Stripe's OpenRouter Acquisition Wasn't Really About Chasing the AI 'Singularity'
AI News Brief: Stripe confirmed Wednesday it’s acquiring OpenRouter for $7.05 billion, far above the company’s $1.3 billion valuation from this past May. According to The New York Times, the founding team alone will pocket $1.5 billion from the deal — more than the company’s entire valuation just three months ago — while the remaining $6 billion goes to investors. Stripe reportedly beat out other bidders, including Databricks, to land the fast-growing startup.