PayPal is prioritizing AI for its business turnaround, aiming for significant cost savings through automation and modernization.
Why it matters
This article highlights how a major fintech player like PayPal is strategically leveraging AI not just for product innovation, but as a fundamental driver for operational efficiency and cost reduction. It signals a broader trend of established companies integrating AI deeply into their core business strategies to remain competitive and achieve significant financial gains, impacting the future of work and business operations in the financial sector.
PayPal is using AI to make its business run better and save money. This means they are automating tasks and updating their technology, which will also lead to job cuts.
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