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The new efforts build on an existing partnership in which Stripe has used Nvidia’s accelerated computing platform to train the machine learning models that power parts of its financial infrastructure platform for businesses, the companies announced this week. In the new collaboration, Stripe will also further advance its AI and improve fraud detection for its customers.
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“At Stripe, we’ve 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 co-founder and CEO Patrick Collison said in the release.
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