Stripe acquires OpenRouter for $7B, repricing the model routing layer

[AINews] Stripe buys OpenRouter for $7B

Stripe is acquiring model router OpenRouter for $7B, just 90 days after its $1.3B Series B. OpenRouter had $140M annualized revenue, ~$100M gross profit at 70% margin, and 250T tokens/month volume. The 50x multiple is standard for top-tier AI, but routing margins are under pressure—both OpenRouter and Vercel cut GPT-5.6 Sol pricing. The post also covers OpenAI's 8 GW Ohio campus plan, Cursor's Origin launch aiming to own the full dev loop, multi-agent systems moving from demos to operating patterns, and Vanta/LangChain productizing sandboxed agent execution.

Why it matters: Stripe's $7B acquisition of OpenRouter is the biggest AI infra deal this year, putting a concrete 50x multiple on the routing layer. $140M ARR, 70% gross margins, and 250T monthly tokens turn this from rumor into a benchmarkable data point. Not a 95 because it's single-source ...