With earnings on tap, Microsoft touches $4 trillion again
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Microsoft prepares to spend more on AI
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The payments giant raised full-year guidance, instituted a first-ever dividend, and unveiled a ChatGPT partnership to embed shopping inside AI app.
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PayPal Stock Surges on OpenAI Partnership. Oh Yeah, It Reported Earnings, Declares Dividend, Too.
Also on Tuesday, the company unveiled a collaboration with OpenAI that will allow users to check out through ChatGPT using PayPal. The company will also support payment processing for merchants who use OpenAI’s Instant Checkout feature. The collaboration is part of a broader push into “building for an agentic future,” Chriss said.
In the new agreement, Microsoft gets a 27% stake in OpenAI's for-profit business, the OpenAI Group PBC, worth around $135 billion.