Stripe strengthens ties with Nvidia to expand AI reach

Co-founder of Stripe sees collaboration with Nvidia as key to unlocking the potential of AI technology.
Nvidia is set to manufacture AI supercomputers entirely in the US, marking a major shift in chip production and supply chain localisation.

Stripe has announced a new collaboration with Nvidia to enhance its AI offerings and improve fraud detection. The deeper partnership will see Stripe integrating Nvidia’s advanced AI technology, enabling global developers and enterprises to access GPUs and AI software through Stripe’s payment platform.

This collaboration highlights Stripe’s focus on leveraging Nvidia’s capabilities to support AI products. Stripe has introduced new features, including usage-based billing and enhanced global payment methods, to accommodate AI products that are international from the start.

Patrick Collison, Stripe’s co-founder, praised Nvidia’s role in advancing AI technology, while Nvidia’s CEO, Jensen Huang, recognised Stripe’s leadership in enabling businesses to use AI to fuel growth. The partnership comes as Stripe continues to integrate AI into services like Stripe Radar, which recently received AI-driven upgrades to boost fraud prevention.

Stripe, valued at $70bn as of July, has consistently relied on Nvidia’s computing platform to train its machine learning models. This expanded partnership is expected to drive further growth and innovation in AI technology.