Etsy, OpenAI and Shopify
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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.”
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Etsy, Shopify Stocks Rally On OpenAI Partnership To Power E-commerce On ChatGPT: Retail Extremely Bullish
Shares of Shopify and Etsy surged 6.2% and 15.8%, respectively, on Monday following the announcement of a partnership with OpenAI to power online commerce on the ChatGPT chatbot. On Stocktwits, the retail sentiment for both tickers shifted to 'extremely bullish,
Ottawa-headquartered Shopify provides software and tools to help sellers build and manage their online shops. (Credit: Kevin Van Paassen/Bloomberg) Shopify Inc.’s stock jumped six per cent on Monday after announcing a tie-up with OpenAI Inc.