Stripe is making one of its biggest AI bets yet, agreeing to buy OpenRouter for more than $7 billion, according to sources.

OpenRouter, a platform that facilitates the exchange of AI models, has successfully raised $113 million in funding, with an investment arm of Alphabet backing the venture.

Payment processing company Stripe is reportedly in discussions to acquire the artificial intelligence startup OpenRouter in a deal valued at approximately $10 billion.

Chinese open-source artificial intelligence models, led by those from MiniMax AI and Moonshot AI, have topped global token usage, ending a year of market dominance for US developers, according to data from OpenRouter. Online AI hosting platform OpenRouter’s latest ranking reflected the increased international demand for Chinese open-source models on its site following a series of new releases. Launched around two weeks ago, the M2.5 from Shanghai-based MiniMax emerged as the most popular AI...

Stripe reportedly agreed to pay over $7 billion for OpenRouter. The prize is a real-time view of which AI models win workloads and where AI spending moves next.

OpenRouter, an AI platform offering over 400 models, has officially reached unicorn status after securing a $1.3 billion valuation.