OpenAI Exposed as Seeking to Diversify Revenue: ChatGPT AI to Integrate Payment Systems, Pump E-Commerce Products

July 17 - The Financial Times published a blog post yesterday, July 16, reporting that OpenAI Company to further expandE-commercefunctions and seeking new revenues.schedule ChatGPT Take a percentage of commissions on online products sold directly.

OpenAI Exposed as Seeking to Diversify Revenue: ChatGPT AI to Integrate Payment Systems, Pump E-Commerce Products

Note: OpenAI is now displaying relevant merchandise in ChatGPT and offering the option to link to online retailers. OpenAI also announced a partnership with Payments Group in April of this year. Shopify Establishment of partnerships.

OpenAI now plans to integrate the checkout system into ChatGPT to ensure that users complete their transactions within the platform, with OpenAI receiving a percentage of commissions on orders received and fulfilled in this way, according to multiple people familiar with the proposal.

The integration means that OpenAI is looking to diversify its revenue streams away from a single model of paid subscriptions and also seek to cash in on its free user base.

The outlet noted that if consumers increasingly use AI chatbots to search and discover products, theThen it's bound to threaten Google's business model.

This feature is still in development and details are subject to change. However, partners such as OpenAI and Shopify have already begun showing early versions to brands and discussing financial terms.

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