Fintech start-up Stripe integrates OpenAI’s new GPT-4 AI

SAN FRANCISCO — Fintech startup Stripe is beginning to integrate OpenAI’s latest GPT-4 artificial intelligence model into its digital payments processing and other products, Stripe said Wednesday.

The news follows Microsoft Corp-backed OpenAI announcing the release of GPT-4, a new version of the powerful artificial intelligence (AI) technology that powered chatbot sensation ChatGPT.

Stripe’s move represents one of the first known integrations of OpenAI’s new technology, underscoring the interest of large enterprises in integrating AI into their product offerings.

There are currently 14 GPT-4 prototypes in the works at San Francisco-based Stripe, said Emily Sands, chief information officer at Stripe.

The first offering will be a way for software developers at Stripe to type in a question and receive summarized answers instead of having to search through developer documentation, Sands said.

Another ongoing test is allowing Stripe customers to query their business analytics using natural language instead of having to write database queries, she added.

OpenAI will also use Stripe’s payment processing engine to bill its users, including for its ChatGPT Plus subscription, as well as to purchase credits for the DALL-E image generation product, according to Stripe.

As competition in the AI ​​space intensifies, it remains unclear whether companies will be able to successfully bring their products to market and charge users for them.

(Reporting by Anna Tong; Editing by Jamie Freed)

Copyright 2023 Thomson Reuters.

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