US EditionPYPL Surges 13% On PayPal–OpenAI Deal: $80 Breakout Line Now In Play - PayPal Holdings (NASDAQ:PYPL)
- On Tuesday, PayPal Inc. announced a deal with OpenAI to embed its digital wallet in ChatGPT, with the agreement sealed over the weekend and integration starting next year.
- The deal reflects PayPal's push to scale AI-assisted shopping for its large user base, aiming to help 700 million-plus weekly users shop safely by merging verified consumers and merchants, Chriss said.
- The integration adds a 'buy with PayPal' button inside ChatGPT, allowing payments from linked bank accounts, cards, or PayPal balances with protections, while PayPal manages merchant routing and payment validation.
- Investors cheered the announcement, sending PayPal stock sharply higher to $79.72, with shares rising about 13.5% in pre-market trading as the company raised its full-year adjusted earnings forecast to $5.35 to $5.39 per share.
- Adopting the Agentic Commerce Protocol lets PayPal surface merchant catalogs inside AI apps, connecting tens of millions of PayPal merchants to ChatGPT and expanding OpenAI tools for 24,000 employees.
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PayPal reaches deal to put digital wallet into OpenAI’s ChatGPT
(Bloomberg/Steve Dickson) — 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. Related Articles Open…
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