Search results for Etsy
AI & Enterprise
OpenAI revises AI shopping strategy, shifts from instant checkout to in-app model
OpenAI is revising its AI shopping strategy after its Instant Checkout feature failed to deliver the expected impact, CNBC reported on March 20. The tool had aimed to let retailers such as Etsy, Walmart and Shopify sell directly through ChatGPT, but results were limited due to technical constraints and weak user experience. OpenAI is now encouraging retailers to build their own apps inside ChatGPT, shifting payments back to retailers\' websites.
AI & Enterprise
OpenAI pulls back from ambitious ChatGPT commerce push, supports payments in linked apps
OpenAI is prioritising support for payments in certain apps linked to ChatGPT instead of enabling purchases directly within the chatbot, The Information reported on March 4, citing an OpenAI spokesperson. The reason for the retreat is unclear, and few merchants still sell through in-chat payments. The report said OpenAI found users search for products with ChatGPT but do not use it to complete purchases, citing a person familiar with the project.
Games & Commerce
Etsy to sell secondhand clothing app Depop to eBay for $1.2 billion
Etsy will sell secondhand clothing app Depop to eBay for $1.2 billion, TechCrunch reported on Tuesday. Etsy said it drew teenagers and millennials through Depop but decided to focus on its core marketplace amid growth stagnation after the pandemic. Etsy bought Depop for $1.62 billion five years ago. Depop was founded in 2011 and recorded $1 billion in merchandise sales last year.
