The one that matters
Stripe pays $7.5B for OpenRouter, and the token marketplace becomes payments infrastructure
Stripe confirmed it is acquiring OpenRouter for $7.5B - $1.5B to the startup's founders and $6B to its investors. OpenRouter says it keeps its name, product, and roadmap. Patrick Collison framed the deal around businesses soon managing 'both revenue flows and token flows', calling OpenRouter 'the world's leading token marketplace'.
Why it matters
Model routing just became payments infrastructure. If tokens are a metered spend sitting next to revenue, the neutral router that allocates them is worth owning - and the model-picker many AI builders rely on now belongs to the company that also moves their money. Watch whether provider neutrality survives ownership.
