Defense Applications – News Emerged Today

    It has emerged that the US military views Bitcoin ($BTC) not only as a financial asset but also as a cyber defense tool from a national security perspective. The issue was formally raised today at the Indo-Pacific hearing of the US Senate Armed Services Committee.

    Commander Samuel Paparo of the US Indo-Pacific Command (INDOPACOM) stated that Bitcoin could play a significant role in cybersecurity, particularly due to its “proof of work” mechanism. Paparo said, “Bitcoin is a reality. Beyond its economic aspects, it offers very important computer science applications in terms of cybersecurity.”

    The main problem highlighted by US officials is that the cost of an attack in cyberspace is almost zero. While an attack in traditional warfare requires significant economic and physical costs, cyberattacks can be carried out at very low costs. This creates a wide range of threats, from spam campaigns to ransomware.

    Related News Trump’s FED Chairman Nominee Kevin Warsh Testifies Before the Senate: Will He Sell His Crypto Assets?

    In this context, Bitcoin’s “proof of work” system has the potential to create a measurable physical cost in cyberspace for the first time. This system requires real energy to be expended to verify each transaction or signal. This theoretically necessitates that the attacker bears a tangible cost for each attempt.

    The academic foundation for this topic was laid by Jason Lowery in a thesis prepared at the Massachusetts Institute of Technology. Lowery defines Bitcoin not as a means of payment, but as an “electrocybersecurity technology.”

    According to this approach, Bitcoin’s true value lies not in its blockchain ledger but in its proof-of-work mechanism. This is because this mechanism makes signal generation in cyberspace costly, thus transferring the classic deterrence theory to the digital world.

    The defensive perspective on Bitcoin has gained even more importance, especially in light of geopolitical tensions in the Indo-Pacific region. In recent years, an indirect competition has emerged between the US and China over Bitcoin mining and assets. The US has risen to a leading position in global Bitcoin hash rate. The US government is estimated to hold approximately 328,000 $BTC. China, on the other hand, is believed to possess approximately 190,000 $BTC obtained from its PlusToken operation.

    *This is not investment advice.

  • ‘Paradise’ Season 3 Adds Julianna Margulies

    Hulu‘s Paradise is adding another Emmy winner to its cast.

    Julianna Margulies will join the post-apocalyptic drama for season three. It will be the former ER and Good Wife star’s first series work since a run on seasons two and three of The Morning Show at Apple TV.

    Per usual with Paradise (and other shows from creator Dan Fogelman), details about the role Margulies is playing are being kept in a library deep inside a mountain.

    Hulu renewed Paradise for a third season in March, in keeping with Fogelman’s plan for a three-season arc for the story. The show’s second season concluded with a major character’s death and a big revelation that led to many more questions (spoilers at both links) about where the show will go in season three.

    In season two, Xavier (Sterling K. Brown) searches for his wife, Teri (Enuka Okuma), in the world outside the bunker and learns how people survived the three years since the world collapsed. The social fabric of Paradise, meanwhile, frays as the bunker deals with the aftermath of season one and new secrets are uncovered about the city’s origins.

    Along with Brown and Okuma, season two of Paradise stars Julianne Nicholson, Sarah Shahi, Nicole Brydon Bloom, Krys Marshall, Enuka Okuma, Aliyah Mastin, Percy Daggs IV and Charlie Evans. James Marsden, Shailene Woodley, Thomas Doherty and Jon Beavers have recurring roles.

    Paradise is produced by 20th Television, where Fogelman is under an overall deal. Fogelman executive produces with Jess Rosenthal, John Hoberg, Brown, Steve Beers, Glenn Ficarra and John Requa.

    Deadline first reported Margulies’ casting.

     

  • Tucker Carlson Apologizes for Backing Trump as Rift Deepens

    Tucker Carlson Apologizes for Backing Trump as Rift Deepens

    The anger phase of the Donald Trump–Tucker Carlson breakup continued in full swing Monday, as the longtime right-wing pundit and former Trump ally issued an apology for his role in misleading people and helping to get him elected.

    Carlson, who first rebuked Trump following the president’s widely panned Easter morning social media post threatening the annihilation of Iran, escalated his criticism on Monday’s episode of The Tucker Carlson Show. Speaking with his younger brother, Buckley Carlson — a Republican operative and former Trump speechwriter — the host struck a tone of personal reckoning.

    “You wrote speeches for him. I campaigned for him. I mean, we’re implicated in this, for sure,” Carlson said. “It’s not enough to say, ‘Well, I changed my mind,’ or, like, ‘Oh, this is bad, I’m out.’”

    “In very small ways, but in real ways, you and me and millions of people like us are the reason this is happening right now,” he continued. “So I do think it’s a moment to wrestle with our own consciences. We’ll be tormented by it for a long time. I will be, and I want to say I’m sorry for misleading people — it was not intentional.”

    The conversation, which at times resembles a postmortem on Trump’s political rise, revisits his early appeal. Buckley Carlson recalled being drawn to Trump in 2015 because “he never bent,” prompting him to connect with the campaign through mutual contacts and eventually write speeches for the outsider candidate.

    From there, the brothers trace Trump’s ascent, lamenting what they describe as the erosion of traditional conservative values in favor of MAGA populism. Carlson was an early and influential supporter, helping legitimize Trump’s first presidential run and later campaigning for him during the 2024 election.

    The discussion also revisits the 2020 election, which the Carlsons continue to characterize as stolen — a claim that has been widely debunked — while criticizing Trump’s response at the time.

    “He just kept repeating silly talking points that weren’t that compelling and made him look crazy,” Buckley Carlson said. “But he failed to use the power at his hand, and then, of course, it was taken away from him.”

    Carlson’s break with Trump has sharpened in recent months, particularly over foreign policy. He has criticized the president’s full-throated support for Israel’s actions against Iran and previously called Trump’s rhetoric on the country “vile.”

    Trump fired back in a Truth Social post, blasting Carlson as “a low IQ person — always easy to beat, and highly overrated!!!” and extending his attacks to other right-wing figures, including Candace Owens, Megyn Kelly and Alex Jones.

    Still, Carlson framed his criticism on Monday as both political and personal.

    “Clearly, there were signs of low character. We knew that,” he said of Trump. “But there are tons of people of low character who outperform it. I’ve outperformed my character at times. I don’t have particularly high character — but you try your best.”

  • Flu vaccine no longer mandatory for soldiers, says US military chief

    Flu vaccine no longer mandatory for soldiers, says US military chief

    Pete Hegseth says the decision is based on the principle of ‘medical autonomy’ and criticises the mandate as ‘overreaching’.

    United States Defense Secretary Pete Hegseth has said that the flu vaccine will no longer be obligatory for members of the country’s military, the latest step under President Donald Trump to shift vaccine policy in the federal government.

    Hegseth said in a video shared on social media on Tuesday that the decision was based on principles of “medical autonomy” and religious freedom.

    Recommended Stories

    list of 3 itemsend of list

    “We’re seizing this moment to discard any absurd, overreaching mandates that only weaken our warfighting capabilities. In this case, this includes the universal flu vaccine and the mandate behind it,” said Hegseth.

    “The notion that a flu vaccine must be mandatory for every service member, everywhere, in every circumstance at all times is just overly broad and not rational.”

    The Trump administration has framed vaccine refusal as a matter of personal moral and religious principle, rolling back some policies meant to safeguard against preventable diseases.

    Hegseth’s directive allows various military services to request that the mandate be kept in place, giving them a window of 15 days to do so.

    The announcement comes after what health officials described as a particularly severe flu season when infections surged in the US. Public health experts have recommended that everyone aged six months or older get an annual flu vaccine.

    The second Trump administration has reflected some of the backlash to public health guidelines and mandates that were implemented during the COVID-19 pandemic.

    Hegseth himself has called that period an “era of betrayal” for the country’s armed forces. More than 8,400 members of the military were ejected for failure to abide by a 2021 mandate to take the COVID-19 vaccine.

    The Trump administration has also rolled back vaccine recommendations in other areas, announcing earlier this year that it would not recommend flu shots and other forms of vaccines for all children. A lawsuit was filed challenging that effort, and the policy was temporarily blocked by a federal judge as the legal challenge plays out.

  • Block’s Cash App Launches Accounts for Young Kids—Without Bitcoin Access

    Block’s Cash App Launches Accounts for Young Kids—Without Bitcoin Access

    In brief

    • Cash App launched managed accounts for children ages 6-12, offering 3.25% interest on savings.
    • Parents control all account activity and can approve transfers from up to five trusted contacts.
    • The accounts include no Bitcoin access, but BTC is an option for sponsored accounts for teenagers.

    Cash App launched managed accounts for children ages 6-12 on Tuesday, offering 3.25% interest on savings as the Block-owned fintech platform expands into youth banking. But the accounts include no access to Bitcoin, which is available to older Cash App users.

    Parents maintain complete control over the new accounts, approving transfers from up to five trusted contacts they select, according to the announcement. When children turn 13, the managed accounts can convert to sponsored teen accounts with parental consent. The service is not available in New York.

    Sponsored accounts for teens do have the option of handling Bitcoin, if parents allow access to the asset. However, the managed accounts for younger kids do not include that crypto functionality, a Block spokesperson confirmed to Decrypt.

    Cash App’s timing aligns with shifting savings habits among young people. The company’s Raising Gen Alpha report, based on a Harris Poll survey of parents, found that 89% of Gen Alpha children are actively saving money. Digital and gaming purchases lead their savings goals at 34%, followed by personal technology and toys or collectibles at 32% each.

    The survey revealed that 77% of parents have already begun money management discussions with their children, while 50% of Cash App-using parents said they already manage money through the platform on their kids’ behalf.

    “Cash App serves more than 5 million teens on a monthly basis, and we’ve heard from parents that they want to start building good money habits with their kids even earlier,” said Block Executive Officer and Head of Business Owen Jennings, in a statement. “We built managed accounts to give kids access to real financial tools and experiences while keeping parents fully involved.”

    Cash App, owned by NYSE-traded Block Inc., has expanded beyond its original peer-to-peer payment services to include banking, investment options, and Bitcoin trading. The platform has positioned itself between traditional banking and digital financial services, serving users seeking alternatives to conventional financial institutions.

    In addition to offering Bitcoin buying and selling services to eligible customers via Cash App, Block—which was founded and is led by outspoken Bitcoin maximalist Jack Dorsey—has launched other Bitcoin-related products, such as a hardware wallet and modular mining rigs.

    Block stock rose after the opening bell Tuesday, recently up about 1.4% on the day to a price just below $75 per share. The company conducted mass layoffs in February, cutting over 4,000 jobs—about 40% of its workforce—in a pivot to embrace additional AI-powered efficiency.

    Daily Debrief Newsletter

    Start every day with the top news stories right now, plus original features, a podcast, videos and more.

  • DoorDash to Pay Delivery Workers in Stablecoins via Stripe’s Tempo Blockchain

    DoorDash to Pay Delivery Workers in Stablecoins via Stripe’s Tempo Blockchain

    In brief

    • DoorDash will use Tempo, Stripe’s payments and stablecoin-focused blockchain, to pay workers and merchants in 40+ countries.
    • The firm believes stablecoins can reduce payment settlement times and fees for foreign currency spreads and intermediaries.
    • Shares of DASH are down around 2% on Tuesday following the announcement.

    Publicly traded food, grocery, and retail delivery firm DoorDash will use Tempo’s payments and stablecoin-focused blockchain to pay its delivery workers with stablecoins in more than 40 countries. 

    The firm, which has to deal with multiple currencies, payment rails, and regulatory requirements, is building on the blockchain network—which was incubated by payments giant Stripe and crypto VC firm Paradigm—to untangle the complexities of global payments. 

    “Global payments is complex in terms of what the requirements are for any different country,” said DoorDash co-founder Andy Fang, in a statement. “Figuring out a way to provide solutions to the end customer that feel frictionless, while integrating with rails that are dynamic enough to handle the different requirements of different countries, is at the heart of the complexity.”

    The firm’s infrastructure on Tempo will focus on the payout speed, cross-border cost, and transaction flexibility that stablecoins afford its business. 

    “If we can get merchants and Dashers their money faster, and do that in a way that’s affordable for them, that’s a no-brainer for the entire ecosystem,” said Fang. 

    Settlement with stablecoins can be done in just seconds, whereas typically merchants or Dashers—or those delivering food and products for the firm—have to wait for longer, varying settlement times depending on their country. 

    Furthermore, foreign currency spreads and intermediary fees are reduced when operating with stablecoins. 

    According to Fang, the firm chose to utilize Tempo instead of other stablecoin infrastructure options because of its “payments focus and enterprise readiness.”

    “They have experience not only with crypto from a technology standpoint, but also from an enterprise readiness standpoint, thinking about what would make this technology work realistically for an enterprise like DoorDash,” he said. 

    Tempo’s fledgling blockchain—which opened its public mainnet in March—has teamed with a handful of major firms for early design collaboration and payments use cases, including Visa, Shopify, and OpenAI.

    The network, which is primarily payments and stablecoin-focused, additionally launched with an agentic payments protocol amid the rise of transactional AI agents. 

    Shares in DoorDash (DASH) are down nearly 2% on Tuesday to a recent price of $186, but have jumped around 19% in the last month of trading. 

    “Our work with Tempo is focused on building infrastructure to simplify payouts on a global scale,” a DoorDash representative told Decrypt. “We’re in the early stages and taking a thoughtful approach to ensure anything we build is reliable, compliant, and meaningfully improves the payout experience for Dashers and merchants.”

    Editor’s note: This story was updated after publication with comment from DoorDash.

    Daily Debrief Newsletter

    Start every day with the top news stories right now, plus original features, a podcast, videos and more.