PayPal, OpenAI and ChatGPT
Digest more
OpenAI emphasizes that companies don’t need to register with ChatGPT to take advantage, as payment validation will be handled by PayPal. This should significantly reduce the risk of fraud for both shoppers and merchants, at least according to PayPal CEO Alex Chriss.
Next year, people using ChatGPT can make purchases on the platform through PayPal, which is bringing what the company calls "tens of millions of merchants" to OpenAI's popular chatbot. The deal between PayPal and OpenAI was first reported by CNBC,
OpenAI and PayPal announced a partnership to embed PayPal’s wallet in ChatGPT, enabling "chat to checkout" payments starting in 2026. The move leverages OpenAI’s Agentic Commerce Protocol and opens thousands of merchants to the chatbot.
Microsoft and OpenAI reached a deal to allow the ChatGPT maker to restructure itself into a public benefit corporation, valuing OpenAI at $500 billion and giving it more freedom in its business operations.