commerce

PayPal’s Honey to integrate with ChatGPT and other AIs for shopping assistance

Commerce /

After teaming up with Google on agentic commerce last month, payments giant PayPal announced Tuesday it’s adding new features to its PayPal Honey browser extension. The features will provide AI chatbot users, who are researching items they want to purchase, Honey’s product recommendations, pricing, and access to deals. When users ask their preferred AI chatbot a shopping-related question, PayPal […]

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eBay to acquire social marketplace platform Tise

Commerce /

eBay announced on Monday that it’s acquiring Tise, a social marketplace for second-hand fashion and interior design items. The financial terms of the deal were not disclosed. eBay says the Oslo, Norway-based company’s platform will open the door to a community of Gen Z and millennial customers. The company also says Tise’s community features, such as

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Google and PayPal team up on agentic commerce

Commerce /

PayPal announced on Wednesday a new multi-year partnership with Google that will see the payments giant using Google’s AI technology to create new AI-powered shopping experiences. PayPal’s solutions, meanwhile, will be integrated across Google’s products, and PayPal will work with Google Cloud on hosting and improving its technology infrastructure. The companies did not detail what

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Pinterest CEO says agentic shopping is still a long way out

Commerce /

Pinterest CEO Bill Ready told investors on the company’s second-quarter earnings call that the social app and inspirational bookmarking site could be considered an “AI-enabled shopping assistant.” However, he thinks that the agentic web, where AI agents shop on users’ behalf, is still far in the future. The remarks were made in response to a

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Prime Day event drove over $24B in U.S. e-commerce sales, gen AI traffic was up 3,300%

Commerce /

Amazon’s Prime Day, which leads to an overall boost to U.S. e-commerce thanks to competitive sales, saw a significant increase in retail traffic driven by generative AI products, including chatbots and browsers. According to a post-Prime Day analysis by Adobe Analytics, gen AI traffic to U.S. retail sites increased by 3,300% year-over-year — which was

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AI creation platform Arcade expands from jewelry to home goods

Startups /

Arcade, a generative AI marketplace for designing jewelry, is expanding its offerings to include home goods, starting with rugs. The company on Monday also introduced a new feature called “Match My Room,” which allows users to upload a photo of their room so that their design complements the existing colors and style. Alongside this expansion,

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Stripe is laying off 300 people, but says it still plans to hire in 2025

Commerce /

Fintech giant Stripe is laying off 300 people, according to a leaked memo reported on Tuesday by Business Insider. The affected employees are “largely in product, engineering, and operations roles,” the memo said. Despite the layoffs, Chief People Officer Rob McIntosh said that Stripe intends to still grow its headcount by 17% “to land at

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StoreCash’s new app lets you instantly earn cash back at stores

Apps /

Daricus Releford always wanted to be a founder.  In high school, he ran a hot dog station and in college launched a chocolate-covered strawberry business, making millions in sales before moving to Silicon Valley to pursue his dreams in tech. Entrepreneurship simply runs in his family, he told TechCrunch. “My grandfather was one of the

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Style DNA gets a generative AI chatbot that suggests outfit ideas based on your color type

Apps /

Style DNA, an AI-powered fashion stylist app, creates a personalized style profile from a single selfie. The app is particularly useful for people interested in seasonal color analysis, a process used to determine the best colors to complement an individual’s skin tone. This service can be expensive, with experts charging upwards of $300. However, the

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