It hasn't emerged unscathed, seeing its private valuation cut sharply during the startup crash. Stripe was valued at $65 billion as of the tender offer it completed in February, an increase from its last private valuation of $50 billion – albeit still far from its high of $95 billion in 2021. In its annual letter published in March, Stripe revealed that it surpassed $1 trillion in total payment volume in 2023, up 25% from 2022. "Stripe's business is the healthiest it's ever been," president and co-founder John Collison told CNBC in April. Stripe says it's also benefiting from a new wave of optimism in Silicon Valley, even if it isn't primarily an AI company.

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Persons: hasn't, John Collison, We're, it's, disruptors OpenAI Organizations: PayPal, CNBC Locations: Silicon Valley