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PayPal says it’s ‘becoming a technology company again.’ That means AI.

PayPal says it’s ‘becoming a technology company again.’ That means AI.

PayPal is looking toward the future, despite its falling stock and looming layoffs. In its first-quarter earnings call, CEO Enrique Lores told investors that PayPal needs to “recommit to the fundamentals,” which included “becoming a technology company again.” There was no need to read between the lines — PayPal was pitching an AI-powered turnaround. Lores…