Reported about 18 hours ago
PayPal's shares surged following the announcement of its partnership with OpenAI, aimed at enhancing e-commerce transactions through ChatGPT. The collaboration allows ChatGPT users to utilize PayPal's consumer protection while retailers integrate PayPal's payment tools. PayPal also reported better-than-expected third-quarter results, raising its fiscal outlook, which has contributed to consumer trust in shopping via AI platforms. As PayPal expands its role in agentic commerce, it positions itself alongside other major retailers, indicating a growing confidence in AI-assisted shopping.
Source: YAHOO