OpenAI to take a commission from ChatGPT online shoppers
The post OpenAI to take a commission from ChatGPT online shoppers appeared on BitcoinEthereumNews.com. OpenAI is preparing on taking a percentage of sales when users buy products directly via ChatGPT using its built-in checkout feature, part of its effort to build out e-commerce tools and boost revenue. The company already presents product suggestions in ChatGPT, with links that send users to outside retailers. In April, it teamed up with payments provider Shopify to explore deeper shopping integrations. Financial Times reported that OpenAI now intends to add a built‑in checkout feature so purchases can happen without leaving the chat interface. Merchants who handle and ship these orders would pay OpenAI a commission on each sale. This push represents a notable change for the San Francisco‑based start‑up, which is still running at a loss despite a valuation of about $300 billion. Until now, most of its income comes from subscription fees for premium services. Commissions on e-commerce sales would become a new revenue source for OpenAI By cutting a percentage from transactions by users on the free tier, OpenAI would unlock a new source of income that it has not yet tapped. The move also raises the stakes for Google, as more people turn to chatbots for searching and finding products instead of using traditional search engines. Because the checkout feature remains under development, specifics could shift before launch. Still, OpenAI and Shopify have shown early versions of the system to companies and hashed out details of their financial arrangement, according to the insiders. Shopify supplies technology that other platforms can adopt for checkout. It already underpins shopping features on social apps like TikTok, letting users buy items without leaving the host site. At present, ChatGPT’s product suggestions appear based on how well they match a user’s question and any context the model has, such as past interactions or a budget limit supplied in instructions. A recent…
The post OpenAI to take a commission from ChatGPT online shoppers appeared on BitcoinEthereumNews.com.
OpenAI is preparing on taking a percentage of sales when users buy products directly via ChatGPT using its built-in checkout feature, part of its effort to build out e-commerce tools and boost revenue. The company already presents product suggestions in ChatGPT, with links that send users to outside retailers. In April, it teamed up with payments provider Shopify to explore deeper shopping integrations. Financial Times reported that OpenAI now intends to add a built‑in checkout feature so purchases can happen without leaving the chat interface. Merchants who handle and ship these orders would pay OpenAI a commission on each sale. This push represents a notable change for the San Francisco‑based start‑up, which is still running at a loss despite a valuation of about $300 billion. Until now, most of its income comes from subscription fees for premium services. Commissions on e-commerce sales would become a new revenue source for OpenAI By cutting a percentage from transactions by users on the free tier, OpenAI would unlock a new source of income that it has not yet tapped. The move also raises the stakes for Google, as more people turn to chatbots for searching and finding products instead of using traditional search engines. Because the checkout feature remains under development, specifics could shift before launch. Still, OpenAI and Shopify have shown early versions of the system to companies and hashed out details of their financial arrangement, according to the insiders. Shopify supplies technology that other platforms can adopt for checkout. It already underpins shopping features on social apps like TikTok, letting users buy items without leaving the host site. At present, ChatGPT’s product suggestions appear based on how well they match a user’s question and any context the model has, such as past interactions or a budget limit supplied in instructions. A recent…
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