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Walmart shares jump 5% on OpenAI e-commerce deal

CNBC · Recent
CNBC
CNBC
Recent

Walmart’s stock jumped 5% after announcing a new partnership with OpenAI to integrate AI-driven tools into its e-commerce operations, aiming to enhance online shopping and customer experience.

Breakdown
  • Walmart's stock rose 5% after announcing a partnership with OpenAI.
  • Customers can now shop directly within ChatGPT using Walmart's Instant Checkout tool. 5s
  • OpenAI stated that Walmart will not receive priority placement in ChatGPT search results. 26s
  • The financial terms of the deal are undisclosed, with merchant fees negotiated case by case. 47s
  • The partnership is seen as a major step in AI-driven commerce, boosting Walmart's market value by $41 billion. 1m 8s
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