Stripe's stubborn refusal to IPO hasn't dimmed its acquisition ambitions.
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Stripe has agreed to acquire AI model marketplace OpenRouter for more than $8 billion in cash and stock, Axios has learned.
Why it matters: Stripe's stubborn refusal to IPO hasn't dimmed its acquisition ambitions, despite its lack of a public currency, as this deal comes amidst ongoing efforts to buy PayPal.
The talks say a lot about Stripe's ambition to represent the "GDP of the internet."
After weeks of speculation, Stripe has announced that it is acquiring New York-based AI marketplace OpenRouter.
While the companies did not disclose the value of the deal, a source familiar with the matter, who requested anonymity to discuss…
Stripe is in talks to buy AI model-marketplace OpenRouter for around $10bn, the WSJ reports, roughly eight times its $1.3bn…
Stripe has confirmed its deal to buy AI model router OpenRouter. No price was disclosed; the NYT reports $7.5bn, Axios more than…
Stripe is purchasing OpenRouter for approximately $7.5 billion, signaling its strategic move into AI model markets to optimize…
