Etsy Rises by 16% after OpenAI Announcement
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OpenAI introduced "Instant Checkout" on Monday, a new feature that allows users to purchase products directly through the AI chatbot ChatGPT. At launch, users in the US can buy individual items from Etsy sellers. Integration with over a million Shopify stores, including brands like Skims and Glossier, is expected to follow soon. The feature is available to ChatGPT users in the Free, Plus, and Pro versions, with plans for international expansion. Market reactions The markets reacted immediately: Etsy's stock rose by nearly 16%, while Shopify...
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