- Bloomberg and TechCrunch reported on August 16 that payments giant Stripe reached a final agreement to acquire OpenRouter, a service that lets users switch between AI models.
- The deal values OpenRouter at more than five times its $1.3 billion valuation from its May Series B round.
Why it matters: The soaring valuation reflects surging demand for multi-model operations and signals payments and infrastructure firms accelerating their push into AI.
$7B+