Visa Embeds Payment Network in ChatGPT
In brief
- Visa has embedded its payment network in ChatGPT, allowing the chatbot to shop and complete transactions on behalf of users.
- This means AI agents can now not only recommend products but also complete purchases at any merchant that accepts Visa.
- Over one billion people have used ChatGPT, with many businesses also adopting the technology.
- Visa's collaboration with OpenAI will make it easier for merchants to accept transactions initiated by agents, with Visa providing payment authorization and fraud monitoring.
- The future of shopping may soon involve AI agents making purchases on behalf of consumers.
Terms in this brief
- ChatGPT
- A state-of-the-art language model developed by OpenAI, known for its ability to engage in human-like conversations and perform a wide range of tasks. It's the model behind many AI chatbots used today.
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