- OpenAI and Stripe have reached a two-way agreement.
- OpenAI will be using Stripe for payments and financial activities for its products.
- Stripe will be using OpenAI’s latest language generating model, GPT-4, to build more products, manage fraud and increase conversion rates.
OpenAI, the company shipping trending artificial intelligence-powered products like ChatGPT and DALL-E, reached a two-way agreement with payments platform Stripe.
First, OpenAI has agreed to use Stripe for its payments and financial related activities. This means that paying subscribers use Stripe’s Billing and Checkout products to pay for ChatGPT PLUS and the pay-as-you-go option of DALL-E.
In addition, the AI company will use the platform to meet its tax compliance obligations and manage finances such as managing disputes and making refunds.
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“As these new AI companies proliferate, we’re helping them with smart monetization strategies that get their products into more hands. Personally, I’m excited to easily buy more DALL·E credits and continue my forays into AI-assisted painting,” David Singleton, Stripe CTO, said.
Then, for Stripe, it is adopting the latest OpenAI language generating model, GPT-4, through Microsoft Azure, to build more products, manage fraud and increase conversion rates of its marketing efforts.
The fintech is launching GPT-powered Stripe Docs which lets developers use Stripe Docs to ask GPT-4 questions on natural language and get succinct answers.
“Like the introduction of email, smartphones, or videoconferencing, GPT-4 has the potential to fundamentally rewire—and improve—how businesses run. By integrating GPT-4, Stripe is giving our users the most advanced tools to help them build and grow online,” Stripe product lead for applied machine learning Eugene Mann explained.
While both companies did not reveal the financial implications of their deal, we know Stripe has a customised pricing package for businesses and a pay-as-you-go pricing plan of 2.9% + 30¢ per successful card charge. Meanwhile, Microsoft Azure OpenAI pricing are charged per tokens, per images, or per hours, as relevant.
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