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Stripe will reportedly acquire AI gateway startup OpenRouter for $7B+

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Stripe has finalized a deal to acquire OpenRouter, according to a new report in Bloomberg.

OpenRouter helps customers to select different AI models to perform different tasks, depending on their specific needs and budget. The company announced in May that it had raised a $113 million Series B, at a reported $1.3 billion valuation. (Investors include Sequoia, Andreessen Horowitz, Menlo Ventures, and Alphabet’s Capital G.)

At the time, OpenRouter CEO Alex Atallah described the company as the equivalent of Stripe for AI, because it provides customers with a single access point for different systems and prevents lock-in. The startup also claimed to have 8 million global users and to provide access to more than 400 models.

The Wall Street Journal reported last month that Stripe and OpenRouter were in acquisition talks. Now, Bloomberg said those discussions have led to a deal price of more than $7 billion.

A Stripe spokesperson told TechCrunch that the company does not comment on rumors or speculation.

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Chaos in the Ring: Women Celebrities to Headline October Edition as Balmoral Boss Speaks on Portable-Okocha Episode

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The October edition of Chaos in the Ring is set to take a new dimension, with Balmoral International Group boss, Ezekiel Adamu, revealing that women celebrities are being lined up to headline the next edition of the fast-growing boxing entertainment series.

Adamu, who spoke exclusively with Sports247, said preparations are already at an advanced stage, promising fans another memorable night when the event returns in October.

Read Also: Anthony Joshua’s Commitment To Training Sessions Motivates Me To Succeed In Boxing – Destiny Omo Ologo

“We are looking at getting women celebrities and we are almost done. The October edition of Chaos in the Ring will be the biggest yet. I won’t let the cat out of the bag yet, but you can be rest assured that the fans will have another memorable moment as our matchmakers are working on some huge fights,” Adamu said.

The Balmoral boss also explained the broader vision behind the event, stressing that Chaos in the Ring is designed to use boxing and entertainment as tools for youth engagement, tourism and national development.

According to him, sport has the unique ability to bring people together regardless of religion, politics or social background.

“Sports unite everyone. We don’t care about religion, political power or anything. We just dive into it. That’s what we are using sport as a tool for tourism and youth education,” he said.

Adamu also highlighted Balmoral’s ambition to build stronger international relationships and create opportunities for Nigerian fighters to compete on bigger stages.

He disclosed that the organisation has continued to strengthen its relationship with international promoters, with the long-term objective of having Nigerian boxers feature on major international cards.

“Bit by bit, brick by brick, we are getting there. We should be having a lot more world champions here in Nigeria, built in Nigeria and belonging to Nigeria,” he said.

On the controversial episode involving Portable and Okocha, Adamu admitted that the incident provided a major learning experience for the organisers.

He insisted that boxing events must protect the integrity of the sport and ensure that fighters honour their commitments once agreements are reached.

“I think we learned a lesson recently with the fight involving Portable and Okocha. It was a huge lesson. I don’t think we will be having that kind of fight where a fighter will just walk out of the ring without having to pay for it, the contracts all be tightened to prevent boxers walking away from fight without consequences”, Adamu stated.

He added that future editions would place greater emphasis on ensuring that fighters, spectators and other stakeholders have a professional experience.

Adamu also clarified Balmoral’s role as a promoter, stressing that the company does not manage the careers of the fighters it promotes.

He explained that managers are responsible for the long-term careers, training, welfare and financial interests of boxers, while Balmoral focuses on promotion and event creation.

“I always tell people, ‘know thyself.’ I know myself. I’m not a manager; I’m a creator,” Adamu said.

With the October edition already taking shape, expectations are high that Chaos in the Ring will continue to blend boxing, celebrity entertainment and sports promotion into one of Nigeria’s emerging combat-sports attractions.

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Adeleke’s victory reflects will of Osun voters – Fintiri

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Adamawa State Governor Ahmadu Umaru Fintiri has congratulated Osun State Governor, Ademola Adeleke, on his victory in the state governorship election.

This is contained in a statement signed by Humwashi Wonosikou, Chief Press Secretary to the Governor, on Sunday.

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