OpenRouter attracted nine potential buyers before agreeing to sell to Stripe for more than $7 billion, underlining how aggressive AI dealmaking has become. Cheap capital and the rising cost of inaction are giving big tech companies more reason to move quickly. Read more:

OpenRouter attracted nine potential buyers before agreeing to sell to Stripe for more than $7 billion, underlining how aggressive AI dealmaking has become. Cheap capital and the rising cost of inaction are giving big tech companies more reason to move quickly. Read more:

OpenRouter attracted nine potential buyers before agreeing to sell to Stripe for more than $7 billion, underlining how aggressive AI dealmaking has become. Cheap capital and the rising cost of inaction are giving big tech companies more reason to move quickly. Read more:

OpenRouter is an LLM gateway, not a router. Some of the investment in routers may be missing the plot. 80% of the work in building a good router is building a good eval. The routing logic is the easy part.

OpenRouter is joining Stripe: As anyone who uses it knows, @OpenRouter is a truly delightful developer tool. It is by far the best way to use new models and manage multiple inference providers. OpenRouter is also playing an increasingly important role: in the future, every business will have to manage both revenue flows and token flows. OpenRouter is the world's leading token marketplace, helping businesses effectively allocate the new currency of intelligence capital. We think that there's a lot to build together.

OpenRouter was always a small margin business: 5% take rate on GMV minus credit card costs. Stripe can squeeze out 20-30% more margin out of the business on day 1 while adding billions in processing volume to its core credit card business.