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