From FinViz (also on blogroll at right):
There's a news story re: OpenAI but looking at the chart the stock has been knocking at the breakout door for a while.
From Barron's:
Walmart Teams With OpenAI for ChatGPT Purchases. The Retailer Is ‘Ahead of the Curve.’
Consumers can ask AI almost anything, including whether that jacket they’re eyeing is cute. Now Walmart
WMT +4.09% shoppers can buy items directly from chatbots, too.
Walmart said Tuesday that it’s teaming up with OpenAI to allow customers to purchase its products through ChatGPT using Instant Checkout.
The world’s biggest retailer has already incorporated plenty of cutting-edge technology in its business, including artificial intelligence tied to product discovery and recommendations. This announcement goes a step further by allowing customers to shop ChatGPT recommendations directly.
Other companies have also been moving to integrate AI with shopping. At the end of September, OpenAI said consumers would be able to buy Etsy merchandise directly from its platform, with other Shopify merchants on the way.
Just as AI recommendations and chatbots have begun to eat away at general internet search, consumers are starting to turn to the technology to find specific products, instead of a search engine. Walmart and other consumer-facing companies already have AI-enabled search on their websites.
And retailers aren’t the only ones benefiting. While AI has been growing by leaps and bounds, investors have wondered how that growth can be monetized, much like social media before it. In-platform shopping and affiliate links are one option to link sales directly to AI use.
Analysts are happy with Walmart’s news....
....MUCH MORE
Recently:
