Payments firm Stripe to buy marketplace OpenRouter in AI push

Payments firm Stripe said on Wednesday it had agreed to buy OpenRouter, which helps businesses route and optimize token usage, its latest bet on the fast-growing AI industry.

While the companies did not disclose the value of the deal, a source familiar with the matter, who requested anonymity to discuss confidential information, ‌told Reuters ⁠it was ⁠worth slightly more than $8 billion.

The deal comes as soaring bills drive companies toward cheaper models ​and routing tools like OpenRouter, and deepens a year-long push by the fintech into AI. ​The push has included launching products like token billing to track AI model consumption.

Read more

You may also like

Comments are closed.

More in IT