However, the announcement of these new features has reportedly led to a drop in PayPal's shares. After the news was processed by investors, the company's shares fell by 4.6%. Market analysts suggest that investors did not see the announcements as revolutionary, but rather as expected upgrades to existing services.
Key takeaways:
- PayPal is set to release new artificial intelligence (AI) features aimed at driving faster purchases, AI-assisted personalization for consumers, and AI-assisted sales for merchants.
- PayPal's new features include Fastlane, a one-click guest checkout feature, and Smart Receipts, a feature that uses AI to suggest possible future purchases based on past transactions.
- PayPal is also developing an 'advanced offers platform' that uses AI to analyze data from merchant transactions and personalize offers for customers, and launching CashPass, a feature that provides users with customized cash-back deals.
- Despite these announcements, PayPal's shares reportedly fell by 4.6%, with some suggesting that the market did not view these as revolutionary new developments.