STRIPE has agreed to acquire AI startup OpenRouter for over $7 billion, following OpenRouter's recent $113 million Series B funding round. OpenRouter is recognized as the largest AI API intermediary hub globally, offering robust features like intelligent routing and vendor independence, supporting over 400 models from various providers. The acquisition price is noteworthy, surpassing initial speculation of OpenRouter's valuation approaching $10 billion.
OpenRouter's business model involves reselling APIs from major AI corporations, generating substantial revenue through a 5% commission on user consumption. No official statements from either company have been released yet, indicating the transaction's final details may still be under negotiation.