Stripe Inc. has agreed to acquire OpenRouter Inc., an artificial intelligence model routing startup. While neither company has disclosed the official terms of the agreement, reports suggest the acquisition is valued at $7.5 billion or more.
The acquisition marks a strategic expansion for the payments giant as it pushes deeper into the infrastructure powering the AI boom and the artificial intelligence model market. By integrating one of the fastest-growing gateways to AI models, Stripe is betting on a future where users utilize a mix of different AI models.
This deal is significant for the artificial intelligence industry, uniting Stripe’s payments business with OpenRouter’s capability to help businesses direct their spending on AI models. OpenRouter was founded by an NFT entrepreneur.