Stripe acquires AI startup OpenRouter for $7.5 billion to enter AI model market
- Payments giant Stripe acquired AI startup OpenRouter in a deal reportedly worth $7.5 billion to enter the AI model market.
- OpenRouter has become popular among developers because it offers affordable access to open-weight AI models, particularly from Chinese labs like DeepSeek.
- Stripe said the deal would help optimise token costs and manage AI model pricing amid rapid releases and repricing.
- Stripe, valued at nearly $160 billion, previously acquired stablecoin platform Bridge for $1.1 billion last year.
Source: newsbytesapp.com
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