By Aditya Soni and Arasu Kannagi Basil
Aug 19 (Reuters) - 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.
AI marketplace platforms like OpenRouter allow developers to send queries to dozens of AI models through a single interface, making them a popular testing ground for new systems.
#aditya
Aug 19 (Reuters) - 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.
AI marketplace platforms like OpenRouter allow developers to send queries to dozens of AI models through a single interface, making them a popular testing ground for new systems.
#aditya
2 hours ago
