Microsoft (MSFT)-backed OpenAI plans to take a cut from online product sales made directly through ChatGPT, The Financial Times’ Cristina Criddle, Hannah Murphy, and Daniel Thomas report. According to multiple people familiar with the matter, OpenAI is looking to integrate a checkout system into ChatGPT, ensuring users complete transactions within the platform, instead of clicking through links to online retailers, and merchants that receive and fulfill orders will then pay a commission to OpenAI. Shopify (SHOP) offers checkout technology that can be integrated into other online services, the report notes.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MSFT:
- Microsoft Stock (MSFT) Gets Bullish Nod from Jefferies as a ‘Top AI Winner’
- Microsoft price target raised to $581 from $512 at Cantor Fitzgerald
- Microsoft price target raised to $540 from $500 at Mizuho
- Nvidia CEO Cashes In $38M from Stock Sale as NVDA Reaches New Highs
- Pentagon Awards $800M in AI Contracts: How Google, Microsoft, and Palantir Could Gain