Author: GT

PayPal said on Tuesday that it is adopting a protocol in combination with OpenAI’s “Instant Checkout” feature to let users pay for their shopping directly within ChatGPT, starting in 2026. PayPal is adopting the Agentic Commerce Protocol (ACP), an open source specification developed by OpenAI that lets merchants make their products available within AI apps, consequently enabling users to shop using AI agents. Meanwhile, OpenAI’s “Instant Checkout” feature, launched in September, lets users confirm their order, shipping, and payment details, and complete purchases without leaving ChatGPT. Customers can use their PayPal wallets for checkout, which, the company said, would enable…

OpenAI has completed a major reorganisation and, in the same breath, signed a new definitive partnership agreement with Microsoft.Starting with OpenAI’s reorganisation, the aim is to solidify the nonprofit’s control over the for-profit business and establish the newly named OpenAI Foundation as a global philanthropic powerhouse, holding equity in the commercial arm valued at approximately $130 billion.This reorganisation, which OpenAI says “maintains the strongest representation of mission-focused governance in the industry today,” effectively turns the company’s commercial success into a direct funding pipeline for its original mission.The for-profit entity is now a public benefit corporation called OpenAI Group PBC, legally…

Adobe today released new AI assistants for Express and Photoshop that can help users with image creation and editing. Most companies like to put AI assistants into a sidebar in their products to grab on-screen context. But for Express, Adobe has created a new mode that lets you use text prompts to create new images and designs. You can switch on the assistant mode to use AI prompts and then switch back to use editing tools and controls that are available in Express in the current version. Meanwhile, the new Photoshop assistant, which is in closed beta testing, lives in…

Nvidia CEO Jensen Huang delivers remarks next to U.S. President Donald Trump at an ‘Investing in America’ event in Washington, D.C., on April 30, 2025.Leah Millis | ReutersNvidia CEO Jensen Huang is headed to South Korea, one of the company’s most important markets, ahead of meeting there between U.S. President Donald Trump and his Chinese counterpart Xi Jinping.For Huang, it’s expected to be a trip that mixes business and politics with a meeting with Trump on the cards as well as execs from South Korea’s biggest firms such as Samsung and SK Group.Market watchers will also be looking out for…

Adobe said on Tuesday that it is launching the latest iteration of its image generation model, Firefly Image 5. The company is also adding more features to the Firefly website, support for more third-party models, and the ability to generate speech and soundtracks. Notably, the update allows artists to come up with their own image models using their existing art. Image 5 can now work at native resolutions of up to 4 megapixels, a massive increase from the previous-gen model, which could natively generate images at 1 megapixel but then would upscale them to 4 megapixels. The new model is…

Amazon said on Tuesday that it plans to reduce its corporate workforce by 14,000 jobs as it seeks to reduce bureaucracy, remove layers, and invest more in its AI strategy. This marks the e-commerce giant’s second-largest job cuts since it slashed 22,000 jobs in 2022. Amazon had nearly 1.2 million employees as of October 31, 2024, of which more than 360,000 were in its corporate division, in administrative, sales, and executive roles. In a memo shared with employees, Beth Galetti, senior vice president of people experience and technology at Amazon, wrote that the move is aimed at making the company…

It’s time for day two of TechCrunch Disrupt 2025, which means San Francisco’s Moscone West will be jam-packed with another marathon of speakers, workshops, networking opportunities, and after-parties for attendees. Keep in mind that you can still register for tickets to join the excitement, and since we’re already a day in, you can get a ticket for 50% off the standard walk-up price. Refresh yourself on our speaker lineup right here, or dive deeper into each of our stages, events, networking opportunities, and more by following the anchor links below.  Most importantly, have fun out there, and if you want…

OpenAI on Tuesday said it had completed its recapitalization, splitting the AI lab into a for-profit corporation nested inside a non-profit foundation. It’s the end result of a complex legal process that had been strenuously resisted by its estranged co-founder, Elon Musk. Under the new structure, the non-profit OpenAI Foundation will have legal control over a public benefit corporation called OpenAI Group, which is free to raise funding or acquire companies without legal restraint. The Foundation will hold a significant stake in OpenAI Group and will appoint its board of directors. “We believe that the world’s most powerful technology must…

Apple and Microsoft are now both worth more than $4 trillion each. This is the first time Apple’s market capitalization has crossed the $4 trillion mark, making it the third company to ever cross the milestone, after Nvidia and Microsoft. Redmond first crossed the mark in July, but its valuation then dropped slightly to $3.9 trillion, before returning to $4 trillion on Tuesday on the back of news that it had signed a new agreement with OpenAI. Apple’s growth has been impressive: It reached $1 trillion in 2018, $2 trillion in 2020, and $3 trillion in 2022. Apple’s stock has…

Taranjeet Singh (pictured above, right) has launched six companies, with some failing and others seeing varying degrees of success. His seventh, Mem0, could be his defining one. The startup starts with the premise that large language models can’t remember past interactions the way humans do. If two people are chatting and the connection drops, they can resume the conversation. AI models, by contrast, forget everything and start from scratch. Mem0 fixes that. Singh calls it a “memory passport,” where your AI memory travels with you across apps and agents, just like email or logins do today. The YC-backed startup, launched…