Here's Stripe's letter to investors explaining its acquisition of OpenRouter (LEAKED)

https://x.com/EricNewcomer/status/2090133049291788434

How in god's name is openrouter worth $7,000,000,000? Can somebody explain to me, or is everything to do with AI just astronomically overvalued these days.

Just a reminder that cortecs.ai exists. Pretty much the same as OpenRouter but build in Europe.

So what's the endgame? Typical late acquisitions are meant to destroy things. What will they destroy with this merger? Openrouter has no moat.

Congratulations to the OpenRouter team!

Shut up and take my money (via Stripe)!

Reminds me of eBay acquiring Skype

Congratulation to all who exit at $7b after 3 years, but I have only one question: what problem does this acquisition fix? Did OR lack infrastructure? experience? what was the main drive, other than money, for sale?

Because after PayPal, Stripe is the biggest graveyard of frozen accounts who would be otherwise perfectly fine, but some AI decided that this card from this country at this price = send the account to null.

So while before you had comfort of using OR, right now you will have Stripe emps and their AI overseeing your queries. And don't get me wrong - Stripe will love you! But once someone pulls the lever - good luck getting at least explanation why they had to boot you out. I never heard of an account being reinstated. This will be like this, only your queries instead of CC charges, will be inspected.

I don't see how this is beneficial to anyone, esp. OR users. RIP OpenRouter.

Fees will magically appear between agents where they don't need to be

What could go wrong

It's honestly insane how valuable so many startups end up being just from AI, wonder if therels ever going to be another breakthrough like this for future people