San Francisco-based payments company Stripe announced on Aug. 19 that it will acquire AI model routing platform OpenRouter.
Founded in 2023, OpenRouter helps businesses evaluate each AI request and directs it to the optimal model based on complexity, price, speed, and reliability.
Stripe said the startup’s platform will be used to improve efficiency while reducing token costs for AI. Tokens are units of text that AI processes, and usage is billed accordingly.
“OpenRouter is 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,” Patrick Collison, cofounder and CEO of Stripe, said on LinkedIn. “We think that there’s a lot to build together.”…