PayPal and OpenAI Announce ChatGPT Payment Partnership
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PayPal and OpenAI announced a new partnership that integrates the payment firm's wallet directly into ChatGPT, allowing users to purchase products from within the popular AI tool. News of the deal sent PayPal’s stock surging 13% in premarket trading. The company also raised its annual financial forecast and declared its first-ever dividend in its 27-year history, signaling strong confidence in its cash generation and long-term financial health. The collaboration connects PayPal’s global merchant network to ChatGPT. This positions the company in the new market of AI shopping agents that autonomously research, compare, and buy products for people.
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