[AINews] Stripe buys OpenRouter for $7B

Reports indicate that Stripe is nearing the completion of its $7 billion acquisition of OpenRouter, just 90 days after its $1.3 billion Series B funding round. OpenRouter's last reported revenue was $140 million annually, reflecting a standard 50x multiple for a leading AI company. OpenRouter boasts a gross profit margin of around 70%, with annual costs for its model-routing product at approximately $40 million, yielding a gross profit of $100 million. This financial performance positions it alongside high-performing publicly traded software firms.