Stripe to buy OpenRouter for over $8B, a 5x markup in three months

Stripe agreed to acquire OpenRouter for more than $8 billion in cash and stock — roughly 5x the $1.3 billion valuation it raised at in May — while separately pursuing PayPal. Buying the gateway that routes requests across hundreds of models on price, speed, and reliability puts Stripe in the model-switching layer between developers and providers, not the payments layer alone.

Source: axios.com ↗