Lead Signal
Stripe Paid $7B for OpenRouter. Nvidia Halved Its OpenAI Guarantee—Two Signals, One Weekend.
Two deals from the same weekend sent one signal: AI capital is being revalued. Stripe paid $7 billion for OpenRouter—valuing the software layer at a premium. Nvidia halved its OpenAI guarantee from $250 billion to $120 billion—repricing the hardware layer. The…