Stripe Nears Deal to Buy AI Firm OpenRouter for over $7B
Stripe has finalized an agreement to acquire OpenRouter, a startup that helps companies switch between AI models, for more than $7 billion. The deal comes months after OpenRouter raised funds at a reported $1.3 billion valuation, highlighting demand for cost-effective AI solutions and boosting Stripe's position in the AI sector.
Stripe Inc. has finalized an agreement to acquire OpenRouter Inc., a startup that helps companies switch between artificial intelligence models, for more than $7 billion, according to people familiar with the matter.
The deal, just months after OpenRouter raised money at a reported $1.3 billion valuation, underscores the demand from businesses to find the most cost-friendly AI solutions. It could also give Stripe, a payments processing firm, a stronger footing in the fast-growing artificial intelligence sector.
The final price for the acquisition could change. The discussions were described by people who spoke on condition of anonymity as the information is ...
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