OpenAI, the creator of the popular AI chatbot ChatGPT, is reportedly developing a new payment checkout system to be integrated directly within the platform. This strategic move could allow OpenAI to generate revenue by taking a commission from online product sales facilitated through ChatGPT.
The proposed system would enable merchants to sell products directly to users within the chatbot interface, with OpenAI receiving a cut from each transaction. While the checkout feature is still under development, OpenAI has already begun showcasing early versions of the system to various brands and discussing potential financial terms with partners.
Among the notable collaborators is e-commerce giant Shopify, which has been involved in presentations of the nascent payment system. This collaboration suggests a significant step towards transforming ChatGPT into a more comprehensive platform that extends beyond information retrieval and content generation to include direct commerce.
The integration of a payment system could position ChatGPT as a powerful new channel for online retail, offering a seamless shopping experience for users directly within their conversations with the AI. For merchants, it presents an opportunity to reach a vast audience through an innovative sales avenue.
While specific details about the commission structure and rollout timeline remain under wraps, this development signals OpenAI’s ambition to diversify its revenue streams and further embed its AI technology into the fabric of daily digital interactions.
Also read:Â Viksit Workforce for a Viksit Bharat
Do Follow: The Mainstream formerly known as CIO News LinkedIn Account | The Mainstream formerly known as CIO News Facebook | The Mainstream formerly known as CIO News Youtube | The Mainstream formerly known as CIO News Twitter |The Mainstream formerly known as CIO News Whatsapp Channel | The Mainstream formerly known as CIO News Instagram
About us:
The Mainstream formerly known as CIO News is a premier platform dedicated to delivering latest news, updates, and insights from the tech industry. With its strong foundation of intellectual property and thought leadership, the platform is well-positioned to stay ahead of the curve and lead conversations about how technology shapes our world. From its early days as CIO News to its rebranding as The Mainstream on November 28, 2024, it has been expanding its global reach, targeting key markets in the Middle East & Africa, ASEAN, the USA, and the UK. The Mainstream is a vision to put technology at the center of every conversation, inspiring professionals and organizations to embrace the future of tech.
