PayPal announced on Wednesday a new multi-year partnership with Google that will see the payments giant using Google's AI technology to create new AI-powered shopping experiences.

Called the Agent Payments Protocol (AP2), the system is meant to be interoperable between AI platforms, payment systems, and vendors.

PayPal announced on Wednesday a new multi-year partnership with Google that will see the payments giant using Google's AI technology to create new AI-powered shopping experiences.