"PayPal Holdings Inc. shares soared after it reached a deal with OpenAI to embed its digital wallet inside the firm's ChatGPT product. Hundreds of millions of OpenAI users already use the startup's generative artificial intelligence to find products, according to a statement. The new tie-up will mean PayPal provides the payment technology to turn those searches into actual purchases. Shares of PayPal, which had slumped almost 18% this year through Monday, surged 9.3% in early New York trading."
"Hundreds of millions of OpenAI users already use the startup's generative artificial intelligence to find products, according to a statement. The new tie-up will mean PayPal provides the payment technology to turn those searches into actual purchases. Shares of PayPal, which had slumped almost 18% this year through Monday, surged 9.3% in early New York trading. The service will offer multiple funding options as well as PayPal's buyer and seller protections and post-purchase services such as tracking and dispute resolution."
PayPal reached a deal with OpenAI to embed its digital wallet into ChatGPT. Hundreds of millions of OpenAI users already use the AI to find products. The integration will allow PayPal to provide payment technology that converts product searches into purchases within ChatGPT. PayPal will offer multiple funding options along with buyer and seller protections. Post-purchase services will include tracking and dispute resolution. PayPal shares rose 9.3% in early New York trading after the announcement. PayPal shares had fallen almost 18% earlier this year through Monday.
Read at www.mercurynews.com
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