Stripe unveils an artificial intelligence model for payments and announces a 'closer partnership' with Nvidia.

Stripe, the renowned fintech company, held its annual Stripe Sessions event, where various significant innovations were announced. Among the highlights is a new artificial intelligence (AI) model designed to enhance payment processes, accounts backed by stablecoins, an Orchestration offering, and a recent partnership with Nvidia, a major player in the semiconductor industry.

Stripe's new model in the payment sector has been trained using tens of billions of transactions, allowing it to identify a wide range of subtle signals that could go unnoticed by other models. Emily Glassberg Sands, Stripe's Chief Information Officer, stated that this advancement represents an improvement in fraud detection, achieving an 80% reduction in card verification attacks over a two-year period. With the new model, the company claims to have increased the detection rate of such attacks in large businesses by 64% almost immediately.

In addition to Stripe, other fintech companies are also developing AI-based fraud detection models. A notable example is Sardine, which recently raised $70 million in a funding round.

Will Gaybrick, Stripe's President of Product and Business, explained that the company's model is based on self-supervised learning, enabling it to discover its own features, thus offering greater agility and adaptability to constantly changing fraud patterns.

Stripe also announced its intention to launch multi-service cards backed by stablecoins, allowing companies from different countries to operate in a common currency for the first time, partnering with startups like Ramp, Squads, and Airtm. This news comes three months after Stripe's acquisition of the stablecoin platform Bridge.

The new Orchestration offering aims to better assist businesses in configuring, managing, and optimizing their performance across multiple payment providers from a single dashboard, regardless of whether they use Stripe as their payment processor.

During the event, several AI companies that utilize Stripe's billing product were mentioned, including windsurf, OpenAI, Anthropic, Cursor, Perplexity, and ElevenLabs. Additionally, Nvidia completed the migration of its entire subscriber base to Stripe Billing in six weeks, a process that typically takes several months and is considered the fastest migration to this platform.

Other important announcements included support for 25 new payment methods, including UPI and PIX, the availability of Klarna in Stripe's consumer payments product Link this summer, and the compatibility of Stripe Terminal with third-party hardware, starting with Verifone. Managed Payments, a new offering that allows businesses to enter new markets by managing global taxes, fraud prevention, dispute handling, and other aspects, was also introduced. "Smart Disputes," a feature that employs artificial intelligence to automate dispute handling, and enhancements to Stripe Tax, which is now available in 102 countries, complete the updates.