Fintech startup Stripe integrating OpenAI’s new GPT-4 AI
FINTECH startup Stripe is starting to integrate OpenAI’s latest GPT-4 artificial intelligence (AI) model into its digital payment processing and other products, Stripe said on Wednesday (Mar 15).
The news followed an announcement by Microsoft-backed OpenAI that it would release GPT-4, a new version of the powerful AI technology that has powered chatbot sensation ChatGPT.
The Stripe move represents one of the first known integrations of OpenAI’s new technology, underscoring large companies’ interest in embedding AI in their product offerings.
There are currently 14 GPT-4 prototypes in the works at San Francisco-based Stripe, said Emily Sands, Stripe’s head of information.
The first offering will be a way for Stripe’s software developers to type out a question and receive summarised answers instead of having to search through developer documentation, Sands said.
Another test in the works allows Stripe’s customers to make queries about their business analytics using natural language instead of needing to write database queries, she added.
GET BT IN YOUR INBOX DAILY
Start and end each day with the latest news stories and analyses delivered straight to your inbox.
OpenAI will also use Stripe’s payment processing engine to charge its users, including for its ChatGPT Plus subscription, as well as to buy credits for the DALL-E image-generation product, according to Stripe.
As competition in AI heats up, it remains unclear whether companies will be able to successfully commercialise their products and charge users for them. REUTERS
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Startups & Tech
Vietnam education startup Prep bags US$7 million in Series A funding
Booking says room reservations to slow amid Middle-East conflict
Cruise operator Viking prices IPO within range to raise US$1.54 billion: source
Health-tech startup Thrixen bags US$7 million from 22Health Ventures, Aldevron co-founder
Goodbye Garage, hello Tech in Asia: How BT’s startup coverage is evolving
Mergers, closures, diversification: What is happening to Singapore’s cultivated meat sector?