Nvidia, which was founded in 1993 and is based in Santa Clara, California, has consistently made headlines as artificial intelligence technology gained widespread attention.

"To date, Stripe has not publicly announced its use of, or reliance on NVIDIA's technology," Stripe spokesperson Susie Hall said in an email.

Stripe also announced new partnerships with the tech giant Amazon, the entertainment company AMC Networks, the electric carmaker Rivian, the soda and snack company Pepsi, and the IT management company Cloudflare.

The news releases gave only a few details about those partnerships. The Irvine, California-based Rivian, for example, will use Stripe’s payment software for transactions such as pre-orders and the purchase of streaming subscriptions.

And the partnership with the Philadelphia-based FreedomPay will let large merchants use Stripe’s payment software on their existing point-of-sale systems, one of Wednesday’s news releases said.

"The current pace of change means there’s enormous untapped potential to improve global access to cutting-edge AI technology," Stripe CEO Patrick Collison said in one release, referring to the new partnership with Nvidia.

Stripe has been using Nvidia artificial intelligence software to improve a fraud detection service it rolled out in 2016, one of the news releases said. The company’s programs also improved a natural language prompt Stripe uses to let customers set their own fraud detection rules rules.

Stripe said it plans to keep improving the fraud detection service, and other offerings, with an added assist from the Nvidia artificial intelligence software.

By Patrick Cooley on Oct 11, 2024
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