Station F Expands AI Accelerator to Strengthen European Startup Pipeline

Stripe confirmed its acquisition of OpenRouter, a platform that aggregates access to hundreds of AI models including those from Anthropic through a single provider and billing system. The deal positions Stripe to capture value in the growing AI model marketplace while potentially diversifying beyond payment processing. The acquisition comes as Stripe is also reportedly in talks to acquire PayPal, signaling an aggressive M&A strategy after years of relative quiet.

Marvell Technology has granted Google the right to acquire up to $12.2 billion in Marvell stock as part of an expanded semiconductor partnership. The deal, which boosted Marvell shares 9.9% on Wednesday, signals deepening collaboration between the two companies on chip development. The arrangement gives Google a financial stake in Marvell while securing access to semiconductor capabilities.

Relativity Networks raised $22 million to commercialize hollow-core fiber technology for data center connectivity. The technology transmits data 30% faster than conventional fiber, addressing a bottleneck in high-speed infrastructure. The funding signals investor confidence in alternative fiber architectures as data centers scale.

Pennsylvania Governor Josh Shapiro signed an executive order on Tuesday requiring data center developers to make legally binding commitments on energy, environmental standards, and economic development before projects can proceed. The order establishes new permitting requirements that developers must satisfy to operate in the state. This represents a shift toward stricter oversight of data center expansion in Pennsylvania.