Nvidia Missed OpenRouter. Then Its Deal Machine Got Busier.
Nvidia wanted OpenRouter, and it moved too slowly to get it. Company executives told the startup’s team that Nvidia intended to make a generous offer but needed more time to…
Hugging Face in Sale Talks at $13 Billion Valuation
SAN FRANCISCO — The first sign that something was in motion came late Sunday, when bankers who had spent the weekend working the phones declined to say who was calling.…
Stripe to Buy AI Model Platform OpenRouter for About $7.5 Billion
A startup founded in 2023 that routes developers’ AI requests across hundreds of models is being absorbed into the payment company that already processes much of the internet’s commerce. Stripe…
OpenRouter’s Fivefold Jump Shows What AI Traffic Is Worth
NEW YORK — A little more than three months ago, OpenRouter raised money at a valuation of about $1.3 billion, with GV, Alphabet’s venture arm, leading the round. On Sunday,…
Stripe Nears Finish Line on $7 Billion OpenRouter Purchase
SAN FRANCISCO — The two companies had been circling each other since midsummer, and by Sunday the outline of a deal was firm. Stripe, the payments giant, has finalized an…
PayPal Revives Sale Talks as Stock Trades Above Offer Price
On Friday, PayPal’s shares closed at $61.67. The takeover bid that a consortium put on the table in July was $60.50 a share. The market, in other words, has already…
X Ends Revenue Sharing, Turns to Original Content Rewards
X announced on August 8 that it is winding down its creator Revenue Sharing program and replacing it with a new plan called Original Content Rewards, saying the old system’s…
Visa, Stripe, and Google Back an Open Standard for AI-Agent Payments
The scenario sounds like science fiction until you think about how much of it already exists. An AI assistant renews a subscription, pays for a cloud service it uses on…
Blackstone’s Retail Fund Posts Best Month on Anthropic Stake
A letter that went out to investors in Blackstone’s flagship retail fund this month carried a figure the firm had never printed for the vehicle before. Class I shares of…
