PayPal PYPL-Q said on Tuesday it entered into a deal with OpenAI that will allow ChatGPT users to buy products using the payment firm’s wallet, sending its shares up 13 per cent in premarket trading.

The company also raised its financial outlook for the year and announced its first-ever dividend in its 27-year history, signalling confidence in its cash generation and long-term profitability.

PayPal said the OpenAI partnership will connect its global merchant network to ChatGPT, allowing users to sell within the wildly popular generative AI tool.

AI shopping tools are emerging as the next big shift in online retail, as they can autonomously research, compare and purchase products for consumers.

These tools act as digital assistants by understanding user preferences, setting budgets, e

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