The firm, which launched the latest version of its technology named GPT-4 this week, said Stripe will provide billing and checkout features for payments, as well as its automation and tax compliance technology. Stripe will take a small percentage of the transactions that go through its platforms.
The partnership also means Stripe will integrate OpenAI’s new technology into its products and services, and is currently experimenting with 14 pieces of GPT infrastructure. It’s a fillip for Stripe, which cut its internal valuation by 11% to $63 billion in January amid a wider slump in the fintech industry.