PayPal hires Walmart exec as chief technology officer in AI push

PayPal has hired one of Walmart's top tech executives Srini Venkatesan to head up the company's push into artificial intelligence as its new chief technology officer, the company told Reuters on Thursday.

Venkatesan will oversee technology across the payments giant, including AI and machine learning, information security and product engineering, the company said.

Under PayPal CEO Alex Chriss -- who joined in September -- the company has tried to tap into investor enthusiasm for AI, announcing new AI-based products in January, like a platform that enables merchants to reach new customers based on their prior shopping history.
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 PayPal has hired Srini Venkatesan, a top tech executive from Walmart, as its new Chief Technology Officer (CTO) to lead the company's efforts in artificial intelligence (AI) and other technology areas. This move is part of PayPal's strategy to leverage AI and enhance its tech infrastructure and services