payment systems AI News & Updates
Google and PayPal Partner to Develop AI-Powered Shopping Agents with New Payment Protocol
PayPal and Google announced a multi-year partnership to create AI-powered shopping experiences using Google's AI technology and PayPal's payment infrastructure. The collaboration includes developing Google's new Agent Payments Protocol, an open standard for AI agent-initiated purchases backed by over 60 merchants and financial institutions.
Skynet Chance (+0.01%): The development of AI agents capable of autonomous purchasing represents a minor step toward more autonomous AI systems, though these are narrow commercial applications with built-in financial constraints.
Skynet Date (+0 days): This commercial AI application focuses on narrow shopping tasks and doesn't significantly accelerate or decelerate progress toward more general AI risks.
AGI Progress (+0.01%): The partnership demonstrates practical deployment of AI agents in commercial settings, showing progress in creating AI systems that can take autonomous actions, albeit in a limited domain.
AGI Date (+0 days): The collaboration between major tech companies and the backing of 60+ institutions suggests modest acceleration in AI agent deployment and infrastructure development for autonomous AI systems.