PayPal says it’s ‘becoming a technology company again.’ That means AI.
TechCrunch
PayPal aims to revitalize its business and cut costs by aggressively integrating AI across its development and operational processes.Summary
Facing a declining stock price and the need for structural change, PayPal CEO Enrique Lores announced a strategic shift toward becoming a technology-focused company again. Central to this turnaround is an aggressive integration of artificial intelligence into software development, customer service, and risk management. By combining these AI initiatives with a corporate reorganization and a significant reduction in its workforce, the company anticipates achieving at least $1.5 billion in cost savings over the next few years while attempting to accelerate innovation.
(Source：TechCrunch)