Etsy, OpenAI and ChatGPT
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Etsy Stock Falls As Analyst Calls OpenAI Deal Excitement 'Overdone'
OpenAI on Monday announced a new product called Instant Checkout, which allows ChatGPT users to purchase items from U.S. Etsy sellers without leaving the hit chatbot's interface. Etsy is the first partner, with OpenAI planning to soon integrate Shopify sellers as well.
Although ETSY stock may be down sharply following the underlying company’s partnership with OpenAI’s ChatGPT, there may be more to this story than just the headlines.
Etsy is leveraging artificial intelligence to reignite growth across its platform, a decision that has caused significant volatility in its stock price. Etsy Stock price surges 12% after AI deal. Analysts say enthusiasm overdone;
OpenAI has launched a new shopping system in ChatGPT, enabling users to buy products directly from U.S. Etsy sellers with “Instant Checkout.” Shopify merchants like Glossier, Skims, Spanx, and Vuori w
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Why Etsy Sank Today
Shares of homemade goods-related e-commerce site Etsy (NASDAQ: ETSY) sank 12.3% on Monday as of 1:44 p.m. ET. The magnitude of Etsy's fall today was likely augmented by a big surg
Paid and free users of ChatGPT can hit the buy button for single Etsy or Shopify purchases without navigating out of the chat. OpenAI says it’s a first step toward “agentic” commerce.
What To Know: OpenAI announced it’s rolling out Instant Checkout, powered by the Agentic Commerce Protocol, enabling U.S. ChatGPT users to purchase directly from U.S. Etsy sellers without leaving the chat. Over a million Shopify merchants — including Glossier, SKIMS, Spanx and Vuori — are slated to be added “soon.”