PayPal says it’s ‘becoming a technology company again’ — that means AI

# PayPal Banking on AI to Cut Costs and Compete PayPal says it's overhauling itself to become more tech-focused, with artificial intelligence playing a big role in automating routine work and cutting $1.5 billion in costs. The company is laying off workers and replacing older systems with newer technology, essentially betting that AI can help it operate more efficiently and stay competitive against newer fintech rivals.