Bloomberg: Stripe Seals Deal to Buy OpenRouter for More than $7bn
- On Monday, Stripe finalized an agreement to acquire New York-based OpenRouter for more than $7 billion, expanding the payments company's artificial intelligence infrastructure.
- Founded in 2023, OpenRouter operates as an AI marketplace providing access to more than 500 large language models, which OpenRouter CEO Alex Atallah describes as the 'Stripe for AI.'
- The platform claims more than 10 million global users and access to more than 400 models, having raised $113 million in a Series B round valuing the company at $1.3 billion.
- OpenRouter already utilizes Stripe's services for billing and tax collection under a partnership established early this year, deepening the fintech giant's AI infrastructure involvement.
- Stripe, valued at $159 billion earlier this year, is reportedly considering a joint acquisition of PayPal with private equity firm Advent International to further diversify its core business.
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Andreessen Horowitz could make close to $1.5 billion from OpenRouter's potential sale to Stripe
OpenRouterIllustration by Thomas Fuller/SOPA Images/LightRocket via Getty ImagesStripe is set to acquire OpenRouter, a leading AI model marketplace, for over $8 billion, sources say.VC firms A16z and Menlo Ventures may see at least $2 billion in returns from the deal.AI model startup OpenRouter is led by Alex Atallah.Stripe's multi-billion-dollar pursuit of AI model marketplace startup OpenRouter isn't just creating one of the biggest AI acquisi…
Payments giant Stripe is about to drop over $7 billion to become a gateway to AI token sales
Payments biz Stripe has reportedly finalized an agreement to acquire OpenRouter for at least $7 billion, signaling a shift in focus for the AI industry. OpenRouter provides a way for customers to integrate multiple AI models into their workflow and infrastructure and is, by Ramp's measure, the most popular of the gateway companies that have sprung up to simplify model integration. By acquiring the AI gateway service, Stripe would become a mediat…
Stripe to Buy AI Firm OpenRouter in $7 Billion Deal
Stripe is making one of its biggest AI bets yet, agreeing to buy OpenRouter for more than $7 billion, according to sources. Bloomberg’s Natasha Mascarenhas explains how OpenRouter helps developers access and optimize hundreds of AI models, why that capability has become increasingly valuable as companies focus on lowering AI costs, and what the deal signals about Stripe’s ambitions in AI. She joins Ed Ludlow on "Bloomberg Tech." (Source: Bloombe…
Stripe would have closed the purchase of OpenRouter, a platform with 8 million users that allows access to more than 400 artificial intelligence models
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