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  • 3 months ago
PayPal surged 11% amid speculation it could power OpenAI’s AI-driven shopping ecosystem. With ties to Shopify and Google, CEO Alex Chriss is steering PayPal toward AI commerce through new tools, buybacks, and financing deals.

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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02PayPal shares rallied 11% in five days to near $76 as speculation grows that it can become
00:07the payment's backbone for OpenAI's AI-driven shopping ecosystem, according to Benzinga.
00:13A wave of new product launches and upbeat analyst sentiment has revived speculation
00:16about PayPal's potential role in enabling AI-powered shopping through JetGPT.
00:21PayPal's existing partnerships with Shopify and Google suggest a coordinated foundation
00:25for its role in powering OpenAI's AI-driven commerce ecosystem.
00:28CEO Alex Chris is reshaping PayPal into an AI-driven commerce platform through personalized
00:34checkout tools, major buyback, and a BNPL financing deal with Blue Owl Capital.
00:39For all things money, visit Benzinga.com.
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