PayPal says it’s ‘becoming a technology company again’ — that means AI
PayPal is pitching an AI-led turnaround, tying automation and restructuring to $1.5 billion in savings as it cuts jobs and works to modernize its tech stack.
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Venmo’s biggest makeover in years comes at a very interesting time
The timing is notable. PayPal, which owns Venmo, is restructuring to spin Venmo off as a stand-alone business unit — a move widely seen as laying the groundwork for a potential sale. Stripe has reportedly expressed interest in buying PayPal outright.
