By Deepa Seetharaman, Stephen Nellis and Deborah Mary Sophia (Reuters) -Microsoft and OpenAI announced a restructuring deal on Tuesday that frees the ChatGPT maker to move away from its nonprofit roots and likely go public so it can finance CEO Sam Altman's ambitious plans to develop data centers and cutting-edge technology.

PayPal, which owns the payment platform Venmo, announced Tuesday it is embedding its digital payment wallet into ChatGPT, allowing users to complete purchases on the platform. The partnership, reported first by CNBC, gives tens of millions of PayPal merchants a new space to do business.