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OpenAI's 'stunning admission': Maybe people don't want to book stuff inside ChatGPT [Business Insider]
Last booking holdings inc. earnings: 2/26 04:04 pm
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Have an account? Log in OpenAI wanted to handle bookings and other transactions on ChatGPT. Now, it might not. Shares of online travel agents Booking.com and Expedia surge on the news. TD Cowen analysts call OpenAI's retreat a "stunning admission." Not so long ago, OpenAI would announce a grand expansion, and stocks in the relevant sector would swoon. Now, the opposite is happening. News broke overnight that OpenAI is backing off from handling bookings and other purchases directly on ChatGPT . Instead, the AI startup is opting to push transactions into third-party apps. That sent shares of online travel agents Expedia and Booking.com soaring on Thursday. The shift, reported by The Information, amounts to a notable strategic retreat. OpenAI had been testing integrated checkout features inside ChatGPT, allowing users to book hotels or buy products without leaving the chatbot. Now, the company is evolving its commerce strategy and moving its Instant Checkout feature into a
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NEWS
- Agoda Highlights Indonesia's Rainy Season Destinations for Unique Adventures[PR Newswire]
- Online travel stocks rise after report that OpenAI to scale back direct checkouts [Yahoo! Finance][Yahoo! Finance]
- Investors Receive I-526E Approvals in 4 and 8 Months for High-Unemployment TEA EB-5 Project [Yahoo! Finance][Yahoo! Finance]
- Booking Holdings Inc. (BKNG) Poised to Thrive in an AI-Driven Travel Market [Yahoo! Finance][Yahoo! Finance]
- The First Direct Booking App for Hotels Launches in ChatGPT, Powered by Lighthouse [Yahoo! Finance Canada][Yahoo! Finance Canada]
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