Stripe deepens collaboration with NVIDIA to enhance Stripeâs AI-powered capabilities and expand global access to NVIDIAâs AI platform
Stripe, a financial infrastructure platform for businesses, today announced a new collaboration with NVIDIA that will advance AI for Stripe and improve fraud detection for its customers. With Stripe, NVIDIA will expand global access to NVIDIA GPUs and NVIDIA AI software, by enabling developers and enterprises to prepay for select NVIDIA cloud services.
âNVIDIA is one of the companies we most admire: they set the standard for innovation, long-term time horizons, and speed. Weâre excited to deepen our long-standing partnership,â said Patrick Collison, Stripe cofounder and CEO. âAs the folks at NVIDIA know well, the current pace of change means thereâs enormous untapped potential to improve global access to cutting-edge AI technology.â
âAI is advancing at an incredible pace, with enterprises worldwide racing to incorporate its value into their everyday business operations,â said Jensen Huang, founder and CEO of NVIDIA. âStripe was an early pioneer of NVIDIAâs AI platform and, now, is an industry leader enabling businesses worldwide to use AI to develop new engines for growth.â
For much of its history, Stripe has relied on NVIDIAâs accelerated computing platform to train its machine learning models. At its current scale, processing more than a trillion dollars a year, Stripe is well positioned to put AIâand in particular, NVIDIAâs AI platformâto work to help businesses drive growth. Stripeâs Optimized Checkout Suite enables businesses like OpenAI, Slack, and River Island to build a high-performing checkout flow, using AI to determine which payment methods to show for any given customer. Stripe Radar, too, uses NVIDIAâs AI platform to help improve the speed and accuracy of fraud detection. Earlier this year, Stripe unveiled Radar Assistant, an AI-powered feature that allows businesses to use natural language prompts to describe new fraud rules theyâd like to set. Stripe also makes it easy for any engineer to develop on NVIDIA Tensor Core GPUs and iterate on Stripe Railyard.
âAt Stripe, weâve been busy building a bunch of functionality that's useful for AI products generally, including usage-based billing to handle inference costs, Link for higher-converting checkouts, and support for a lot more local payment methods since these products are typically global from day one. Stripe Billing, in particular, has seen major uptake by AI companies,â Collison said.
In April, Huang joined Collison for a fireside chat at Stripe Sessions, Stripeâs annual user conference. Their conversation covered a range of topics, including the challenges and opportunities of leading high-growth organizations, the evolution of generative AI, and NVIDIAâs leadership in, as Huang described it, AIâs ânew industrial revolution.â