OpenAI’s Shopping Glitch
The Information
•
Generative AI
AI Business
This wasn’t a fun day on Wall Street - the S&P 500 fell 0.5% - but one group of stocks bucked the downward trend. That would be those of several travel-booking and food-delivery firms, such as DoorDash, Booking Holdings and Expedia, which climbed between 3% and 13%. One likely reason is OpenAI’s astounding retreat from offering shopping directly in ChatGPT. While it wasn’t a travel-booking or food-delivery service, investors had clearly been worried it could expand. The threat of AI disruption had depressed travel stocks lately.