ChatGPT users will soon have a new way to buy products using the generative artificial intelligence bot, thanks to a partnership between PayPal and OpenAI. PayPal, which owns the payment platform Venmo, announced Tuesday it is embedding its digital payment wallet into ChatGPT starting next year.

PayPal Holdings Inc. expects to generate $1.7 billion in Venmo revenue this year, the company said Tuesday, while giving a rare glimpse into the peer-to-peer payment service’s top-line performance.

CEO Sam Altman will not receive equity in the restructured company, an OpenAI spokesperson said, ending speculation from last year that he would. The company also has no immediate