Artificial intelligence startup OpenAI on Monday disclosed the integration of a series of popular apps into its renowned AI chatbot ChatGPT, even as the $500 billion company seeks to become a super assistant — an ecosystem for users’ every need.
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At its DevDay conference in San Francisco, California, OpenAI revealed integration with everyday apps such as streaming platform Spotify (SPOT), online real estate site Zillow (ZG) and online learning destination Coursera (COUR).
Other apps mentioned include cloud-based design tool Figma (FIG), online travel site Expedia (EXPE), online accommodation destination Booking.com (BKNG), and design software platform Canva (PC:CNVAX).
ChatGPT Integrations Excite Stocks
These stocks stocks saw their shares rise–by varying degrees– during early trading on Tuesday, with Figma in particular further extending its 7% gains from Monday by adding nearly 2%, as of 4:41 a.m. EDT.
The rise in the share prices further reinforces the view that OpenAI, despite being a privately-held company, is fast becoming an influential figure in the stock market, just like U.S. tech giants such as Apple (AAPL) and Nvidia (NVDA).
The long list of new integrations means that services offered by these apps will become directly available on ChatGPT. According to Spotify, all its users need to do is simply connect their streaming accounts directly in ChatGPT and mention Spotify in their prompts.
“From there, simply ask for songs, artists, albums, playlists, or podcast episodes. ChatGPT will automatically bring up the Spotify app in your chat and use relevant context to accomplish the task,” Spotify explained in a blogpost.
Becoming an Ecosystem for Everything
The new integrations expand OpenAI’s list of practical apps now directly available on its platform. Recently, the company integrated with e-commerce platforms Etsy (ETSY) and Shopify (SHOP), providing an instant checkout feature via global payment firm Stripe’s infrastructure to power purchases made from its app.
The moves come at a critical growth and investment stage for OpenAI, which has been on a mega-deal spree in recent months, shaking hands with U.S. tech majors, including Nvidia and Oracle (ORCL). The latest is a mouth-watering cloud computing deal with chip designer Advanced Micro Devices (AMD), which has been called a major turning point for the latter.
ChatGPT, OpenAI’s flagship product, currently boasts over 700 million users per week, according to the company. Nick Turley, who leads OpenAI’s ChatGPT team, says the company set out to build a super assistant and not simply a chatbot.
OpenAI is yet to turn in a profit. However, the company saw its revenue jump by 16% to $4.3 billion during the first six months of this year, compared to the same period last year. The startup hopes to generate up to $13 billion in revenue by the end 2025.
Which of These Stocks Are Worth Buying?
The TipRanks Stock Comparison Tool provides direction of which of the stocks benefitting from the new integration with ChatGPT is worth buying at this moment. Kindly refer to the graphics below.
