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OpenAI launches ChatGPT Wallet, allowing its 'dots' AI agents to make purchases for users
OpenAI on Friday announced ChatGPT Wallet, a new payment feature that enables its "dots" artificial intelligence agents to make purchases on behalf of users.
The company built ChatGPT Wallet in partnership with American Express, Mastercard and Visa, and it allows cardholders to maintain their existing credit card rewards and protections. Eligible users enter their card information once, prompt their dot to find items to buy and approve each purchase with a security check.
OpenAI said its dots agents will never actually access a user's card details. Instead, their payment networks will provide the dot with a "payment token," which contains a scoped card number, security code and expiration date that is specific to a given transaction.
Midday Need to Know: OpenAI enters agentic payments, Copper extends losses & more
Wall Street shifted lower on Friday as the latest PPI inflation data landed and investors continue to assess the fallout from Jensen Huang's exit from Nvidia.
Now, here are four news stories that broke in the morning to watch out for:
U.S. producer prices rise 0.3% in October, coming in below estimates: The U.S. Producer Price Index rose 0.3% month-over-month in October, below the 0.4% consensus forecast, according to the Bureau of Labor Statistics. Core PPI, which excludes food and energy, also advanced 0.3%, matching expectations. On an unadjusted basis, the index for final demand increased 6.5% for the 12 months ended in October, the largest 12-month rise since moving up 7.4% in November 2022. Despite signs of easing, analysts expect the Federal Reserve to maintain its hawkish stance, with Jeffrey Roach, Chief Economist for LPL Financial, anticipating a 25 basis point rate hike at the December 9 meeting.
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