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Stripe acquisition may bolster its AI strategy

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Stripe acquisition may bolster its AI strategy

If the company completes a prospective acquisition of OpenRouter, it will set itself up to be at the center of artificial intelligence token payments.

Stripe would move squarely into the middle of how companies select and pay for artificial intelligence computing if it buys the artificial intelligence spend management firm OpenRouter.

Stripe’s pursuit of OpenRouter – which directs work requests from software developers to AI models and tracks spending – furthers a long-held Stripe goal of evolving from a payments-focused company into a broader future as an AI infrastructure player, payments technology experts said this week.

Stripe has agreed to buy OpenRouter for more than $7 billion, Bloomberg reported Sunday citing people familiar with the matter. Last month, the Wall Street Journal reported that Stripe would pay about $10 billion for OpenRouter, citing people familiar with the talks. The deal’s final price could still change, Bloomberg reported.

Stripe doesn’t comment “on rumors or speculation,” a spokesperson said Monday via email. OpenRouter did not respond to an email seeking comment.

“We think about Stripe as having inverted our value proposition from being a payments company, with sort of add-ons, to now being this multi-product platform where everything sort of focuses on financial infrastructure,” Will Gaybrick, Stripe’s president of technology and business, said during a podcast discussion released Monday.

Gaybrick joined Andreessen Horowitz general partner David George on the firm’s podcast. Neither raised Stripe’s potential acquisition of OpenRouter during their discussion. The venture capital firm has invested in OpenRouter and Stripe.

OpenRouter was founded in 2023 to help software developers select AI models for their work tasks.


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