ExchangeWire on PayPal’s Ad Network Plans, Ethics Surrounding OpenAI and TikTok’s Future in the US 

In this team episode of the MadTech Podcast, Aimee Newell Tarín is joined by Lindsay Rowntree and John Still to discuss the latest in the media and marketing space. 

They discuss PayPal’s plans to build an ad network, the latest news surrounding OpenAI including a deal with PwC and the introduction of a Safety and Security Committee, as well as TikTok’s future in the US with time Tik-ing away for ByeDance to divest the video platform. 

PayPal Plans an Ad Business (The Wall Street Journal

PayPal has plans to boost its growth by starting an ad network. The ad business will be built around the data it generates by tracking users’ purchases as well as broader spending behaviours of those who use its services.

PwC becomes its first resale partner for ChatGPT (TechCrunch

A deal signed on Wednesday sees PwC becoming OpenAI’s largest customer, and the first reseller of its flagship product, ChatGPT. 

OpenAI Board Forms Safety and Security Committee (OpenAI Blog)

OpenAI has formed a Safety and Security Committee. In their own words, the committee will be “responsible for making recommendations on critical safety and security decisions” for all of their projects. The committee will be led by CEO Sam Altman, alongside directors Bret Taylor, Adam D’Angelo, and Nicole Seligman. 

US court to hear TikTok ban case in September (Reuters)

The Court of Appeals for the District of Columbia has set a fast-track schedule to consider the legal challenges to the law which will ban TikTok in the country unless sold by China-based parent company ByteDance.