Band And Nvidia has expanded their collaboration to enhance Stripe’s AI-powered capabilities and allow developers and businesses to prepay for certain Nvidia cloud services.
These new efforts build on an existing partnership in which Stripe used Nvidia’s accelerated computing platform to train the machine learning models that power parts of its enterprise financial infrastructure platform.THE the companies said in a Wednesday (October 9) press release.
“At Stripe, we’ve been busy building a set of useful features for AI products in general, including usage-based billing to manage inference costs, Link for higher converting payments and support for much more local payment methods since these products are typically global from day one,” Stripe co-founder and CEO Patrick Collison said in the release.
Stripe’s AI-powered features also include its Optimized payment suitewhich uses AI to determine which payment methods to show to each customer; Stripe Radarwhich uses AI to improve the speed and accuracy of fraud detection; And Radar Assistantwhich uses AI to allow companies to define new fraud rules by describing them with natural language prompts, according to the release.
As part of the new collaboration with Nvidia, Stripe will further advance its AI and improve fraud detection for its customersindicates the press release.
Additionally, by allowing developers and businesses to prepay for certain Nvidia cloud services, Stripe will expand global access to Nvidia GPUs and AI software, according to the release.
“Stripe was an early pioneer of Nvidia’s AI platform and today is an industry leader enabling businesses around the world to use AI to develop new growth engines,” said the founder and CEO of Nvidia. Jensen Huang said in the release.
While Patrick Collison and John Collison founded Stripe in 2009 to enable acceptance of online paymentsthey quickly received requests for additional, unexpected features beyond payments.
“What businesses want, we realized, are software-defined financial services – a layer that ties together the existing financial ecosystem in such a way that money becomes programmable, in real time, and with global coverage comprehensive, with rich data to enable business insights. and ML,” John Collison said in April during the keynote speech at Stripe’s annual user conference in San Francisco.
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