SUMMARYStripe is in talks to acquire AI startup OpenRouter for about $10 billion, according to a Wall Street Journal report cited by PYMNTS. OpenRouter provides a marketplace and routing software for accessing hundreds of large language models from providers including OpenAI and Anthropic, and its valuation would jump sharply from $1.3 billion in May. Stripe is also pursuing a separate bid for PayPal.
An anonymous reader quotes a report from PYMNTS.com: Stripe is in talks to buy OpenRouter, an artificial intelligence (AI) startup that could sell for roughly $10 billion, according to The Wall Street Journal. The move would mark a significant step outside payments for a company that processes transactions for much of the internet. It also lands while Stripe pursues a far larger target: a bid for PayPal that would value the payments giant at about $53 billion.
The Journal reported Thursday (July 23) that a transaction could be announced soon, though the talks could still collapse or another buyer could step in. The exact price under discussion could not be learned. Several other large technology companies had also been weighing deals for OpenRouter. The startup was valued at $1.3 billion in May, according to PitchBook, meaning a sale near $10 billion would represent a steep markup in a matter of months. Its backers include Menlo Ventures and CapitalG, the growth fund of Google parent Alphabet.
OpenRouter sells software that lets customers reach AI models from OpenAI and Anthropic, along with open weight alternatives anyone can download and run. The Journal described the company's position this way: "OpenRouter is part of an emerging crop of startups that have found a lucrative niche between AI developers and the companies that want to use them." The platform lists hundreds of large language models and lets developers compare and switch between them.