Stripe acquires AI model gateway OpenRouter for over $7 billion
The acquisition of OpenRouter, a startup that helps developers select and switch between AI models, follows its $113 million Series B funding round at a reported $1.3 billion valuation just months ago. OpenRouter, founded in 2023, provides a single access point to over 400 AI models, serving 8 million developers. This move positions Stripe, a payments processing firm, to enter the AI infrastructure sector, addressing businesses' growing pressure to manage AI costs.
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