Stripe reportedly acquires OpenRouter, the AI model router, for over $7bn
Stripe has, according to Bloomberg, finalised a deal to buy OpenRouter for more than $7bn. The payments giant declined to comment, and the sum is not officially confirmed, but the reported number tells its own story about where the smart money in AI now thinks the durable profit lies.
OpenRouter is what the industry calls an AI gateway, or a model router. In plain terms, it gives developers a single doorway to more than 400 models, and lets them switch between providers such as OpenAI, Anthropic and Google according to price, speed or mood, without rewriting their code or marrying any one lab.
Roughly 8 million users now pass through it, drawn by the promise of never being held hostage by a single vendor’s pricing or downtime. The pitch is neatly captured by chief executive Alex Atallah, who has called OpenRouter “the equivalent of Stripe for AI”, a comparison...
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